Victims of Equifax credit reporting violations are running out of time to claim their part of a multimillion-dollar class action lawsuit.

Around 37,000 affected consumers have until September 1 to submit a claim of up to $59.70, as part of a $2.2 million settlement against the credit bureau, according to the case’s claims website.

The settlement stems from 2022 when Equifax duplicated negative information on credit reports, according to court documents, which can include accounts that went to collections or payments that were 90 days late.

Equifax’s failure to catch the errors violated the Fair Credit Reporting Act, legislation that protects consumers’ credit information. The legislation notes that credit bureaus like Equifax must take reasonable steps to ensure that information is accurate.

Participants have already been notified of their eligibility by email or postcard - they can file their claims through the settlement’s website. The site also provides information about the suit and instructions for those who prefer to opt out of the lawsuit.

The type of errors that spurred the settlement can drop a consumer’s credit score by more than 120 points, according to personal finance website LendingTree. A drop of that size increases a borrower’s risk profile, warranting higher interest rates and interest payments.

This is not the first settlement against Equifax. The company vaulted into the public eye in 2017 when a massive data breach exposed the personal data of 147 million people, the Federal Trade Commission reported.

Hackers were able to access the credit bureau’s network for 76 days before being caught, according to Harvard University’s Belfer Center for Science and International Affairs.

Equifax agreed to a $425 million settlement, and participants received up to $125, according to the case’s website.

There are three major consumer credit bureaus in the U.S.: Equifax, Experian and TransUnion. Each bureau gathers information about consumers' borrowing habits, including payment records for credit cards and loans, then generates a credit score based on that information.

Both Experian and TransUnion have agreed to settlements over data breaches. Most notably, Experian agreed to a $22 million civil suit over a 2015 data breach, and TransUnion settled Fair Credit Reporting Act violations for $15 million in October 2023.