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How much will I get for Equifax Settlement?
Last week, Equifax agreed to a $575 million up to $700 million settlement over its major 2017 data breach. It entitles affected consumers to free credit-monitoring offerings or an $125 payout, plus the potential for more cash back if you can document losses as a result of the incident.
Will I get money from Equifax?
Despite the FTC pushing people away from an Equifax cash payout, there's a good chance you'll get all $125. Eventually. Last week, Equifax agreed to a $575 million up to $700 million settlement over its major 2017 data breach.
How much will I get from the Equifax Settlement?
In July, credit bureau Equifax agreed to pay nearly $700 million over its massive 2017 data breach. Under the terms of the settlement, affected consumers could potentially get up to $20,000 in reimbursement.
Who is eligible for Equifax Settlement?
If you paid expenses following the breach for personal information being exposed, you are eligible for compensation up to $20,000 per person. These expenses include: Losses from unauthorized charges to your accounts. The cost of freezing or unfreezing your credit report.
Was I affected by Equifax?
If your information was exposed in the data breach, you can file a claim at EquifaxBreachSettlement.com. You may be entitled to as much as $20,000, although probably much less. The Equifax settlement was announced on July 24, 2019. The deadline for filing a claim is January 22, 2020.
How long does Equifax take to settle?
Initially, the FTC announced that affected consumers would receive at least four years of free monitoring from the three major credit rating agencies through Experian and up to six more years of free, one-bureau credit monitoring through Equifax.
How do I claim my Equifax Settlement?
Prepare and file your claim To follow the settlement, the FTC suggests you sign up to receive email updates. You can also check the FTC's Equifax Data Breach Settlement page and the official data breach settlement page for updates. And the FTC has a number you can call -- (833) 759-2982 -- for updates.
Has the Equifax Settlement been finalized?
Last July the Federal Trade Commission opened a claim process to distribute as much as $425 million to compensate the millions of victims of the Equifax data breach as part of the company's $700 million settlement with the commission, which was finalized this week in U.S. District Court in Georgia.
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