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$425 million Equifax Data Breach Settlement claim reviews start today

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Equifax Data Breach Settlement update released by the FTC. The settlement administrator starts examining current claims for time spent and out-of-pocket damages. How to get compensation? What is the administrator’s email? What is the compensation amount? We explained everything about the Equifax Data Breach Settlement in this article.

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Equifax Data Breach Settlement 2022

What is the Equifax Data breach settlement amount? Up to $425 million of the settlement would be used to assist those impacted by the data leak. Equifax Data Breach occurred five years ago.

On September 7, 2017, the credit reporting agency Equifax admitted that one of its computer networks had experienced a data leak that exposed the personal data of 143 million customers, which later increased to 147 million. Customers’ names, addresses, dates of birth, Social Security numbers, and credit card numbers were all contained in that data, which could be used in identity theft and other types of fraud.

$425 Million Equifax Data Breach Settlement Claim Reviews Start Today
Equifax Data Breach Settlement: Make your claim until January 22, 2024

According to the settlement terms, Equifax agreed to create a fund to offer clients free credit monitoring, identity theft protection, and cash payouts of up to $20,000 apiece to those impacted by the incident. The business must additionally pay court costs and fines from the government.

Consumers have a choice of up to $125 or free credit monitoring. You are eligible to get free credit monitoring services under the terms of the settlement. You’ll receive up to six more years of free one-bureau credit monitoring from Equifax and at least four years of credit monitoring at each of the three main agencies through Experian, as well as $1,000,000 in identity theft insurance. You are qualified for a total of 18 years of free credit monitoring if you were minor in May 2017. For detailed information, check out the FTC announcement.


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Equifax Data Breach Settlement email

The Equifax Breach Settlement Administrator, info@equifaxbreachsettlement.com, will be the source of official emails about the settlement.

The settlement administrator is now examining time and out-of-pocket loss claims. The administrator will email or write to you if more details are required for your claim. To provide additional payment choices, the settlement administrator also emails those eligible for a settlement payment.

Equifax Data Breach Settlement: How to get the compensation?

  • You must claim to be eligible for either free credit monitoring or a cash payout (or both). You can submit a claim online or by email.

Your claim for Out-of-Pocket Losses or Time Spent must be made during the “Extended Claims Period,” which runs from January 23, 2020, through January 22, 2024.

$425 Million Equifax Data Breach Settlement Claim Reviews Start Today
Equifax Data Breach Settlement: Equifax Data Breach occurred five years ago.

Equifax Data Breach Settlement amount

The Federal Trade Commission, the Consumer Financial Protection Bureau, and all 50 states and U.S. territories have reached a global settlement with Equifax. Up to $425 million of the settlement would be used to assist those impacted by the data leak.


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Equifax Data Breach Settlement payout date

Claims are due by January 22, 2024. Payout out will start after this date.

What is Equifax?

One of the three biggest consumer credit reporting companies, together with Experian and TransUnion, is Equifax Inc., an American multinational company with its headquarters in Atlanta, Georgia (together known as the “Big Three”).

Equifax gathers and combines data on more than 88 million organizations and over 800 million individual consumers worldwide. Equifax offers credit monitoring and fraud prevention services directly to individuals and provides businesses with demographic and credit data and services.

Equifax operates or has financial interests in 24 nations in the Americas, Europe, and Asia Pacific. Equifax, which has more than 10,000 employees globally and generates US$3.1 billion in yearly revenue, is listed on the NYSE under the name EFX.

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