Equifax Data Breach Settlement Update | How You Can Claim $125 if Affected
In September of 2017, Equifax announced a data breach that exposed the personal information of over 140 million people!
As a result of this data breach, Equifax has agreed to a global settlement with the Federal Trade onlinemission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories and this settlement includes up to $425 million to help anyone affected by the data breach!
Although you cannot file a claim just yet, people affected by the breach will be able to request the following once the claims process begins:
- Free Credit Monitoring and Identity Theft Protection Services – up to 10 years of free credit monitoring OR
$125 if you decide not to enroll because you already have credit monitoring(no longer an option) - Cash Payments (capped at $20,000 per person) – for expenses you paid as a result of the breach, like losses from unauthorized charges to your accounts, the cost of credit monitoring etc
- Free Help Recovering from Identity Theft
- Free Credit Reports for all U.S. consumers – starting in 2020, get 6 additional free credit reports per year for 7 years from the Equifax website.
What can you do right now?
- Sign up HERE to get email updates about this settlement.
- The claims process will start after court approval. Bookmark and check this page for updates.
- Save any documents you have related to your efforts to avoid or recover from identity theft after the 2017 Equifax data breach.