Sorry, You are not getting $125 from the Equifax settlement.
Most people remember the 2017 data breach that happened to Equifax – If you don’t, you were probably affected. Over 147 million people had their information compromised during that breach. Well, there was a settlement announced last week and there may not be much to get from the settlement. Equifax was required to pay $700 million in the settlement and each person could have received $125 to do with what they wanted. Well, if you do the quick math, $700 million divided by 147 million affected people equals about $5 per person, not the $125 stated in the claim. With the already enormous amounts of claims filed, the recommendation is to take the free credit monitoring service as an alternative. You will be entitled to 4 years of free credit monitoring and identity protection. 08.02.19