The September 201
Well, revenge anyway in the form of a cash payment. Equifax has recently closed a $ 650 million settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 US states and territories, of which up to $ 425 million has been reserved for consumers.
Ideally, anyone affected by the Equifax injury will get a $ 125 payout for their problems. If that sounds too good to be true, it could be. As the FTC wrote in a Wednesday blog post, "the public response to the deal was overwhelming," so the money pot available to the victims diminished with each demand. The agency therefore recommends that you choose 10 years of free credit monitoring instead of cash.
"The pot of money [for cash payouts] is $ 31 million, and a large number of demands for cash instead of credit monitoring mean only one thing: every person who uses the money option gets only a small amount of money. [It will be ] Nowhere near the $ 125 they could have gotten if not so many claims had been filed. "
It could be argued that Equifax may have to spend more on this cash pot, but we're just modest hack victims , So what do we know? So, file a lawsuit and get your Equifax money.