consumers can get 6 free credit reports per year for 7 years from the Equifax website. You will be given instructions for how to access free identity restoration services.įree Credit Reports for All U.S. If you discover misuse of your personal information, call the settlement administrator at 1-83. For at least seven years, you can get free identity restoration services.Whether you file a claim or not, you can get: For the cost of Equifax credit monitoring and related services you had between September 7, 2016, and September 7, 2017, capped at 25 percent of the total amount you paid.If you claim more than 10 hours, you must describe the actions you took AND provide documents that show identity theft, fraud, or other misuse of your information.If you submit a claim for 10 hours or less, you must describe the actions you took and the time you spent doing those things.You can be compensated $25 per hour up to 20 hours. For the time you spent dealing with the breach.Other expenses like notary fees, document shipping fees and postage, mileage, and phone charges.Fees you paid to professionals like an accountant or attorney.The cost of freezing or unfreezing your credit report.Losses from unauthorized charges to your accounts.For expenses you paid as a result of the breach, like:.Cash Payments (capped at $20,000 per person) If you were a minor in May 2017, you are eligible for a total of 18 years of free credit monitoring.Ģ.Up to six more years of free monitoring of your Equifax credit report.At least four years of free monitoring of your credit report at all three credit bureaus (Equifax, Experian, and TransUnion) and $1,000,000 of identity theft insurance.Up to 10 years of free credit monitoring OR $125 if you decide not to enroll because you already have credit monitoring.Free Credit Monitoring and Identity Theft Protection Services In other words, the majority of adult American consumers were impacted and could be eligible to claim benefits.Īccording to the settlement terms, you can opt out of the settlement terms by Novem(which retains your rights to separately sue Equifax for claims related to the Data Breach), OR you have until Januto file a claim for the following on the official Equifax breach settlement site if you were somehow impacted: 1. The settlement includes a fund of up to $425 million to compensate those who had a time or monetary cost that resulted from the data breach. Equifax has agreed to a massive settlement with the FTC, the Consumer Financial Protection Bureau, and 50 U.S. With the fallout of the data breach, there was a big update this week that everyone should pay attention to, as there is serious cash payments involved. Because even if your identity has not been stolen yet, it’s likely just a matter of time with the amount of personal data that was compromised. If you didn’t take action to protect yourself then, you should now. And since then, Congressional legislation has made credit freezes (and thaws) free to all consumers, as a result of public outrage. I wrote extensively about how to protect yourself in light of the hack – all of which is still relevant today. driver’s licenses, passport photos) – even if you were never an Equifax customer(!!) – were all exposed. With it, names, addresses, Social Security Numbers, date of births, credit card numbers, and personal documents (i.e. Who can forget?! The personal data of 147 million Americans was breached, due to poor security measures from Equifax. Update #2: you can now sign up for the Yahoo class action settlement, which has VERY similar terms to the Equifax class action settlement.
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