قالب وردپرس درنا توس
Home / Tips and Tricks / Equifax Settlement owes you $ 125, but free credit monitoring might be the better deal

Equifax Settlement owes you $ 125, but free credit monitoring might be the better deal



  dollars-money-6

Angela Lang / CNET

If you're reading this, you – or someone you know – have probably been affected by the Equifax data breach of 201

7 which exposed 147 million people to hackers' personal information. (To verify that you were part of the breach and are therefore entitled to claim for reimbursement of losses and expenses, 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 found in the vulnerability, you probably know that you can claim reimbursement of the costs and time it takes to repair the vulnerability as part of the class action lawsuit between Equifax and the Federal Trade Commission. Break.

Settlement allows you to file claims for multiple benefits so that you will not be prevented from receiving other benefits by filing a claim and you have until 22 January 2020 to submit the documents.

While the other claims, the You can apply for, uncom pledged, you have the choice: Apply for a loan over 125 USD or 10 years . You may be tempted to accept cash, but first consider what options you have.


Now Playing:
Watching:

Equifax Injury: Find out if you're part of the …



1:33

Should you take the $ 125 or free credit check?

You can file a claim for 10 years of free credit monitoring or, instead, apply for a $ 125 payment if you already have a service that performs credit monitoring when you apply for it. The following should be considered in the selection.

Option 1: Take the money after six months of surveillance and keep everything that is left after six months. To claim the $ 125 you must confirm that you are using a credit monitoring service at the time of submitting your claim and keeping it for six months. Credit inquiry services can cost $ 10 to $ 30 per month – or you can use a free service such as Credit Karma – but if you choose one of the cheaper services, you can go away with $ 60 or so.

Option 2: Sign up for 10 years of credit monitoring and sleep better. $ 125 is a good sum. Ten years of a credit monitoring service could add up to $ 1,200 to $ 3,600 over time. Which is a bigger sum.

Of course, the choice you make is entirely up to you. We can not do it for you.

If you are the type who would like to hedge your bets, it would be good to sign up for a service for six months and then request 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.


Source link