If you read this, you – or someone you know – were probably affected by thewhich exposed 147 million people to hackers' personal information. (To verify that you were part of the violation and are therefore entitled to claim for reimbursement of costs and losses, visit the official website for data breach resolution where you enter your last name and the last six digits of your social security card If your information has been discovered in the vulnerability, you probably know that you can file a claim for reimbursement of the cost and time required to recover from the vulnerability as part of the class action lawsuit between Equifax and the Federal Trade Commission.
By Settlement allows you to file claims for multiple benefits so that you will not be prevented from receiving others by filing a claim, and you must submit it by January 22, 2020. (The FTC said that fake settlements are emerging, so be sure that you are inApply for Credit Over 125 USD or 10 Years . You might be tempted to accept the cash payment, but first consider what options you have – especially if the FTC says that due to the overwhelming response to the agreement the amount you may receive to cover the cost control may be higher is much less than $ 125.
Should you take the $ 125 or free credit monitoring?
You may submit a claim for 10 years of free credit monitoring or instead submit a payment of $ 125 if you already have a service offeringwhen applying. The following should be considered in the selection.
Option 1: Take the money after signing up for six months to monitor and keep everything that's left after six months. To claim the $ 125, you must confirm that you are using a credit monitoring service at the time your claim is submitted and keep it for six months.– or you can use a free service such as – but if you choose one of the cheaper services, you can go away with $ 60 or so. Note: The FTC announced last month that you might receive less than $ 125 due to the tremendous response to the deal.
Option 2: Sign up for a 10-year credit check and sleep better. $ 125 is a good sum. Ten years of acould add up to $ 1,200 to $ 3,600 over time. Which is a bigger sum. And the FTC strongly recommends that you choose the 10-year free monitoring of credit over cash.
The choice you make is of course entirely up to you. We can not do it for you.
If you're the type who likes to hedge your bets, it would be good to sign up for a service for six months and then request the payment. And if you're worried about identity theft and fraud at night, free 10-year surveillance may be the right choice to calm down. Whichever way you go, your choice does not preclude you from claiming for other benefits.