![]() If you aren’t subscribed for any credit monitoring services, then technically you aren’t eligible. So it should/might be possible for us to file a claim for the $125, despite not really having any expenses laid out. Many of us already have free credit monitoring in place, e.g. Object or comment on the settlement – November 19, 2019īear in mind, not everyone is eligible for the settlement only the 147 million whose data was breached.Exclude yourself from the settlement – November 19, 2019.Services will be available for at least 7 years Access to Identity Restoration Services – No deadline.File a claim for Equifax Subscription Product Reimbursement – January 22, 2020.File a claim for Credit Monitoring Services or Alternative Reimbursement Compensation – January 22, 2020.File a claim for Out-of-Pocket Losses or Time Spent – Janu(for current losses and time) Janu(for future losses and time).For the cost of Equifax credit monitoring and related services you had between September 7, 2016, and September 7, 2017, capped at 25 percent of the total amount you paid.You can be compensated $25 per hour up to 20 hours. For the time you spent dealing with the breach.Other expenses like notary fees, document shipping fees and postage, mileage, and phone charges.Fees you paid to professionals like an accountant or attorney.The cost of freezing or unfreezing your credit report.Losses from unauthorized charges to your accounts. ![]() For expenses you paid as a result of the breach, like:.If you were a minor in May 2017, you are eligible for a total of 18 years of free credit monitoring.Ĭash Payments (capped at $20,000 per person) Up to six more years of free credit monitoring of your Equifax credit report.At least four years of free credit monitoring of your credit report at all three credit bureaus (Equifax, Experian, and TransUnion) and $1,000,000 of identity theft insurance.$125 if you decide not to enroll because you already have credit monitoring.Up to 10 years of free credit monitoring, OR.How Much?įree Credit Monitoring and Identity Theft Protection Services You can read the full settlement document here (hundreds of pages). The settlement seems to offer a minimum of $125 per person, details on that below. Added the link below and updated the post to reflect that it’s now live. Update 2: The FTC site is now officially showing the Equifax site listed below as the site for claim (for those who were worried). Update 3: See our follow up post: FTC Admits You’re Not Getting Anywhere Near $125 From Settlement. – OR – You can amend your claim to request free credit monitoring instead of alternative compensation.”) To verify your claim for alternative compensation, you must provide the name of your credit monitoring service that you had in place when you filed your claim. (“You must either verify or amend your claim by October 15, 2019. If you do not, your claim for alternative compensation will be denied. Update 4 (9/7/19): They are now sending out an email for those who already filed claims that it requires a follow up to verify that you have credit monitoring and are eligible for cash compensation or to switch and request the credit monitoring option. At this stage it’s clear you’ll get nothing like the original $125 promised, I’m guessing a few dollars at most. Update 1/17/20: Court has confirmed that the last day to claim will be January 22nd, 2020. Update 1/26/22: Emails are going out with links to the 4 years of free credit monitoring per reader Jay these might land up in spam so keep an eye out. We still don’t know how much the payments are for. If you do nothing by Oct 14th they will mail you check. Update 10/6/22: Lots of readers are getting an email to claim payment either by paypal or prepaid card. Readers report now getting this payment via Paypal or check. Not clear what accounts for the variation. Update 12/19/22: After all these years, the settlement – initially touted $125 – is finalized and ends up paying out somewhere between $5 and $24, from the numbers we’ve seen.
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