Equifax Settlement Fund Running Out
Overwhelming claim response has guaranteed no one will receive the full settlement amount of $125.
As noted on the FTC’s case proceedings notification page, Equifax’s settlement fund will run out much sooner than the January 2020 deadline.
The public response to the settlement has been overwhelming. Millions of people have visited this site in just the first week. Because the total amount available for these alternative payments is $31 million, each person who takes the money option is going to get a very small amount. Nowhere near the $125 they could have gotten if there hadn’t been such an enormous number of claims filed.
For Equifax’s gross negligence of handling your SSN (and other PII data), you’re likely to get much less than the original pittance of $125. You can also opt for the free credit monitoring from the three credit bureaus, which doesn’t include the additional 6 years of monitoring from Equifax. Yes, the same Equifax that couldn’t protect your data in the first place, and who consequently waited to report on the data breach after a few of their executives could cash out of their company stocks.
The official link to file a claim is below.
