FTC warns you’ll get nowhere near $125 from Equifax settlement

WASHINGTON — The Federal Trade Commission is telling people that they will be “disappointed” by how much money they actually get if they select the $125 cash option from Equifax’s settlement over a 2017 data breach.

Last week, Equifax announced it would be paying $700 million to settle lawsuits over the breach that affected nearly 150 million people. One part of the settlement that was highly publicized included the option for those affected to get a $125 reimbursement instead of free credit monitoring. 


But the FTC […] Read more

Equifax data breach: FTC says $125 payouts will likely be less, encourages free credit monitoring.

The $700 million worth of settlements hashed out between state and federal authorities and Equifax earlier this month included $425 million to reimburse people, in amounts of up to $20,000, for losses incurred because of the breach. The pool of funds for the loss reimbursements is still intact, the FTC said. (Mike Stewart/AP)

Eli Rosenberg

General assignment reporter covering national and breaking news

July 31

The fine print on the settlement for the Equifax hack ensured that it would not be simple.

The company agreed to offer people 10 years of free […] Read more

Equifax can’t pay full $125 in breach settlement claims

CLOSE

Equifax will pay at least $575 million in a settlement stemming from one of the biggest data security failures ever.
USA TODAY

If you were hoping to get $125 from the Equifax breach settlement – rather than signing up for free credit monitoring – expect to get a much smaller check.

The response to the settlement “has been overwhelming” since it was announced last week, according to the settlement website at the Federal Trade Commission. So much so that the site is warning consumers that they will get “nowhere near […] Read more

Scammers and why you won’t get $125

Bev O’Shea, NerdWallet.com
Published 8:17 a.m. ET July 31, 2019

CLOSE

Equifax will pay at least $575 million in a settlement stemming from one of the biggest data security failures ever.
USA TODAY

Some consumers hoping to get compensation for a massive 2017 data breach at credit bureau Equifax are running into trouble: The settlement site’s eligibility tool seems glitchy, phone lines are jammed, and fake websites are trying to sucker people into […] Read more

Equifax breach: How to claim $125 in FTC settlement

If your personal data was exposed in 2017 Equifax data breach, you can file a claim now to get back money spent or lost in the breach. As part of the settlement, you may file to recover money you spent to protect yourself from identity theft and on credit monitoring following the Equifax data breach. And if you signed up for credit monitoring, you can file a claim for $125 to cover that out of pocket expense. Note that the FTC said this week that because of the overwhelming public response to the settlement, the amount of cash […] Read more

Equifax data breach: How to claim $125 in FTC settlement

If your personal data was exposed in 2017 Equifax data breach, you can file a claim now to get back money spent or lost in the breach. As part of the settlement, you may file to recover money you spent to protect yourself from identity theft and on credit monitoring following the Equifax data breach. And if you signed up for credit monitoring, you can file a claim for $125 to cover that out of pocket expense. Note that the FTC said this week that because of the overwhelming public response to the settlement, the amount of cash […] Read more

Equifax data breach: How to claim $125 right now in FTC settlement

If your personal data was exposed in 2017 Equifax data breach, you can file a claim now to get back money spent or lost in the breach. As part of the settlement, you may file to recover money you spent to protect yourself from identity theft and on credit monitoring following the Equifax data breach. And if you signed up for credit monitoring, you can file a claim for $125 to cover that out of pocket expense.

The data breach of Equifax resulted in hackers accessing personal information on the credit report […] Read more