Have you heard of the Equifax data breach? If not, you need to check this out — you could be getting paid major bucks for it.
The Equifax data breach exposed approximately 147 million people’s private information in September 2017.
About 147 million people were affected by this data breach, and that could include you! Find out if your personal information was part of the Equifax breach by answering a few questions on the settlement website.
A proposed settlement was submitted on July 22, 2019.
A federal court will be looking over the class action settlement and if approved would resolve lawsuits brought on by the consumers following the Equifax data breach.
People affected can file a claim to receive up to $125.00 or up to 10 years of free credit monitoring.
Once you find out if you were one of the people affected, you can head to their site and file a claim.
You can claim either an amount up to $125.00 or up to 10 years of free credit monitoring. To get up to $125.00, you’ll have to already have credit monitoring and prove that you’ll have it for the next six months. You have until January 22, 2020 to file a claim.
Millions of people have already filed for the $125.00, which means everyone will get less — 10 years of credit monitoring may be the better option.
Equifax is only paying up to $31 million, so now that millions have filed a claim for the money, they’ll all be getting significantly less than $125.00. Instead, the Federal Trade Commission is recommending people opt for the 10 years of free credit monitoring to ensure they get full benefits.
No benefits from the claims will be available until the settlement is approved by court.
You can fill out your claim right now — you just won’t get up to $125.00 or up to 10 years of free credit monitoring yet.
It’s possible that you could also be eligible for up to $20,000 in cash payments.
While this isn’t as probable as getting the $125.00, it’s possible. If you spent time trying to fix an issue with identity theft, fraud or misuse of your personal information because of the Equifax breach, you could get more money back.
You could also get more back for out-of-pocket losses from the Equifax data breach or up to 25% back on products you paid for the year before the breach.
You can also get up to seven years of free assisted identity restoration services.
If you need help fixing issues you’ve had due to the Equifax breach, you are eligible for up to seven years of free assistance.
Always make sure you’re getting a truly free credit report — don’t let them trick you.
Check out our seven best places to get a truly free credit report. We show you the best places to get a free credit score without ever having to enter your credit card information.
Be sure to also check out:
- 7 Best Places to Get a Truly Free Credit Report
- I Travel the World for Free with 20 Credit Cards and a 750 Credit Score
- 6 Things Couponers Should Never Do When Shopping Online