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Equifax data breach: Pick free credit monitoring

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Just last week, the FTC and others reached a settlement with Equifax about its September 2017 data breach that exposed personal information of 147 million people. We’ve told you to go to ftc.gov/Equifax, where you can find out if your information was exposed and learn how to file a claim with the company in charge of the claims process.

The public response to the settlement has been overwhelming, and we’re delighted that millions of people have visited ftc.gov/Equifax and gone on to the settlement website’s claims form.

But there’s a downside to this unexpected number of claims. First, though, the good: all 147 million people can ask for and get free credit monitoring. There’s also the option for people who certify that they already have credit monitoring to claim up to $125 instead. But the pot of money that pays for that part of the settlement is $31 million. A large number of claims for cash instead of credit monitoring means only one thing: each person who takes the money option will wind up only getting a small amount of money. Nowhere near the $125 they could have gotten if there hadn’t been such an enormous number of claims filed.

So, if you haven’t submitted your claim yet, think about opting for the free credit monitoring instead. Frankly, the free credit monitoring is worth a lot more – the market value would be hundreds of dollars a year. And this monitoring service is probably stronger and more helpful than any you may have already, because it monitors your credit report at all three nationwide credit reporting agencies, and it comes with up to $1 million in identity theft insurance and individualized identity restoration services.

For those who have already submitted claims for this cash payment, look for an email from the settlement administrator. They’ll be asking you for the name of the credit monitoring service you already have. Or, if you want to change your mind, you’ll have a chance to switch to the free credit monitoring. The email from the settlement administrator will tell you what to do next, in either case. And the settlement administrator has said that the claims website will soon be updated with that information, too.

Please also note that there is still money available under the settlement to reimburse people for what they paid out of their pocket to recover from the breach. Say you had to pay for your own credit freezes after the breach, or you hired someone to help you deal with identity theft. The settlement has a larger pool of money for just those people. If you’re one of them, use your documents to submit your claim.

This blog post was clarified on August 1, 2019.

Comments

So you’re telling me my own two options are to subscribe to MORE free credit monitoring (which I already have from other data breaches) or a measly cash payment which is now less than $125 because of popularity? The money set aside for cash payment claims is laughably inadequate.
Did the FTC not think that the millions affected by multiple data breaches would not need the credit monitoring because they already subscribed to it? Is my credit and personal data a joke to you people at the FTC?

If your information was exposed in the Equifax breach, you can file a claim for up to 10 years of free credit monitoring; up to 10 years of identity theft protection services; cash payments capped at $20,000 per person for expenses you paid as a result of the breach, time you spent dealing with the breach, and for the cost of Equifax credit monitoring and related services you had in a specific time period. Learn about the benefits available at www.FTC.gov/Equifax.

You know what I find ridiculous?, my mortgage was paid off and account would naturally be closed and paid off a judgement and they reduced my credit score by 8 Pts!!!! Instead of increasing it by 20 pts. Plus Someone opened an account in my name from the breach and they aren't taking responsibility by fixing that! This credit score crap is a racket like everything else to make money at people's expense.

You can report identity theft at www.IdentityTheft.gov. Report the details of someone opening an account in your name and complete an FTC Identity Theft Report. Your FTC Identity Theft Report helps prove to businesses that someone stole your identity, and makes it easier to correct problems caused by identity theft.

I signed up for equafax's free one year credit monitoring but never received any confirmation. However, Equafax is quick to promote its credit monitoring service for a fee. Consumer complaint resulted without any action.

I Signed Up For The Free Cree Credit Monitoring But I Have Not Had A Word Of Comfirmation That They Are Going Too Provide That They Can Get Careless with our Information It Don’t hurt Them They Get Off

Is there a way to verify my credit monitoring request has been received. I have not received any confirmation?

i want to know if i'm getting my income tax money they took from me because i have a debt to the irs because i have identity theft since 2016 and the person who is using my social security number to work and hes making alot of income and they say that i have to pay like $20,000 ..what can i do ?

I have a question about the $1 million identity theft insurance. How long does this last?

The FTC has information about the settlement at www.FTC.gov/Equifax. The page says you can file a claim for Up to 10 years of free credit monitoring, including:

  • At least four years of free monitoring of your credit report at all three credit bureaus (Equifax, Experian, and TransUnion) and $1,000,000 of identity theft insurance.

Figures that a Corporation like this will only get a slap on the hand and not really suffer any consquences. Why would you want them to monitor your credit? That's laughable. Should we be surprised? NO

I was contacted about my information may have been data breach

My 2 year credit monitoring has run out that was furnished by Equifax for their data breach. I have filed a claim for the 10 years of credit monitoring but have a claim number and no further information. I have called Equifax and they do not have any information on how to signup and have referred me back to this site. What's going on? As far as I can tell there is no way to signup for the 10 years credit monitoring as provided for in the settlement. Not good.

The free credit monitoring that's available under the Equifax settlement did not start yet (today is January 15, 2020).

If you filed a claim for free credit monitoring under the settlement, the company that manages the settlement will send you information about how to activate your credit monitoring after the Settlement is effective. The company will send you an activation code and link to the Experian website where you can enroll and activate your Credit Monitoring Services. The settlement will be effective on January 23, 2020 at the earliest. Read more at www.FTC.gov/Equifax.

How do i change my email because the one i used doesnt have a paypal account linked to it?

I requested credit monitoring in the Equifax Settlement but they never contacted me. What should their follow up have been? All I got was an alpha-numeric verification code.

Several sites have stated that emails were sent out to those who chose the cash payout option about switching to free credit monitoring and that everyone had till October 15th to refile their claim, yet an email like that never even grace my email box? What's up with that? The deadline has passed and I was never even offered the option to switch, so guess I'm out of luck? (yes, I utilized the search option in both my main folder & spam folder only to find nada)

I selected free credit monitoring but have yet to receive any information how to enroll for the monitoring.

I took the identity protection option when this all first happened. Then sent me an email a couple months later saying they weren't going to honor it.

All of the comments which I skimmed have made perfect sense to me.
The only thing which would be possibly useful to me is SEEING my three (or more - there are many other "reports") credit reports anytime I want, and getting a free credit score.
The "monitoring" or whatever -- I don't need as far as I know so far.
And as far as the Public Record Settlement and their useless "IdentityWorks" -- monitoring my social media mentions and email addresses -- I am not going to provide Experian or anyone else access to my all of past email addresses or social media accounts or phone messages or ebay purchases or whatever - Count on that - for them to pretend "monitor". Lol Completely uses and I am going to "opt-out". If I can.

I have signed up for the free credit monitoring. What website link do I go to in order to set up a login with them? I can't find it.

The free credit monitoring that's available under the Equifax settlement did not start yet (today is January 15, 2020).

If you filed a claim for free credit monitoring under the settlement, the company that manages the settlement will send you information about how to activate your credit monitoring after the Settlement is effective. The company will send you an activation code and link to the Experian website where you can enroll and activate your Credit Monitoring Services. The settlement will be effective on January 23, 2020 at the earliest. Read more at www.FTC.gov/Equifax.

I opted for the monitoring service with IDnotify, recvd it only 2 yrs. and now recvd an email it's going to be discontinued?? Also my file has been unlocked for months!!! Service is useless!!

The free credit monitoring that's available under the Equifax settlement did not start yet (today is January 15, 2020).

If you filed a claim for free credit monitoring under the settlement, the company that manages the settlement will send you information about how to activate your credit monitoring after the Settlement is effective. The company will send you an activation code and link to the Experian website where you can enroll and activate your Credit Monitoring Services. The settlement will be effective on January 23, 2020 at the earliest. Read more at www.FTC.gov/Equifax.

I opted for the free credit monitoring. Now I am being told my free accounts have expired. Wow. What a ripoff

The free credit monitoring that's available under the Equifax settlement did not start yet (today is January 15, 2020).

If you filed a claim for free credit monitoring under the settlement, the company that manages the settlement will send you information about how to activate your credit monitoring after the Settlement is effective. The company will send you an activation code and link to the Experian website where you can enroll and activate your Credit Monitoring Services. The settlement will be effective on January 23, 2020 at the earliest. Read more at www.FTC.gov/Equifax.

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