![]() Sarah Min of CBS MoneyWatch contributed to this report. The settlement site includes a page with answers to frequently asked questions, from basics like how the settlement came about to how long it could take to get your money (the process could take several months or more). To keep on top of the situation, just sign up for email alerts from the FTC or call (833) 759-2982 for updates. ![]() 22, 2020, for most benefits, and you won't receive anything until the settlement administrator gets the go-ahead from a court - that would be Jan. What is the deadline for filing your claim? After a data breach in 2017 exposed personal data of more than 147 million consumers, including in some cases Social Security and driver's license numbers, credit bureau Equifax agreed to pay. If it is exhausted, payouts will be reduced proportionally. NerdWallet notes there is another $31 million bucket of money to cover claims for time spent. You must certify that you are being truthful.Īgain, notice the words "up to" for the hourly reimbursement offer. The good news here is that backing documents aren't required, and you could see compensation for time you spend trying to recover from identity theft (or avoid it in the first place) of $25 an hour (up a maximum of 10 hours - more than that and you will need documents backing up your additional time spent). ![]() You can make a claim for up to 20 hours of time spent dealing with the breach. Under a settlement filed today, Equifax agreed to spend up to 425 million to help people affected by the data breach. But, as people quickly realized, the payments. Those include fees to freeze or unfreeze credit reports, as well as for credit-monitoring services losses from unauthorized charges to accounts and any payments to lawyers and or accountants. Equifax started distributing settlement payments Monday to US consumers whose data was breached as a part of the 2017 Equifax Data Breach. People who were harmed in the cybertheft can also claim as much as $20,000 in cash reimbursement for expenses related to the breach. A settlement has been proposed to resolve lawsuits against Equifax Inc. What about money to reimburse hack expenses?
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