![]() But if two million people claim the cash, each payout would be just $15.50. That means no more than 248,000 people would be able to claim a cash settlement and still wind up with $125 each. For instructions on how to get the free identity restoration services, call the settlement administrator at 83. Reimbursement for Attested Time: The Settlement Fund will be used to reimburse Settlement Class Members for time spent remedying issues related to the Data. The administrator will not call you about the settlement, but you can reach the administrator by phone at 1-83. Legitimate emails about this settlement will come from Equifax Breach Settlement Administrator or. But there’s a fixed amount set aside for this part of the settlement-a mere $31 million total was meant to be divided among claimants. Your activation code will not work after this date. Equifax breach settlement email: What to know about the upcoming payme Five years after a massive breach, affected consumers are finally receiving new information. According to the agency, millions of people have visited their page about the settlement in just the week since the claims portal went up. The problem, the FTC spells out, is simply that too many people have already chosen the cash. According to the company, the settlement ends the lawsuit brought against it by consumers impacted by the data breach from September 2017. Circuit Court of Appeals decision affirming approval of the 380.5 million Equifax data breach settlement. Mega credit monitoring service Equifax says it has reached a class action settlement after a 2017 breach, which impacted the personal information of approximately 147 million people. you will be disappointed with the amount you receive,” and that “the free credit monitoring provides a much better value.” For class action plaintiffs lawyers, there’s a whole lot to like about the 11th U.S. Equifax is set to pay out as much as 700 million in a settlement after millions of people’s data including in Canada was breached in 2017, reports said Friday. The FTC goes on the explain that, while “you can still choose the cash option. ![]() But the FTC’s information page about the settlement now emphasizes that all victims should take the offer of up to 10 years of free credit monitoring instead. ![]() The settlement has been widely trumpeted as offering a $125 cash payout to victims of the September 2017 hack who already have credit monitoring service. Instead of requesting a cash payout, the FTC is now encouraging claimants to choose free credit monitoring services, in exchange for joining the settlement and dropping their legal claims against Equifax.
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