Equifax

I did it yesterday and qualified. When I passed it on to some friends, some qualified and some didn’t.

So how do you collect your money?

https://www.equifaxbreachsettlement.com/faq

https://eligibility.equifaxbreachsettlement.com/en/eligibility

They will send you a check or you can opt for some credit security thing. I selected getting a check.

Hopefully those of us who applied will get something, but don't count on US$125.
https://time.com/5637125/125-equifax-fine-print/

You guys were comfy plugging in the last SIX digits of your social security number?

rckrckr wrote:Hopefully those of us who applied will get something, but don't count on US$125.
https://time.com/5637125/125-equifax-fine-print/

Anything is better than nothing. The data breach already exposed too much personal info so I’m not worried.

How would I know if I already had credit monitoring? Is that something that I would have signed up for and am paying for? Yes, I was impacted but was not sure about saying I had credit monitoring.

Sorry AOC, but Equifax probably won’t be paying people $125 apiece
By Jon Levine

July 27, 2019 | 11:28am
________
"But only $31 million has been earmarked for the payments, and the more who file claims, the less each person gets.

If all 147 million entitled to money request it, they would get just 21 cents apiece."

AOC quickly tried to backtrack.

“Okay everyone UPDATE on Equifax: for most people the better deal is 10 years of free credit monitoring,” AOC said in a follow-up tweet, urging her followers to pass on the cash payment and instead take another offer from the company.

“There’s apparently a run on settlements so there’s anxiety people are going to get 16 cent checks. But if you choose 10 years of credit monitoring, Equifax *must* cover it.”

https://nypost.com/2019/07/27/sorry-aoc-but-equifax-probably-wont-be-paying-people-125-apiece/amp/

Has anyone 'ever received a substantial' amount of money?

If I remember correctly the most I've ever received was around $15. to $20. dollars, after waiting forever.

So what? It will be 16 cents more than ‘I had before I took a few seconds to fill out the form. I’ll no doubt before 10 years is up.

sampati,
I've read that one of the free services such as Credit Karma is sufficient to prove coverage. I can show coverage via Credit Karma but I chose to take the credit report option.

If you discover misuse of your personal information, call the settlement administrator at 1-833-759-2982.

Federal Trade Commission: Protecting America's Consumers
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Equifax Data Breach Settlement
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July 2019
AFFECTED BY THE EQUIFAX BREACH? FILE A CLAIM NOW.

In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories. The settlement includes up to $425 million to help people affected by the data breach.

File a Claim

If your information was exposed in the data breach, you can file a claim at EquifaxBreachSettlement.com for the benefits described below.

Not sure if your information was exposed? Use this look-up tool to see.

You can file a claim for:

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. The free credit monitoring includes:
At least four years of free monitoring of your credit report at all three credit bureaus (Equifax, Experian, and TransUnion) and $1,000,000 of identity theft insurance.
Up to six more years of free monitoring of your Equifax credit report.
If you were a minor in May 2017, you are eligible for a total of 18 years of free credit monitoring.

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 freezing or unfreezing your credit report
The cost of credit monitoring
Fees you paid to professionals like an accountant or attorney
Other expenses like notary fees, document shipping fees and postage, mileage, and phone charges
For the time you spent dealing with the breach. You can be compensated $25 per hour up to 20 hours.
If you submit a claim for 10 hours or less, you must describe the actions you took and the time you spent doing those things.
If you claim more than 10 hours, you must describe the actions you took AND provide documents that show identity theft, fraud, or other misuse of your information.
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.
https://www.ftc.gov/enforcement/cases-proceedings/refunds/equifax-data-breach-settlement

Reading through the settlement, as usual the lawyers win, with what looks like 4 firms splitting $77.5 million (25%) of the settlement and another $3 million in expenses. The class representatives (I suspect lawyers or friends of same) are getting $2500 each. The rest of us are splitting whatever is left on a pro rata basis, so receiving less than $125 is possible depending on how many people sign up. Although the settlement also seems to increase if less than the expected number of folks sign up you could receive more.

PDF LEGALESE PAGE 36
ON PAYOUT
https://www.ftc.gov/system/files/documents/cases/172_3203_equifax_proposed_order_7-22-19.pdf

"...consumers were never going to get $125, says Ted Frank, director of litigation for Hamilton Lincoln. “That’s down to $6 or $7 [per consumer] now. Maybe even less than that,”

https://www.cnbc.com/2019/12/19/court-awards-80-million-to-consumer-attorneys-in-equifax-case.html

So, how much did you get Carry Bean?