Equifax Class Action Payouts: What You Need to Know About Next Month's Payments

Equifax, one of the biggest credit reporting companies in the United States, was a victim of another major data breach in 2017. This affected the personal data of some 148 million people, including social security numbers, dates of birth, and addresses. Equifax has now decided to set aside a total of $425 million to be used for providing compensation and identity recovery services to the affected persons.

What Was the Data Breach Settlement Thing About?

In September of two years ago, hackers were able to access sensitive personal information from millions of Americans, proving it true when the matter was followed up by Equifax into the FTC, CFPB, and the attorneys general of all 50 US states.

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Finally, in the year 2020, it has brought a huge relief to all such affected people.

Total amount settled : $425 million
Services it covered : Identity theft protection and remediation services
Date of expiration : Free services would be available up to January 2029.

Just Whether This Email Is Fake-Honest Or Authentic: Any person purportedly e-mailing you to tell you that you are going to get some compensation-well, maybe that message is legit, but check it very well to make sure it’s true.

Personal salutation: The email carries your whole dear name. On a normal basis, fake emails are addressed to “Dear Customer” or similar.”
Sender Information: For emails to be considered legit, it should come from:
disturbance@equifaxbreachsettlement.com,
info@equifaxbreachsettlement.com.
Mode of Payment: The payment will be stated as going to be made using a prepaid card.

Timelines for the Settlement Process:

The following stages and deadlines are essential in the settling of the data breach:

Date	Event
September 2017	Equifax announces the data breach affecting 147 million people.
2019	A class action lawsuit is filed, leading to a settlement agreement.
2020	The settlement is finalized, including provisions for compensation and identity theft assistance.
January 2023	The deadline to file claims for compensation passed.
December 9, 2024	Expected date for the distribution of additional settlement payments via electronic prepaid cards.

Notification of a data breach: September 2017
The settlement announcement: 2020
Claim Submission Deadline: January 2023
Disbursement Begins: December 2024

Timeline of Settlement Processes

The following are the key actions and the corresponding deadlines that the settlement regarding the data breach contains:

So far, here are the notes under the arrival of DATA Breach Notice: Once More-September 2017.
Settlement in Announce 2020.
for Claims-on January 2023.
The Payout of Begins-December 2024.

What do you all have in the settlement package?

Basically, you lay a claim to two important benefits:

1 . Money prize

Money will be distributed using a prepaid electronic card.
The card will be sent to you in the second week of December 2024.

2. Identity theft protection services

The status of your claim-filing will not matter; you are just entitled to free identity theft protection services through January 2029.
First determine if you are eligible using the online tool then get it activated. Where To Find Money Using A Prepaid Card:

Here are the simple steps for using a prepaid card: To Activate: Redeem card at www.myprepaidcenter.com/redeem.

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For Customer Care: Dial 1-833-678-6289 to reach an agent.

No Activity Fee: Fees are applied on inactivity after use for six months. Use it to keep it active.

How to verify email authenticity?

Both Step 1 and Step 2 mean that even if the mail is real, one should always be careful about it.

Verify the sender’s email address: As such, emails are coming from official addresses.
Do not click the link: Visit the web site (www.equifaxbreachsettlement.com) and take up the information directly from there.
Check the name: The email must contain your full name.

Conclusion

Compensation and protection services are being provided to affected individuals under the Equifax data breach settlement. With payments starting in December 2024, make sure you receive the email from the right source. If you were unable to file a claim, you are still eligible to avail identity protection services. Be cautious and use only official websites.

Equifax Class Action Payouts: What You Need to Know About Next Month’s Payments

What Was the Data Breach Settlement Thing About?

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Finally, in the year 2020, it has brought a huge relief to all such affected people.