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.

[bgill]

there’s only room for 248,000 people to get that amount.

That number likely signed up in the first half hour.

[Hot Tabasco]

If nothing happened to your credit do you still qualify?

Yes, if your info was compromised. You can find out by clicking on the link in post 2

[newzjunkey]

Your data is probably already in the wild because of the breech.

[bgill]

I’m an illegal alien with 9 SSN. Can I apply for all of them or is there a limit? I heard obamy claimed all 12 of his.

[Daffynition]

I saw that; I have my doubts that this *party* can be trusted w/ all that personal info.

No thanks.

[LaMudBug]

Thanks for posting this article, even if from CNN. Checked and found my data breached, no cash loss that I know of, sign I chose the 7 yr option.

[SkyDancer]

I did and I was - $125 coming in the mail -— cool.

[spacejunkie2001]

http://freerepublic.com/focus/f-chat/3767144/posts

this says not everyone qualified will be paid or will be paid the entire $125

[Daffynition]

**You can find out by clicking on the link in post 2**

I’ll bet 100% of people are being told they were compromised; and will be getting spam emails for the rest of their lives from this 3rd party.

[GrandJediMasterYoda]

I had NO idea about this!!

[Concentrate]

AFAIK, all three. Then there are 2 or 3 more whose names I can’t remember.

If some steals your identity, just.....

[ctdonath2]

You can only claim money if you can document damages to wit mitigation costs spent exceeding 10 hours.

Hence the popularity of class actin suits: lawyer gets a large fraction of a large total for starters, then keeps everything not claimed by mostly ignorant class members.

[Hot Tabasco]

$125 coming in the mail -— cool.

Most likely not that amount and by the time you do get a check next year, you will have forgotten all about it.......LOL!

[LeoTDB69]

UP TO $125. Quite likely you will never see the $125. If more than 248,000 of the 147 million people affected sign up, the price drops. It says if all 147 million were to sign up for the settlement the $125 drops to 21 cents each.

Considering AOC already tweeted out about getting your Equifax “free money”...well

https://www.theverge.com/2019/7/26/8932398/equifax-settlement-125-claim-wont-get-money-alternative-reimbursement-compensation

[Hot Tabasco]

I’ll bet 100% of people are being told they were compromised;

Then you would be 100% wrong. See post #19

[SkyDancer]

Happened before - got a check from BankAmerica for ninety-eight cents after about a year; never knew what it was for.

[LeoTDB69]

“got a check from BankAmerica for ninety-eight cents after about a year; never knew what it was for.”

Ah thanks. I got one for $1.09 once and just realized what it was for. Thanks Optigrab.

https://www.youtube.com/watch?v=E3x24oA9sI8

[Hot Tabasco]

You can also check with your state treasury dept. and see if they have any monies turned over to them in your name.

A bunch of years ago I checked with my state and discovered they had $750 for me. I have no idea where it came from......It may have been a savings account I forgot about when I left northern Michigan for the Army in 1969 and never returned and the bank gave the funds to the state.

[Blood of Tyrants]

You only get the $125 is you already have credit monitoring. At least that’s how I read it.

[Captain Compassion]

There is that. (frowney face)