Equifax wants you to jump through more hoops to get your $125 data breach settlement
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
If you got an email recently with a long subject line, you might have disregarded it as spam or promotion. But if you filed a claim with Equifax for your share of a data breach settlement, you’ll want to pay attention.
The company is making consumers jump through even more hoops, by sending sternly-worded emails to those who have already filed claims.
Now, instead of simply filing the claim and waiting for compensation, customers must verify that they have some form of credit monitoring or protection in place and will continue to have it in place for a minimum of six months from the date of filing.
In order to still receive your settlement, you must either verify or amend your claim by Oct. 15, or your claim will be denied. Equifax is requiring customers to provide the name of the credit monitoring service at the time of filing. The company also said customers can amend filed claims to request free credit monitoring instead of cash.
There have been several reports that suggest that people who filed to collect $125 from Equifax won’t actually receive the full amount. Just $31 million has been set aside for reimbursements for alternative credit monitoring, according to CNN.
In July, the company agreed to a “global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau and 50 U.S. states and territories.”
In 2017, Equifax disclosed that hackers accessed sensitive data for 143 million Americans including names, Social Security numbers, birth dates, addresses, driver’s licenses, credit card numbers, email addresses and phone numbers. The number of affected Americans was later increased by another 2.5 million, and then increased again by another 1.5 million to 147 million.
Featured photo by Smith Collection/Gado/Getty Images
Welcome to The Points Guy!
Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.
With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.
- Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
- Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
- Earn 3X Miles on Delta purchases and purchases made directly with hotels.
- Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
- Earn 1X Miles on all other eligible purchases.
- Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
- Enjoy your first checked bag free on Delta flights.
- Fee Credit for Global Entry or TSA Pre✓®.
- Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
- No Foreign Transaction Fees.
- $250 Annual Fee.
- Terms Apply.
- See Rates & Fees