A mobile phone open to the website of the Equifax Credit Bureau, with text on the site called "Equifax Cybersecurity Incident," which provides steps for consumers to take after a security breach in 2017 that affected 143 million Americans.
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I may have beaten $ 125 Friday by taking less than a minute to complete a claim form with Equifax, who has agreed to pay nearly $ 700 million to settle claims related to a massive data breach at the Consumer Credit Reporting Agency in September 201
My editor at CNBC demanded $ 125 after I told him about it, and he confirmed that he was eligible.
He did this by first entering the last name and the last six digits of his personal number on this site here: Equifax Claim Verification.
So, four of my co-political team members who are sitting away from me in the news room (which is not a problem given how high I am) – confirmed that they were among the more than 140 million people whose Equifax data was compromised.
Like a growing number of other colleagues here at CNBC, including at least one who was very skeptical of getting $ 125 would be so painless.
hour or so since I say st seriously took the opportunity for a claim, filed it and posted a newsroom, at least $ 1,625 had been claimed from Equifax by my co-workers, and that number will surely continue to grow.
What are you waiting for?
If you are willing to use the link above, here is the portal for filing a claim offered by the Federal Trade Commission – a US government agency responsible for protecting US consumers: FTC Equifax Claims.
That the government side also lists the details of the settlement and its relationship.
On Monday, Equifax joined the huge payout to determine government and federal data breach investigations. The deal, which must be approved by a judge, includes up to $ 425 million deposited specifically for the 50-plus percent of Americans affected by the breach.
Hackers got access to consumer information that included their names, Social Security numbers, birth dates, credit card numbers, and driver's license numbers.
Equifax Settlement offers claimants four types of relief: credit monitoring, loss of time for data breach, refund for financial loss and partial refund for Equifax credit monitoring that you paid for.
The maximum cash payment is $ 20,000 per person for expenses such as losses due to unauthorized fees on their accounts, the cost of freezing or freezing out their credit reports, the cost of credit monitoring, fees paid to accountants and lawyers, and other fees.
I, and an ever increasing number of CNBC workers, went the way of demanding a flat $ 125 cash payout after confirming our eligibility.
You can claim the fixed amount if you already have credit monitoring in place.
There are sites like NerdWallet where you can monitor credit for fee.
"There should be no reason not to submit, especially the basic requirement," said Jack Gillis, CEO of Consumer Federation of America.
He noted that the basic amount is probably what most consumers will file, Gillis adds.
Our claims do not necessarily mean that we get a full $ 125 a piece – even though I hope we do.
NerdWallet noted in an article this week that "there must be no more than 248,000 approved claims that of the 147 million consumers affected – or less than one-fifth of a percent – of eligible applicants get the full $ 125 . "
But even if I end up getting just a fraction of it, the very short amount of time I spent on submitting the claim would be more than justified.
The deadline for submitting claims is January 22, 2020.
The administrator appointed to oversee the settlement will not begin to distribute benefits to the claimants until they are authorized by a court that will be 23. January at the earliest.
Late for Christmas 2019, but not a bad way to start the new year.