First thing first: Before you start spending extra money in your head, find out if you are one of the estimated 147 million Americans entitled to part of nearly $ 425 million in damages derived from Equifax's huge data breach in 2017.  This week, the credit reporting company agreed to pay $ 700 million for claims related to the hacking, which occurred after Equifax received a software update, and up to $ 425 million of the total can be claimed directly by consumers.
part is quite simple. All you have to do is enter your last name and last six digits of your social security number on a site run by the settlement administrator (not Equifax). If your personal information was told was affected by the data theft, you can file a claim.
How to make a settlement from the Equifax data break-in
It is relatively easy to do as well. You can claim damages and upload any supporting documents online at https://www.equifaxbreachsettlement.com/.rage19659002??If you would rather submit your claim, you can download and print a designated fillable form submitted and submitted with supporting documents to:
Equifax Data Breach Settlement Administrator
c / o JND Legal Administration
PO Box 91318
Seattle, WA 98111-9418
Note that claims on behalf of all who were minors May 13, 2017, must use this form and be sent via conventional mail.
How much dough will you get?
Consumers affected by the data breach are entitled to up to 10 years of free monitoring of their credit reports. You can also sign up for at least four years of monitoring services provided by Experian at no cost, or if you already have credit monitoring up and running, you can submit to be compensated for up to $ 125 in cash.
People who were injured in the cyber booklet may also claim as much as $ 20,000 in cash reimbursement for the breach related expenses. These include fees for freezing or freezing down credit reports, as well as for credit monitoring services; losses from unauthorized charges to accounts; and any payments to lawyers and accountants.
You can claim up to 20 hours of time spent dealing with the breach. The good news here is that there is no need for document backing and you can see replacement for the time you spend trying to get after identity theft (or basically avoid it) at $ 25 an hour (maximum 10 hours – – more than that, and you will need documents that back up the extra time you spend).
The settlement site contains a page with answers to frequently asked questions, from basic things like how the settlement came to how long it could take to get money (the process can take several months or more.)
The deadline for filing claims is January 22, 2020, for the most benefits, and you will not receive anything until the Settlement Administrator gets a clear signal from a court – it would be no earlier than January 23, 2020.
Would you like to follow the situation? Just sign up for email notifications from the FTC or call (833) 759-2982 for updates.