Victims of Equifax Breach Must Provide MORE Information to Validate Claim
Take action by October 15 to ensure your claim is considered!
Are you one of the millions of Americans who received an email this weekend from the Equifax breach settlement administrator? If so, you will need to take some additional steps to claim your cash payout from the credit bureau’s settlement for the massive 2017 data breach. If you fail to amend your claim by October 15, it will be denied.
Equifax and the Federal Trade Commission reached a settlement in July regarding the company’s massive data breach involving more than 140 million Americans. As a result of that agreement, anyone whose data was compromised could file a claim to receive either cash compensation or several years of free credit monitoring.
Since many victims of the breach already had credit monitoring in place, tens of millions of claimants requested the cash payout instead. In order to receive their compensation, victims had to attest that they were already using some form of credit monitoring.
If you’re one of the many people who opted for the financial compensation, you now need to provide the name of the credit monitoring service you had when you filed your claim so that your claim can be considered.
Anyone who fails to provide this information by October 15 will have their claim denied.
To validate or amend your claim, visit the settlement website and provide the name of the credit monitoring service you had when you filed your claim. You will need your claim number to get started.
This can be found at the top of the email you received over the weekend. Look for the subject line, “Your Equifax Claim: You Must Act by October 15, 2019 or Your Claim for Alternative Compensation Will Be Denied.”
If you can’t locate the email containing your claim number, you can contact the settlement administrator directly.
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It isn’t worth the claim if you took the payout anyhow. You will get a meager .31. This just proves that they probably had an overwhelming amount of people claim it. And some who falsely did.
Actually, the payout is $125
Equifax said because of the number of people that filed the amount will be significantly less than the original $125
Nope. It changed. I was in the news and on here plus in the email we received that it’s down to about 30 cents now. That’s why they are encouraging people to just get the credit monitoring. The very beginning information was 125.00 but shortly after it went live they came out with the update.
Yup, you will not get 125. It was always 125 per person up to so much money. Once it goes over that amount the 125 starts to drop drastically.
I had got my check a few weeks ago. It was almost $100.
This is not paying out yet, you may be confusing this with the BP settlement.
The more people who don’t validate their claim may end up helping those who made a valid claim and verify it. Also many are opting for the credit monitoring.
I’m not sure why they’re entitled to this information.
So, this is only for those requesting the cash payout option vs the free monitoring for 10yrs or so option?
That was my read of it.
Does credit karma count?
I read that it counts…
The way I understand it, yes Credit Karma does count.
In the FAQ section, it says free credit monitoring does not count. That’s what I have with Credit Karma. I had already submitted the claim before reading the FAQ but it should have stated this on the page they are making you fill out in my opinion. Oh well, I lost my $0.30 I guess!
Off topic: for anyone interested the Mint Mobile deal ends tonight midnight pacific time. Buy 3 months service get 3 months free. I think it was posted on here recently.
Thanks for the info. I keep putting off doing the Mint Mobile deal.
You’re welcome. The upside is if it’s purchased by midnight you still have 45 days to activate the plan according to my understanding:)
Also why would I want the company that put my information out there in the first place to monitor my credit . You had one job and you messed that up .
Because per the court if your identity gets stolen and your credit destroyed they have to insure you up to 1,000,000. There is no way around it. If you didn’t sign up for it then after January 2020 they don’t have to help you.
Jennifer that’s what I said too. They let your info get at and now we’re getting screwed again by giving us a $.30 settlement!