How to get even more money from Equifax after a data breach

To date, you have probably heard about the FTC for its huge success in 2017. The information regarding the refund, a cash payment of $ 125 (or 10 years of free credit monitoring services) on the 150 million people affected, were quickly disseminated. Alexandria Ocasio-Cortez same about that.

However, if you only ask for $ 125, you do not ask for enough. If you have spent hours managing the benefits, you should at least ask $ 375.

When filing at the, consumers can choose to claim $ 25 an hour, up to 20 hours, for the time spent managing the fallout of the violation. This is in addition to the $ 125. If a person does not claim more than 10 hours, no document proving the theft of identity or fraud is necessary. They just need to describe what actions they took and how much time was spent dealing with the violation. It's $ 250!

I'm not telling you to make up for the time. If you are one of the 147 million people affected, you should take the time to monitor your credit, check your security with your various financial services accounts, keep abad of the violation and protect yourself from theft. identity fraud. It takes time – at least 10 hours undocumented.

Hackers have access to names, addresses, social security numbers, credit card numbers, driver's licenses, birthdays and other private information. The purpose of the hacking and the reason why the violated data has been or will be used remains largely a.

As a result of the settlement gap reaching $ 700 million, the media began to cover a $ 125 disbursement detail known as "Alternative Redemption Compensation", which wiped out some of the hopes and dreams of investors. easy control by Equifax.

"If there are more than $ 31 million in replacement refund claims, all replacement refund payments will be reduced and distributed on a proportionate basis," states the .

As Mashable pointed out earlier, "if each of the 147 million people affected by the data breach opted for a cash payment, each person would receive $ 0.21 each. If only one million people go for money, you get $ 31 each. "

If you are not a type of game, Mashable recommended that consumers consider waiving the $ 125 for 10 years of free credit monitoring. (Of the total regulations, only $ 425 million has been set aside to specifically pay for consumer refunds.)

The same funding pool is valid for the time spent on repayment.

"If there are more than $ 31 million in claims for time spent during the initial claim period, all payments for time spent will be reduced and distributed on a proportionate basis," the regulation says.

Any remaining amount of the Equifax Consumer Repair Fund, worth $ 425 million at the end of the claim periods (January 22, 2020 for current losses and elapsed time and January 22, 2024 for an extension) will be used to lift the $ 31 million "alternative repayment "Time spent" Fund. The money would then be distributed proportionally among those who filed claims.

It is possible that you receive money from Equifax. For the moment, everyone guesses how much. Just make sure you maximize your disbursement by depositing everything you can in your application.

The Equifax Data Violations Refund System: It's like Vegas.