A major data breach at one of the three major credit reporting bureaus could get you paid for your personal information being stolen.
Equifax was hacked in 2017 and millions of Americans had their data stolen. Because of this, Equifax has reached a $700 MILLION settlement.
According to the Equifax settlment page: “in September of 2017, Equifax announced it experienced a data breach, which impacted the personal information of approximately 147 million people. A federal court is considering a proposed class action settlement submitted on July 22, 2019, that, if approved by the Court, would resolve lawsuits brought by consumers after the data breach. Equifax denies any wrongdoing, and no judgment or finding of wrongdoing has been made.” According to the settlement, you may qualify for the following:
1. Free Credit Monitoring or $125 Cash Payment. You can get free credit monitoring services. Or, if you already have credit monitoring services, you can request a $125 cash payment.
- At least 4 years of three-bureau credit monitoring, offered through Experian. You can also get up to 6 more years of free one-bureau credit monitoring through Equifax.
- If you already have credit monitoring services that will continue for at least 6 more months, you may be eligible for a cash payment of $125.
2. Other Cash Payments. You may also be eligible for the following cash payments up to $20,000 for:
- the time you spent remedying fraud, identity theft, or other misuse of your personal information caused by the data breach, or purchasing credit monitoring or freezing credit reports, up to 20 total hours at $25 per hour.
- out-of-pocket losses resulting from the data breach.
- up to 25% of the cost of Equifax credit or identity monitoring products you paid for in the year before the data breach announcement.
3. Free Identity Restoration Services: You are eligible for at least 7 years of free assisted identity restoration services to help you remedy the effects of identity theft and fraud.