The credit company Equifax has reached a 700 million dollar deal with the Federal Trade Commission over the data breach of nearly 147 million Americans. In September of 2017, information was stolen from Equifax’s servers, things like social security numbers, credit card numbers and other personal information on a large scale. At the time Equifax offered a free year of credit monitoring. Since then there has been this class action lawsuit against Equifax and as a part of that lawsuit he company has agreed to a consumer restoration fund ( a fund set up to help people that were affected) which includes $425 million to help people affected by the data breach.
The FCC and Equifax has created this look-up tool to see if you were affected by the breach. If your information was at risk you then can file a claim to join the class action lawsuit. Do not look for the website by googling because I am sure there a scam website trying to steal information, so my recommendation is to use the links on this page to the official websites.
You can report a claim for:
Free Credit Monitoring and Identity Theft Protection Services
Up to 10 years of free credit monitoring OR $125 if you decide not to enroll because you already have credit monitoring. If you think Equifax owes more than $125, try to sue independently and see what that gets you.
Cash Payments (capped at $20,000 per person)
For expenses you paid as a result of the breach, like:
Losses from unauthorized charges to your accounts
The cost of freezing or unfreezing your credit report
The cost of credit monitoring
Fees you paid to professionals like an accountant or attorney
Other expenses like notary fees, document shipping fees and postage, mileage, and phone charges
For the time you spent dealing with the breach. You can be compensated $25 per hour for up to 20 hours.
If you submit a claim for 10 hours or less, you must describe the actions you took and the time you spent doing those things.
If you claim more than 10 hours, you must describe the actions you took AND provide documents that show identity theft, fraud, or other misuses of your information.
For the cost of Equifax credit monitoring and related services you had between September 7, 2016, and September 7, 2017, capped at 25 percent of the total amount you paid.