Equifax Class Action Data Breach Settlement Payment 2025, Being one of the largest Credit Report organizations, Equifax was exposed to a big data breach in Sep.2017. This data breach affected the personal lives of people approximately 147 Million People in the US. The organization has agreed to a large settlement payment with FTC(Federal Trade Commission) and CFPB (Consumer Financial Protection Bureau).
According to this plan, the settlement will be made with FTC and CFPB in more than 50 states and Union Territories of the USA. FTC and CFPB are the key coordinators of this Equifax Data Breach Settlement Payment. The investment of Approx. $425 is expected to help over $147 million people who are affected by this Data Breach. In this article, we will delve into the important updates of the Equifax Class Action Data Breach Settlement Payment, Eligibility, and the payment dates for this settlement.
Equifax Class Action Data Breach Settlement Approved By FTC
This Equifax Data Breach Settlement was finalized in the year 2020 and the refunds will be provided through 2029 continually onwards. The last date to claim this settlement payment was scheduled on 22nd January 2024.
| Company Name | Equifax |
| Benefit Program Name | Equifax Data Breach Settlement Payments |
| Applicable Country | The United States |
| Total Funds | More than $425 Million |
| How many will get | $147 Million |
| Claim Deadline | 22nd Jan 2024 |
| Payment Date | 9th Dec. 2024 |
| Category | Finance |
| Check Eligibility | Online Lookup Tool |
| Official Website | FTC |
Equifax Data Breach Settlement Payment
Equifax Class Action Data Breach Settlement Payment is the largest try to resolve the Cybersecurity Breach in the United States. Equifax announced in September 2017 that it was experiencing the data leak of personal information of Social Security Members including their Names,
dates of birth, and payment details. Further, the settlement was finalized in 2020 by FTC and CFPB. It was a great step to provide compensation and huge data breach support to the $147 Million victims.
Equifax Big Data Breach Settlement Payment Out!
The US citizens who were affected by this Equifax Data Breach can submit their claim for compensation as a settlement for their loss. This settlement payment includes the financial assistance that will help victims recover from data leaks.
Equifax Data Leak Victims who have claimed this settlement payment by 22nd January 2024 will receive the compensation amount before 9th December 2024. The Equifax data breach settlement payment will be transferred to the bank accounts of victims through electronic prepaid cards.
How to check Equifax Data Breach Settlement Status?
For the victims who are affected by Equifax Data Leak, it is important to know the exact receivable payment depends on the terms and conditions applied during the claim submission. It also depends on the number of claim submissions. Victims can contact the email addresses to check the Equifax Data Leak Payment Status.
For more information, they can visit the official website www.EquifaxBreachSettlement.com, or call 1-833-759-2982.
Equifax Data Breach Settlement Payment Types
Candidates who were affected by this said data leak will receive the following types of compensation:
- Out-of-pocket losses
- Time Spent Claims
- Cash Benefits
Equifax Data Breach Settlement Eligibility
Free Credit Monitoring as Equifax Data Breach Settlement
As Equifax Settlement compensation, the organization is providing 4 years of free Credit Monitoring of victims’ credit monitoring and reporting agencies Equifax, Experian, and TransUnion. This is equal to the total 10 years of free credit monitoring affected by the breach. If you don’t want to get free credit monitoring benefits you can opt for other cash benefits.
Time and Cash Claim as Equifax Data Breach Settlement
If you denny for free credit monitoring you can be eligible for a refund and cash benefits up to $20,000 as the time claim that you have spent on protecting your data. You will receive $25 for 20 hours. You can get 25% of the cost of Equifax credit Monitoring prices or Data Protection Services costs from Sep 2016 to Sep 2017.
Free Identity Restoration as Equifax Data Breach Compensation
You can claim free identity theft recovery and restoration services from Equifax for 7 years if your data is misused. You can claim for this by Jan 2029 even after missing the claim deadlines.
Equifax Data Breach Settlement Online Lookup Eligibility Tool
FTC(Federal Trade Commission) offers an online lookup tool where you can check eligibility. You just have to enter the last six digits of your social security number and your last name. This tool is available for the individuals who are affected by the Equifax Class Action Data Breach.
How to Redeem Equifax Data Breach Settlement Payment Online
Equifax Data Breach Settlement payments will be issued through the Electronic Prepaid Cards and to redeem your Electronic card should visit www.myprepaidcenter.com/redeem to activate the card. Victims who have the card already can call customer care at 1-833-678-6289.
| Home Page | TMBU |
for more help. Remember the Prepaid Payment cards are deactivated in six months and can be re-activated.
Balvinder Saaga, an engineering graduate from Delhi University, has been passionately working as a content writer since 2021. Hailing from Punjab, Balvinder specializes in crafting informative and engaging content with a core focus on education and social schemes
