- #Equifax breach settlement email for free#
- #Equifax breach settlement email how to#
- #Equifax breach settlement email update#
In a statement, Equifax called the proposed settlement "a positive step for U.S. The Two-Way Equifax And Wells Fargo Apologize To Congress Lawmakers Not Buying It Those who already have credit monitoring services for at least six months can request a $125 cash payment.
#Equifax breach settlement email for free#
Under the settlement, affected consumers will be eligible for free credit monitoring.
That's in addition to the free annual credit reports that Equifax, and the two other nationwide credit reporting agencies - Experian and TransUnion - currently provide. consumers with six free credit reports each year for seven years," the FTC said. Everyone should check their credit reports annually, whether or not they have been the victim of a data breach.CFPB Director Kathleen Kraninger said the settlement includes $425 million to cover the "time and money spent to protect themselves from potential threats of identity theft or addressing incidents of identity theft as a result of the breach."Įquifax also agreed to pay $175 million to the states and $100 million to the CFPB in civil penalties.Īnd, starting in January, Equifax "will provide all U.S. Be wary of ads, emails, and social media messages for other services. A fraud alert flags your account but does not automatically halt new credit being opened in your name.ĥ.) is the only website authorized by the Federal Trade Commission to provide you with a free annual credit report. This means you cannot apply for new credit without lifting the freeze. A credit freeze will prevent anyone from accessing your credit report or scores. If you have questions, call the customer service number on your card.Ĥ.) Consider putting a credit freeze or fraud alert on your credit reports with the three major credit reporting agencies. Do NOT click on a link from an email or social media message.ģ.) If a credit card has been compromised, you will likely hear from the bank or card-issuer first. Type the company name directly into your browser. Consumers can also send an email to change their claim request.Ĭlick the link here to get help answering any of the following questions about navigating the Equifax data breach settlement offer:Ģ.) Check with the website of the company that was breached for the latest information.
#Equifax breach settlement email how to#
The settlement administrator will be sending an email to those who chose the cash option with information on how to switch to free credit monitoring if they wish. People who already submitted a claim for the alternative cash payment can change their mind.
#Equifax breach settlement email update#
Based on the response so far, those who opt to get cash would see a “very small amount” that would be “nowhere near the $125 they could have gotten if there hadn’t been such an enormous number of claims filed,” according to an update sent out by the FTC after the initial announcement of the settlement. Personal finance website NerdWallet estimated there would need to be no more than 248,000 approved claims out of the 147 million consumers affected - or less than one-fifth of 1% - for approved applicants to get the full $125. The compensation you apply for may not be what you end up with. However it’s important to keep an eye on the qualifier “up to,” and know the limitations of the settlement. All affected consumers can apply for compensation of up to $125 or get free credit monitoring.
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