$125 from Equifax due to their Date Breach Fiasco

[chinaski]

Here’s how to get $125 from this week’s settlement
https://www.theverge.com/2019/7/25/8...sign-up-how-to

(I just did this and it said I was eligible)

File an online claim today if you were affected by the 2017 data breach.

The US credit reporting agency Equifax settled earlier this week with the Federal Trade Commission over the massive 2017 data breach that exposed hundreds of millions of Americans’ Social Security numbers and other sensitive data. Now, you can finally file a claim to collect on the $700 million settlement, which contains a $380,500,000 consumer restitution fund, as part of the class action lawsuit.

The FTC this morning posted the claim website, where you can both check if you were affected by the company’s breach and fill out the relatively simple form that lets you specify to which claims you feel entitled. Thankfully, it is not operated by Equifax, but by the settlement administrator JND, which handles these types of sprawling class action and corporate bankruptcy cases that may eventually involve millions of people filing claims.

On the website, you can check whether you’ve been affected by the Equifax breach by inputting your last name and the last six digits of your Social Security number.

You’ll get a simple “our records indicate your personal information was impacted by this incident” message if you were indeed affected. From there, you can head back to the main page and file a claim. The claim process is incredibly simple, and you can do so online or you can print the form to fill it out and mail it in. You can also request that JND mail you a form, as well as download a form on behalf of a minor.

he form asks for some simple biographical information, like where you live and when you were born. From there you can request either a $125 check or pre-paid card, or free three-bureau credit monitoring. To claim the money, you need to already have credit monitoring and must have it for another six months after you file the claim.

If you’d rather have the money over the free provided credit monitoring, you can simply sign up for a free service like Credit Karma today, which offers free daily credit monitoring from its partner TransUnion. A number of credit cards, and Intuit’s budget-planning service Mint, also offer some versions of credit monitoring for free. Additionally, there are paid services like Identity Guard and MyFICO that do the same, with a few more robust identity theft protections and other services built in.

The Equifax breach claim process with then ask you whether you’d like restitution for time spent because of the breach, up to $25 per hour for a total of 20 hours. Chances are most affected Americans haven’t spent any time, mostly because a majority of people likely aren’t even aware they were affected.

That said, if you did spend time combating any identity theft issues or dealing with any credit fraud because of the breach, you can file a claim for compensation up to $500. You’ll have to provide a fair amount of documentation for this part, so unless it’s something you legitimately spent a lot of time on and have the records to prove it, you can just click next and move on.

The final step asks whether you’ve actually been a victim of identity fraud or theft because of the breach and suffered financially because of it without any reimbursement. Again, this will require some pretty serious documentation. Following this step, or if you just skip it by clicking next, you can specify check or pre-paid card for your claim and then confirm all your information.

You’ll end up with a claim number you should save to your computer as a PDF. The form asks for your email, but when I just filled it out earlier this morning, I did not receive an email, so it’s best to make sure you have a copy of the page saved offline in the event you’re asked to provide proof of your claim in the future.

As for the deadlines here, you’ll have until January 22nd, 2020 to file a claim, while November 19th, 2019 is the deadline for opting out in the event you’re pursuing your own legal case against Equifax. The final hearing for the case is set for December 19th later this year, when the settlement is expected to be approved. So while you may not see any of this money for quite some time, you do have have quite a few months to ensure you can sign up and tell your friends and family to do the same.

Here is the website:
https://www.equifaxbreachsettlement.com/

[DaFace]

That's the full amount of the settlement. The amount for credit monitoring is only $31m, which is what everyone is claiming here.

[MMXcalibur]

Wasn't impacted, but thanks for the heads up.

[Deberg_1990]

Just received my check!

$121.38

[DaFace]

Originally Posted by Deberg_1990

Just received my check!



$121.38

That's...not how this works. It'll be months or even years before checks get sent out.

[threebag]

It’s been broadcast all over the news. Out of the 150 million affected it’s going to 470 million filing the claim. Hello 6¢/per...

[scho63]

Originally Posted by DaFace

That's...not how this works. It'll be months or even years before checks get sent out.

Months yes, years NO.

I've been part of about 3-4 claims for class action suits and the longest I waited was about 4 months.

The mechanics are usually all in place to execute once the last day to file begins.

Unless someone makes an egregious claim, they just pay to end it and make it go away.

[RunKC]

Wife and I were both on the list. I think how much you get varies on how many hours you said that you spent on the claim.

FYI Credit Karma has free credit monitoring

[Fish]

We're sorry everybody:

[007]

Originally Posted by Fish

We're sorry everybody:

. Literally not worth the paper it's printed on. I thought my check for. 02 was funny.

[Simply Red]

hard pass

[ChiliConCarnage]

FTC telling people to choose the credit monitoring cuz there isn't enough money to payout to people based on "the overwhelming response". Seriously? They're the ones who created the fines. Did they think no one would claim it? 31 million was never going to cover damages

The FTC released a notice Wednesday encouraging consumers rushing to get a $125 check from credit ratings agency Equifax as restitution for its 2017 breach should consider the credit monitoring option instead. That’s because an “overwhelming response” may mean Equifax runs out of money before satisfying all the claims.

“The public response to the settlement has been overwhelming,” the FTC notice reads. “Because the amount of money set aside for the cash payment option is capped at $31 million, consumers who select that option may not receive the $125 they had expected.”

The notice continues, “For those who have not submitted a claim, the FTC is recommending that affected consumers consider choosing the free credit monitoring service, which is worth hundreds of dollars and comes with identity theft insurance and restoration services. For consumers who have already chosen the cash option, the settlement administrator will e-mail those consumers and provide them with the opportunity to either (1) submit additional information, or (2) switch to the free credit monitoring service. Consumers can also contact the settlement administrator directly.”

[loochy]

Then the MFers that are lax with our data better get their shit toegether.

[BryanBusby]

Originally Posted by loochy

Then the MFers that are lax with our data better get their shit toegether.

Why would they? The penalty for this shit is laughable, really.

[loochy]

Originally Posted by BryanBusby

Why would they? The penalty for this shit is laughable, really.

Oh wait, disregard my post. I missed the part about the repayments only being capped at $31 million. WTF? Why is there any limit at all?

[displacedinMN]

This is worth watching.....

https://www.kare11.com/video/news/lo...f-5c3f74bbe98c

Said you could take the 125 or get 10 years of credit monitoring. If more people take the 125....you could get less. My question-Is that 125 tax free?

If so-I would still take the 10 years of free monitoring.