What happens if you don't claim your $125 Equifax money? You lose it

CNN Business ^ | July 27, 2019 | Ryan Prior

[Innovative]

On Monday, Equifax settled with the US Federal Trade Commission over its 2017 data breach, which affected 147 million Americans.

The settlement of up to $700 million includes as much as $425 million for individual compensation. With so many Americans affected, it's very likely you could qualify for some form of compensation as a result of the settlement.

And with so many names, addresses, birthdates and Social Security numbers leaked, you could still be at long-term risk for identity theft.

[Innovative]

This is important. Read next post for the link.

[Innovative]

Go to:

https://www.equifaxbreachsettlement.com/

To check if you were affected and claim your settlement amount, if you were.

[Puppage]

I chose the credit monitoring. It’s worth a whole lot more than $125.

[Hot Tabasco]

Thanks for the information. It appears I was and I can file a claim.

[Hang'emAll]

I have documents of my efforts to prevent id theft due to them.

I dinged them for 15 hours at $25/hr yesterday.

[cherry]

how do you know you’re part of the class action?

[bgill]

Third party wants my info for measly $125? No thanks.

[GrandJediMasterYoda]

Me too! What the hell? What does this mean, someone has my SS# to steal my ID??

[Innovative]

Yes, credit monitoring is important and you are correct, it is definitely worth having it. I have it as well.

There are so many evil scoundrels out there, that we need all the help we can get.

[Captain Compassion]

I don’t know about this. They ask for the last 6 digits of the SSN. These are important. If someone knows your last 6 digits and where you were born or grew up the first three digits are easy to figure out. Ain’t worth it to check. I’m just sayin’.

[moovova]

What a friggin’ scam.

4 years of 3-bureau monitoring, followed by 6 years of 1-bureau monitoring.

OR $125. Whoopee.

Consequences of their ineptitude could last a lifetime, so free lifetime credit monitoring should’ve been giving right from the get-go. With a $10,000 payment to each person affected (to show the axxwypes we’re serious).

Is the female CEO still there? You know, the one with a degree in MUSIC?!

[Reno89519]

Already get it free via credit cards and banks. Plus, already offered it via compromised data with federal government and other companies over the past few years. About time we get money compensation, even if only $125. Just like the proposed Facebook fine, these amounts are nothing to these companies. Should be $1,000 to $10,000 per person to put a bite into Equifax. Besides, these companies should be paying us for the use of our data.

[AnotherUnixGeek]

I chose the credit monitoring. It’s worth a whole lot more than $125.

Since six years of the credit monitoring are provided by Equifax, the same company that leaked millions of names, SSNs, addresses, birthdates and income amounts, it's questionable how much it's worth.

I'm also affected, and now I get to spend the rest of my life knowing that I (along with the other 147 million people whose info Equifax insisted on collecting but couldn't bother to secure) am at a heightened risk of identity theft and credit fraud. Names, social security numbers, addresses, birthdates, employers and income levels - all out there, all available for anyone who wants to pretend to me, or you, or anyone else affected. And to remedy the situation, we can each either take $125 or 6 years of worthless credit monitoring by the colossally incompetent corporation which leaked our info in the first place.

This is a national disgrace. Equifax's executives should be on trial facing lengthy prison sentences. And the company should be scattered to the winds.

[Bon mots]

Thanks for posting that. I was affected and so filed a claim!

[Innovative]

Equifax is a reputable credit monitoring agency.

One of the three major ones.
The other two are Experian and Transunion.

This is where banks and businesses check your credit.

[gunsequalfreedom]

I believe you can double the amount if you itemize your expenses in dealing with this breach.

[GrandJediMasterYoda]

Did they say your name is on the list? They said that to me as well. Yeah this smells, I dont trust anything having to do with money on the net.

[Innovative]

The settlement of up to $700 million.

That is significant. I hope it doesn’t drive them into bankruptcy.

[Abby4116]

Mine was not on the list. Nor my late husband’s.

[Puppage]

I don’t disagree.