Equifax Data Breach Settlement

[Bailey Guns]

As most of you know, Equifax was breached in July 2017 and the personal information of 147 million Americans was compromised. A class-action lawsuit was filed and Equifax was ordered to pay compensation.

Bottom line, here's a link to file a claim. You can choose additional years of data monitoring or you can choose a cash payment. Here's a link to see if you're eligible for the cash settlement:

FILE A CLAIM

I chose the cash payment and filed a claim for additional time spent monitoring my credit. I figured I spent, on average, about 20 mins per month for 2 years monitoring my credit for fraudulent use. That comes to an additional $200. I probably spent more time than that but have no way to document that.

All the info you need can be accessed thru the above link and associated websites.

[BushMasterBoy]

I was found ineligible. I usually end up with a check for $20 on average with these kind of suits. I researched it and the the law firms usually get millions and millions. Anybody got any Imitrex they throwing away, the .gov is making it difficult to obtain.

[Sawin]

Cool. I was affected and had to take option 1 for the monitoring service. If you already have one, it could be a $125 check to you. Not much but certainly worth a few minutes of your time.

[Big E3]

I'm getting a check. I've had Life-Lock for about 10 years so didn't need more monitoring.

[wctriumph]

I went for the monitoring, maybe something good will come of it.

[MrAK]

I?ll be getting the check as USAA provides complimentary credit monitoring.

[brutal]

Cash for me, already pay for monthly monitoring, controlling credit locks, etc. with Transunion.

I was able to add 20 lines total of those laborious 30 minute monthly monitoring sessions and did not have to provide any documentation. ;-)

[Skip]

I'm going to file.

I'm typically not the "class settlement" kind of guy but the credit agencies are really horrible in general and being reckless with the data they hold over us (our data) is beyond irritating.

ETA: I get monitoring through Citi and check the free annuals. I hope that's enough to catch anything.

[FoxtArt]

It turns out, in typical form of our justice system.....

Only 31 million is allocated towards cash paymnets, which will be reduced based on the number of claimants. So, If 30 million people file a claim (about 1/4 US adults) everyone gets a check for $1.00.
The other 480 million of the "settlement" is set aside for equifax to pay itself for your credit monitoring. So, a real settlement doesn't actually exist, and I'm sure after the expiration of the free credit monitoring they'll make a tidy bundle.

So should you select cash or monitoring? .... I don't think you could pay me enough to have equifax monitor my credit. I'm not in the practice of rewarding dipshits and understand that little actually changes.

[TRnCO]

IMO, putting a freeze on ones credit with the three credit monitoring companies makes more sense then simply monitoring ones credit. It's not that hard or time intrusive to "un" freeze your credit if buying a large item.