Equifax settlement

Equifax Data Breach Settlement

You could be affected by a class action lawsuit against Equifax involving the reporting of certain public record information on Equifax credit reports. Equifax agreed to settle litigation claiming it included inaccurate information about the disposition or description of tax liens and civil judgments on its credit reports. Equifax denies that it did anything wrong. You may have received a summary notice of this lawsuit by publication. The full notice is available by viewing the Long Form Notice. Please read the Notice carefully, as it explains the lawsuit and your legal rights. They are not permitted to answer your questions. September 13, at p. Equifax will stop reporting civil judgments and tax liens for a period of time. You will not release your individual claims unless you accept a payment from Equifax, but you will not be able to sue Equifax on a class action basis for the claims at issue in the Settlement. Click here for more information on doing nothing. Objections to the proposed Settlement must be submitted by September 6, Click here for more information on objecting the Settlement. If you choose to accept the payment, you will be required to sign a release of claims against Equifax. Click here for more information on the ADR Program. If the Settlement is approved, you will benefit from the proposed Settlement. You can write to the Court about why you do not like the proposed Settlement.

Equifax Might Owe You $125. Here's How to Get It

Skip navigation. In September ofEquifax announced a data breach that exposed the personal information of million people. The initial deadline to file a claim in the Equifax settlement was January 22, After January 22,you can still file a claim for expenses you incur between January 23,and January 22,as a result of identity theft or fraud related to the breach, such as:. You also can file a claim for the time you spent recovering from identity theft or fraud between January 23,and January 22, There are limited funds available so your claim may be reduced. Free Help Recovering from Identity Theft. Once the court allows the start of this benefit, for a period of at least seven years, you will be able to get free identity restoration services if you discover misuse of your personal information. We will update this website when this benefit becomes available. Free Credit Reports for All U. All U. The settlement administrator will not send out any benefits until they have reviewed and validated claims and are allowed to do so by the court. For free credit monitoring, you will get an activation code with instructions by email. For cash payments, you will get either a check or debit card depending on which option you chose when you filed your claim. It will be sent to the mailing address that you provided. We will update this website when free identity restoration services become available. Equifax is one of three national credit bureaus. These companies collect information about your credit history, such as how many credit cards you have, how much money you owe, and how you pay your bills. Each company creates a credit report about you, and then sells this report to businesses who are deciding whether to give you credit. You cannot opt out of this data collection. Use this look-up tool to see if you were affected by the breach. For more information, visit www.

Equifax to Pay at Least $650 Million in Largest-Ever Data Breach Settlement

If you're one of the million people in the United States affected by the egregious Equifax credit bureau hack inyou were probably resigned to getting some free credit monitoring out of it and moving on. But nearly two years later, attorneys general from 50 US states and territories, the Federal Trade Commission, and the Consumer Financial Protection Bureau finally have your back. Sort of. Here's how to make sure you get yours. Of course, it's tough to see how a payout that can maybe cover an IKEA dresser or a month of your wireless bill is adequate compensation for the loss of vital personal data, including Social Security numbers. But it's all that most victims can collect. Read on for more about possible additional payouts if you've suffered proximal damages as a result of the breach. But in the spirit of "it's better than nothing," here's how to collect your little Equifax windfall. The two crucial websites for this are the Equifax settlement website and the FTC Equifax settlement information site. You can use the former to check whether you're eligible for benefits from the settlement in the first place. You'll need to enter your last name and the last six digits of your Social Security number, which is probably not information you want to be entering on an Equifax-related website, but here we are. If you already know that you're eligible, meaning your data was stolen in the breach, you can skip this step and start considering your options. File your claim hereor use this form to file by mail. People who were minors when the data was stolen can use this form. But which to choose? There's a decent chance that you already have free credit monitoring from other incidents, such as last fall's Marriott breach. But if you don't, it's genuinely worth considering going that route and leaving the cash, so you'll have the assurance that the monitoring is in place for a number of years. Just make sure to read the fine print! The settlement specifically allows for "at least four years of free monitoring of your credit report at all three credit bureaus Equifax, Experian, and TransUnion " and then "up to six more years of free monitoring of your Equifax credit report. This unfortunately could actually come in handy, given that Social Security numbers taken from Equifax are starting to show up on the dark web, and consumers have already suffered identity theft related to the breach, according to Pennsylvania attorney general Josh Shapiro. Equifax disputes that any of the data has been spotted in circulation, though. Safe to assume that the company will try to deny these claims wherever possible, though, so make sure you submit as much information as you can, like a police report, bank letter, or IRS statement about what happened. One other thing to note is that these benefits stem from a massive class action against Equifax, meaning that if you are considering bringing suit separately over damages caused by the breach, don't cash in as part of this settlement. For most people, though, this is the easiest and best way to receive some type of compensation from Equifax and make the company pay as much as possible for its unfortunate and numerous! She previously worked as a technology reporter at Slate magazine and was the staff writer for Future Tense, a publication and project of Slate, the New America Foundation, and Arizona State University. Read more. Senior Writer Twitter. Featured Video.

Equifax $700 million data breach settlement: How will it impact you?

Despite the anger, the vast majority of the million consumers eligible for the settlement are sitting it out. As of Dec. It was also the initial deadline to seek payment for time spent dealing with the inconvenience, and for claims for out-of-pocket expenses or losses incurred because of the breach. In some ways, the initial settlement period was a success: According to a court documentthe fund is expected to pay in full all legitimate claims for out-of-pocket losses. More than 4. The free credit monitoring services, the commission said, provided a much better value. About 3. Of those, 2. Roughly 1. And nearlymade claims for out-of-pocket losses. If there is still money in the consumer fund after making all initial payments, there will be an extended claims period through Jan. That would cover people who incurred out-of-pocket losses within that time frame, and would provide compensation for some of the time spent dealing with the breach. Those claims would be paid on a first-come, first-served basis. And if there is still money left over after that, it will be spread out among those who have filed claims, including through additional cash payments and additional credit monitoring services, according to the settlement documents. The Equifax breach touched a nerve because the vast amount of sensitive consumer data the company collects comes from third parties like banks and other companies — and individuals have no way to opt out. The reports created by Equifax — and two other consumer credit bureaus, Experian and TransUnion — are used to calculate credit scores, the three-digit numbers that banks, insurers, lenders and others often use to make life-altering decisions. The breach illustrated how a central piece of the financial system has fallen through the regulatory cracks, despite the crucial data it handles. Not all consumers whose data Equifax collects were affected by the breach, however. A website set up by the firm that administers claims, equifaxbreachsettlement. Jack Begg contributed research.

If you want to claim $125 from the Equifax data breach, you have more work to do

Earlier this week, we told you that roughly half the people in the country can get benefits under a settlement that the FTC and others reached with Equifax. Now, you can now find out if you were affected by the September breach and make your claim for benefits. Start at ftc. There, you can use a tool to find out if your information — like your Social Security number SSN — was exposed in the breach, learn about benefits, and start your claim to get free credit monitoring and maybe even cash. If your info was exposed in the breach, the settlement will give you up to 10 years of free credit monitoring. So if somebody has, say, your SSN and tries to use it to get a loan, this free credit monitoring service would let you know right away. And a word on the cash: there are several ways to get reimbursed for the time or money you spent dealing with the after-effects of the breach. Read more at ftc. To get paid back for up to ten hours of your time, you just need to say what you were doing for those ten hours. Check out ftc. I don't think credit monitoring alone is enough. How do I know I won't have to deal with some problems 4 years from now after the monitoring time has expired? An 6 additional years of monitoring by the people who couldn't protect our information in the first place is worthless and probably builds up their business more than it helps the consumer. Go to www. Even if you do not file a claim, you can get free help recovering from identity theft. For at least seven years, you can get free identity restoration services. If you discover misuse of your personal information, call the settlement administrator at You will be given instructions for how to access free identity restoration services. When you say breach do you mean data was exposed? Or the credit agency reported an event on your credit report while frozen?

Understanding the Equifax Data Breach Settlement

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