You can now file a claim for $125 in cash following Equifax breach settlement

Polycount

TS Evangelist
Staff member

As part of this settlement, Equifax has created a $300 million fund that will be used to compensate any Americans who were impacted by the event (which is a good portion of them).

If you visit the Equifax Breach Settlement website, you'll be given the opportunity to cash out. First, you'll need to check your eligibility, but if you make it through that stage, Equifax wastes no time in giving you one of two options: you can elect to take a $125 check, or accept 10 years of free credit monitoring.

To get your $125, Equifax says you must already have a credit monitoring service of some kind. This isn't a difficult criteria to fill, though, as there are already plenty of solid free online options out there.

At any rate, $125 isn't necessarily the only cash you'll be entitled to. If you had to spend time researching the breach, dealing with identity theft, or even simply setting up credit alerts or freezes, Equifax might have to compensate you to the tune of $25 per hour (for up to 20 hours).

If you spent fewer than 10 hours dealing with any of these issues, you only need to provide a written explanation for the time loss. If you claim more than 10 hours, though, you'll need to provide supporting documentation, such as screenshots, emails, or other proof.

The second-to-last page on the settlement website lets you file a claim (or claims) to get your money back if you paid for credit monitoring, identity theft protection, or credit freezes "on or after" September 7, 2017. The last page just lets you select your payment preference: you can choose between a pre-paid card or a check.

We don't know when Equifax will be sending off payments to eligible Americans, but we'll update this article if we find out.

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Skjorn

TS Guru
What a joke. SS# are worth $125 to them.

Why tf would anyone enter their personal info to Equifax to see if they were affected.

Oh you just comprised the information of 143 MILLION people? Here take mine too and tell me if you fkd mine already or not? Are we fkn serious people?

They know every person that was affected so they should reach out to EVERYONE of them, not just some of them.
 

penn919

TS Maniac
What a joke. SS# are worth $125 to them.

Why tf would anyone enter their personal info to Equifax to see if they were affected.

Oh you just comprised the information of 143 MILLION people? Here take mine too and tell me if you fkd mine already or not? Are we fkn serious people?

They know every person that was affected so they should reach out to EVERYONE of them, not just some of them.
They don't ask for your full SS, just the last 6 digits. Looks like I wasn't fkd which is better than a measly $125 I suppose.
 

treetops

TS Evangelist
Credit Karma has free credit monitoring. Oh and its showing me data breaches for free..... SOB's! I love Credit Karma, tells about password breaches for free as well. +free credit reports etc etc
 
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