Money Mondays: Consumers Who Filed a Claim for the Equifax Settlement May Not Get $125

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This post is by Bernie Carr,


A few weeks ago, I shared some information about the Equifax breach settlement.

Since then new requirements have been announced for anyone who filed a claim.

According to USA Today,

“Originally, consumers were told they could receive free credit monitoring for 10 years or up to $125.

But on July 31, the FTC warned that the payouts would be “nowhere near the $125 they could have gotten if there hadn’t been such an enormous number of claims filed.

The FTC website indicates:

“If you filed a claim before August 2, 2019, and requested the alternative compensation of up to $125, you will get an email letting you know that there are further steps you must take to get your benefits. Follow the instructions in the email. You must amend or verify your claim before October 15, 2019, or your claim may be denied.”

What you need to do

So if you were one of the millions who filed a claim, you need to check your email to see if you received an email from Equifax. Follow instructions in the email and “amend or verify” your claim before 10/15/2019.

What do you think about this? Did you get an email with instructions? Sound off in the comments below.


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  1. What if you filed after August 2nd? I got an email from equifax last week saying I was eligible and opted for the money and it’s before Oct so should I expect another email?

    1. Hi Sara, The FTC website specified people who filed before August 2nd are the ones getting an email. But just to be sure, watch for emails from Equifax and follow any new instructions.

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