However, you would need to contact all three of the credit reporting firms to cover all your bases. Once the freeze is in place, you have to "thaw" it -either temporarily or permanently - if you apply for credit or a loan so the bank can check your credit. This essentially blocks a lender from checking your report, which means a criminal would be unable to open an account using your personal data. If you didn't sign up for the service (or don't want to), you also can "freeze" your credit report for free, Ulzheimer said.
That could include losses from unauthorized charges to your accounts, as well as fees paid or expenses incurred as part of recovering from identity theft. 22, 2024, due to identity theft or fraud related to the data breach, according to the FTC. 22, 2020, consumers are still permitted to file a claim for expenses incurred after that date but before Jan. (Consumers who sought cash payments should visit the settlement claims administrator's website for updates, Equifax told CNBC.)Īfter implementation was delayed due to legal challenges, the settlement received final court approval last month.Īlthough the initial deadline to file a claim was Jan.
#Equifax settlement status free#
states and territories.Īs a result, consumers who were affected by the breach had the option of signing up for either up to $125 or free credit monitoring at all three of the largest credit reporting firms: Equifax, Experian and TransUnion. In the wake of Equifax's 2017 data breach, which compromised the personal information of roughly 147 million consumers - including names, birthdates and Social Security numbers - the company ended up as the target of multiple lawsuits and reached a settlement in 2019 with the FTC, the Consumer Financial Protection Bureau, and all U.S. More from Personal Finance: These scams may cost you this tax season Here are 4 ways to slash your grocery bill Inflation eroded pay by 1.7% over the past year "This is kind of the payoff … for pretty much everyone who was subject to the Equifax data breach," said John Ulzheimer, a credit expert and president of the The Ulzheimer Group in Atlanta. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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