This week, we got some HUGE news in the world of credit reporting, as credit reporting giant Equifax settled a massive suit brought by the FTC as part of their 2017 data breach. As part of the terms of this settlement, a record number of consumers may be eligible for financial compensation.

This is very real and you may be able to file your claim in 5 minutes or less for at least $125 – or much more.

Have you claimed your Equifax settlement money yet?

Here are 10 things you need to know about the Equifax settlement payout:

1. As part of an FTC ruling, Equifax has agreed to pay up to $700 million to settle their 2017 data breach that exposed personal financial information of about 147 million Americans – the largest restitution settlement of its kind ever.

2. Almost $400 million of that is earmarked for a Consumer Restitution Fund.

3. The $700M Equifax payout offers compensation to consumers affected by their 2017 data breach.

4. Consumers eligible for payouts from the settlement could automatically receive $125,
up to $400, or free credit monitoring for 10 years.

5. While $125 is base compensation, you can apply to receive up to $400 if the data breach caused you time, energy, money, or other financial detriment.

6. Instead of cash compensation, you can choose to receive 10 years of free credit monitoring for your Experian, TransUnion and Equifax credit reports by an independent third-party credit protection service.

7. To receive your Equifax settlement payout, the first step is to see if you’re eligible at https://eligibility.equifaxbreachsettlement.com/en/eligibility

8. If you’re eligible to receive compensation from the Equifax settlement go to the link above to file your claim at https://www.equifaxbreachsettlement.com

9. You can also file your claim by mail. Simply call 1-833-759-2982 or email [email protected] to have your claim form mailed to you.

10. You haven’t filed your Equifax settlement payout claim yet? Don’t panic! You have until January 22, 2020, to do so.

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If you need help, guidance, or any other advice, just call (877) 577-7496 or email [email protected] if you need help!