If you were one of the 147 million individuals affected by the Equifax data breach you are now eligible to submit a claim. In 2017, Equifax had the largest data breach in history. On July 22, 2019, the Federal Trade Commission stated Equifax had agreed to pay at least $575 million up to $700 million to help compensate victims of hackers who stole personal information from the Equifax servers. The complete release can be found here.
How to find out if you were affected in the breach:
Follow the link to see if you were affected by the breach. If you were Equifax is offering 10 years free creditor monitoring or if you already have credit monitoring you can choose to receive a $125 check. Additionally, Equifax is offering further compensation, up to 20,000, to those who have 1. had to spend time recovering from the breach or 2. If you lost or spent money because of the breach. If you have lost 10 hours or less you can be compensated for 25 per hour lost. Beyond ten hours individuals will have to show the appropriate documentation to prove the loss of time and or money. You can click here for the link to file your claim. The deadline to file is January 22, 2020.