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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
Will Equifax really pay $125?
You'll Get Your Equifax Money. 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.
Is Equifax paying $125?
That's a mere $31 million, which divided by 147 million Americans is far, far less than $125 per person. In fact, it's roughly 21 cents. That's insulting, to say the least, but now, it seems Equifax is determined to make it even harder to actually get paid.
Has anyone received 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?
The next six years would be with Equifax. Victims of the breach who didn't want the credit monitoring could receive a cash payment instead. The settlement offered two choices: Opt for up to 10 years of free credit monitoring or receive a payment instead. That could include the time spent freezing credit reports.
How much is the Equifax Settlement per person?
(For the purposes of this settlement, each additional million people who enroll beyond the first 7 million will cost Equifax another $16.4 million, so the product actually appears to be worth about $16.40 per person when purchased in bulk.) If you want credit monitoring, by all means get it.
How long does Equifax check take?
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.
Has anyone received money from 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.
Has anyone received money from Equifax breach?
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.
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