Equifax Will Pay Up To $700 Million To Settle Investigations Over Its Data Breach. Here’s How To Claim Your Money

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If you’re among the 147 million Americans whose credit data was compromised in the 2017 Equifax data breach, read on. You may be eligible for compensation.

The Federal Trade Commission ruled Monday that credit reporting agency Equifax will have to pay up to $700 million in individual compensation and civil penalties because of the hack.

According to the commission’s online claims process, those whose personal information was exposed can get free credit monitoring for 10 years: four years via the three major credit bureaus (Equifax, Experian and TransUnion) and six years specifically through Equifax.
if you already have credit monitoring, you can choose to receive $125.

For those who had to spend time and money as a result of the breach, Equifax can provide larger sums, up to $20,000.

The deadline to exclude yourself or opt out of the settlement process is November 19, and all claims need to be filed by January 22.

To check if you were affected and sign up to file a claim visit https://www.equifaxbreachsettlement.com.

 

Read more at CNN.

{Matzav.com}

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