JND notes that you “can still access Identity Restoration Services, but will not be entitled to any other benefits provided under the Settlement. The beleaguered credit reference agency Equifax has now admitted that 694,000 customers in the UK had their. Equifax has set up a website with general information about the breach. The massive data breach affects even more UK customers than first admitted. In addition to the potential cash payment, those impacted by the breach will be eligible for at least seven years of free identity restoration services, according to JND. Equifax Data Breach Settlement Check Your Eligibility. “Regulators and plaintiffs’ lawyers have cautioned applicants that they wouldn’t get anywhere near that amount because there was just a $31 million pot of money for those payouts,“ MarketWatch said in a January 2020 story. While the initial payout for those impacted was set at $125, MarketWatch previously noted that the sum that claimants may receive could be significantly lower. Credit rating agency Equifax is to be fined £500,000 by the Information Commissioners Office (ICO) after it failed to protect the personal data. RELATED: SBA unveils new, 'borrower-friendly' forgiveness application for PPP loan recipientsĬash payments will be disbursed via check or debit card and sent to the mailing address provided in the claim. The data breach affected 15 million UK customers. Individuals can also file a claim for time they dedicated to recovering from identity theft and fraud as a result of the breach, with up to $25 being awarded per hour for a maximum of 20 hours total, the FTC noted. To file a claim, you can visit /file-a-claim. You can use the Equifax data breach settlement website to apply for up to 10. You will get your payment in the method you choseby check, prepaid card, or PayPal payment. Once you know that you can claim, the question is how much. December 2022 Important Settlement Update The settlement administrator has begun sending out payments for out-of-pocket losses, time spent claims, and other cash benefits. To find out if you qualify, you can use the tool available at /en/eligibility. You can check using this simple tool set up by Equifax. How can I find out if I’m still eligible? 47.For expenses related to identity theft or fraud as a result of the breach - including losses or charges to accounts and fees paid to professionals to help recovery from identity theft - individuals can file a claim until January 22, 2024. Cancel at any time no partial month refunds. If you have any questions about the Equifax Data Breach or which of the settlement choices you should select, WE CAN HELP! Contact our Credit/Housing Counselors at 71 ext. We monitor your Equifax credit report, provide you with alerts, and help you recover from ID theft so you can focus on living your financial best. If you fall for the scam and click on the link, you are likely winding up on a spoofed site that looks very similar to the existing Equifax settlement page. There, you are going to be exposed to a social engineering scam, trying to steal as much data as possible. If you receive a malicious email you should report it to the FTC. Under the Settlement, Equifax will pay, on a claims-made basis, up to 5.5 million into an escrow account out of which the Settlement Administrator will make. Not sure if yo ur information was exposed? Use their look-up tool to check your eligibility for a claim, not everyone’s information was compromised. If you want to file a claim, go to the legit FTC website and click on the blue “File a Claim” button. When you click on the links, you wind up on a fake website where they will try to steal your personal information. Alternatively, if you verify that you already have a credit monitoring service that you will keep for at least one year, you may submit a claim for a cash. Internet bad guys are now sending phishing attacks that look like they come from Equifax. ALERT: Well, that didn’t take long! The Equifax Data Breach settlement gives those affected a choice between free credit monitoring or a $125 payment. The Equifax Data Breach settlement gives those affected a choice between free credit monitoring or a 125 payment.
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