The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

OFF-TOPIC Equifax is paying you $125 if you were affected by the 2017 breach

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

ApparentHorizon

Platinum Contributor
Speedway Pass
Apr 1, 2016
945
2,789
653
Greenville, SC
Nearly half the US was affected by this. Check if your name, and friends and family is on there.

Takes less than 5 min to file a claim. If you need credit monitoring (a requirement to file the claim), credit karma is a good site to use.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
31,666
119,080
3,751
Fountain Hills, AZ

ChrisV

Legendary Contributor
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
May 10, 2015
3,143
6,824
1,512
Islands of Calleja
26010
 

Frank H.

Contributor
Read Millionaire Fastlane
Dec 22, 2018
90
80
120
I know a lot of people that experienced emotional distress from this company. $125 is an insult. Very disappointing.
 

ChrisV

Legendary Contributor
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
May 10, 2015
3,143
6,824
1,512
Islands of Calleja
I know a lot of people that experienced emotional distress from this company. $125 is an insult. Very disappointing.
they could probably build a personal suit if that's really the case.. this is just the class action suit... not damages
 

Kelvin Fernandez

Some Profound Quote Goes Here
Read Millionaire Fastlane
I've Read UNSCRIPTED
Jan 26, 2016
690
1,377
441
29
Rice, Texas
Bummer. I was affected by this. Thank you for the heads up. I had no idea I was affected. I guess that explains all the weird activity from my bank account and someone using my debit card in another city.
 

Attachments

  • Credit Score.PNG
    Credit Score.PNG
    168.8 KB · Views: 18
Last edited:

ApparentHorizon

Platinum Contributor
Speedway Pass
Apr 1, 2016
945
2,789
653
Greenville, SC
I know a lot of people that experienced emotional distress from this company. $125 is an insult. Very disappointing.
Bummer. I was affected by this. Thank you for the heads up. I had no idea I was affected. I guess that explains all the weird activity from my bank account and someone using my debit card in another city.

Read the FTC doc above. If you were actually affected. IE. You have documents proving distress (like being notified someone opened a CC in your name), identity theft, and even just time on the phone with customer service to resolve the problem (You can bill them by the hour). You can claim much more.

A couple of months ago, I also froze all of my credits in each organization: Credit Freeze FAQs
Equifax​
Equifax.com/personal/credit-report-services​
800-685-1111​
Experian​
Experian.com/help​
888-EXPERIAN (888-397-3742)​
Transunion​
TransUnion.com/credit-help​
888-909-8872​
If you need a new CC, loan, etc. You can place a temporary unfreeze just for when you apply. Then they refreeze. Each only takes a couple of minutes also.
 

Kelvin Fernandez

Some Profound Quote Goes Here
Read Millionaire Fastlane
I've Read UNSCRIPTED
Jan 26, 2016
690
1,377
441
29
Rice, Texas
Read the FTC doc above. If you were actually affected. IE. You have documents proving distress (like being notified someone opened a CC in your name), identity theft, and even just time on the phone with customer service to resolve the problem (You can bill them by the hour). You can claim much more.

A couple of months ago, I also froze all of my credits in each organization: Credit Freeze FAQs
Equifax​
Equifax.com/personal/credit-report-services​
800-685-1111​
Experian​
Experian.com/help​
888-EXPERIAN (888-397-3742)​
Transunion​
TransUnion.com/credit-help​
888-909-8872​
If you need a new CC, loan, etc. You can place a temporary unfreeze just for when you apply. Then they refreeze. Each only takes a couple of minutes also.

My bank froze my accounts when they try swiping my card in a gas station. Apparently they were testing the card in different stations to see if it worked. Once they hit gas station number 2 my account was frozen.

I already submitted my claim for the breach.
 

KeepGoin

Bronze Contributor
Read Millionaire Fastlane
Speedway Pass
Mar 17, 2016
89
123
134
33
Just as an aside, I've been meticulous with my SS number and personal information throughout my life. Last month I found out several accounts were opened in my name by junkies.

I've got no idea how they obtained the information and it's a really bad feeling. Have had to freeze all my accounts. I guess my point is, everyone should be monitoring their credit because companies are not taking care of your information properly even when they should.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

eliquid

( Jason Brown )
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
May 29, 2013
1,655
8,269
1,946
Louisville - Kentucky
I have not checked ( yet ) and I have had no issues with my SSN or fraud, but I went ahead the other day and froze my credit history/check w/e with all 3 companies.

I plan on only unfreezing when I need to.

In today's age, I would advice everyone to do this.
 

ApparentHorizon

Platinum Contributor
Speedway Pass
Apr 1, 2016
945
2,789
653
Greenville, SC
Chances are, most of our SSNs and personal data are in the wild.

You have banks, lenders, car companies, terribly managed websites, and paper files with our info in all corners of the US. At this point it's better to have a "when" not "what if," plan.
 

SD Entrepreneur

Bronze Contributor
Read Millionaire Fastlane
Speedway Pass
Jul 12, 2019
87
181
137
San Diego, CA
I have not checked ( yet ) and I have had no issues with my SSN or fraud, but I went ahead the other day and froze my credit history/check w/e with all 3 companies.

I plan on only unfreezing when I need to.

In today's age, I would advice everyone to do this.
Did the same a few days after this huge breach took place, can save a ton of time and headaches in the future. It isn't difficult to unfreeze but you will need your PIN handy when you need a credit inquiry run or account opened (ex. for a car, credit card, house loan, etc)
 

ChrisV

Legendary Contributor
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
May 10, 2015
3,143
6,824
1,512
Islands of Calleja
Now you come to me and say "Don Equifax, give me justice"
But this is not justice, your accounts are still alive
 

ChrisV

Legendary Contributor
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
May 10, 2015
3,143
6,824
1,512
Islands of Calleja
I know a lot of people that experienced emotional distress from this company. $125 is an insult. Very disappointing.
Okay so if you use the tool, they compensate for more than that. They'll pay you $25/hr for any time you spent resolving issues caused by it, they'll reimburse you for any fees you incurred (including things like gas, notary, etc)

For stuff like emotional distress and loss of work you'll likely have to take more custom measures like calling them up and seeing if they'll settle or getting a lawyer.

But depending on the circumstances, can be more than $125

 
Last edited:

Frank H.

Contributor
Read Millionaire Fastlane
Dec 22, 2018
90
80
120
Good posts! I was not personally affected by this, however, I would definitely assist in organizing a class action lawsuit if this impacted me. It is unfortunate that we have so many crooked judges and attornies though, we all know they are puppets of the big companies.

@ApparentHorizon It is difficult for many people to get documents proving their distress. Also, many of them are doubted, ridiculed or bullied when they do provide the documents. Also, many of them cannot afford a note from an "authority figure" such as a psychiatrist or psychologist.
 

ApparentHorizon

Platinum Contributor
Speedway Pass
Apr 1, 2016
945
2,789
653
Greenville, SC
Good posts! I was not personally affected by this, however, I would definitely assist in organizing a class action lawsuit if this impacted me. It is unfortunate that we have so many crooked judges and attornies though, we all know they are puppets of the big companies.

@ApparentHorizon It is difficult for many people to get documents proving their distress. Also, many of them are doubted, ridiculed or bullied when they do provide the documents. Also, many of them cannot afford a note from an "authority figure" such as a psychiatrist or psychologist.

Looks like it's more for hard evidence, with a paper trail. Like a bill from your attorney or accountant. Or anything you paid to the credit agencies themselves for freezes, lookups, etc.

As @ChrisV mentioned, you'd need to go for a personal suit to claim psychological impacts.
 

ChrisV

Legendary Contributor
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
May 10, 2015
3,143
6,824
1,512
Islands of Calleja
There was a weird charge for Frontier Communications, and I've never used Frontier in my life. I'm thinking someone used my info to get free cable (talk about thinking small.)

I highly suggest checking freecreditreport.com or whatever to see if there was any strange activity.
 

GrayCode

.
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Nov 23, 2015
261
911
339
I really want to submit that form and find out. But giving up the last 6 of SSN doesn't seem like a good idea to me. SSNs are 9 digits. They can easily brute force the other 3.
 

eliquid

( Jason Brown )
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
May 29, 2013
1,655
8,269
1,946
Louisville - Kentucky
Check this:

Capital One says that about 140,000 Social Security numbers and 80,000 linked bank accounts were compromised “in one of the biggest-ever data breaches,” affecting some 100 million individuals in the U.S. and six million in Canada.


Freeze those reports guys. This is only going to get worse as time goes by
 

Don't like ads? Remove them while supporting the forum. Subscribe.

struka

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Feb 22, 2018
109
136
132
TN
From what I read, you will get years of free credit monitoring but if you already have that then you will get $125 instead.
I heard that with so many affected that the payout will not be $125 but more like cents.
I have fraud insurance and monthly monitoring but I ended up freezing all of my accounts immediately after.
 

Bekit

Platinum Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
Summit Attendee
Speedway Pass
Aug 13, 2018
878
4,087
983
I know a lot of people that experienced emotional distress from this company. $125 is an insult. Very disappointing.
they could probably build a personal suit if that's really the case.. this is just the class action suit... not damages
Just FYI, if you submit the claim, or even if you do nothing, you give up the legal right to sue Equifax separately. You have to specifically opt OUT of the class action suit if you want to have the option to sue them for damages.

From the website:
Exclude yourself from the settlement
You can exclude yourself from the settlement by informing the Settlement Administrator that you want to “opt-out” of the settlement. If the settlement becomes final, this is the only option that allows you to retain your rights to separately sue Equifax for claims related to the Data Breach. If you opt-out, you may not make a claim for benefits under the settlement. For more detailed information, see FAQ 23.

Do nothing
If you do nothing, you can still access Identity Restoration Services, but will not be entitled to any other benefits provided under the settlement. If the settlement becomes final, you will give up your rights to sue Equifax separately for claims relating to the Data Breach or to continue to pursue any such claims you have already filed.
(Source)
The deadline to exclude yourself from the settlement is Nov. 19, 2019.
 

WJK

Platinum Contributor
FASTLANE INSIDER
Speedway Pass
Oct 9, 2017
1,708
3,883
878
Alaska
Nearly half the US was affected by this. Check if your name, and friends and family is on there.

Takes less than 5 min to file a claim. If you need credit monitoring (a requirement to file the claim), credit karma is a good site to use.
So, if you take their money, are they off the hook legally? Is it a waiver of your right?
 

NewManRising

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Oct 30, 2017
388
576
257
40
Medford, OR
So we need to register for credit monitoring? Almost seems like a scam to get people to use this service and hand over data. I'm not sure $125 is worth it to me. Seem's like a sucker's deal.
 

TylerJW

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Jul 22, 2019
7
10
16
Seattle WA
My bank froze my accounts when they try swiping my card in a gas station. Apparently they were testing the card in different stations to see if it worked. Once they hit gas station number 2 my account was frozen.

I already submitted my claim for the breach.
Dude! The exact same thing happened to me a couple months back. They actually called me posing as my bank and tried using my information in Miami (I'm in Seattle). I spent hours on the phone dealing with this BS, and thankfully it was all blocked before they could do any damage.

Looks like I could get the $125 + 250, but it might be more important to get the credit monitoring...
 

struka

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Feb 22, 2018
109
136
132
TN
Looks like too many people claiming the cash option, and they don't have enough money for it. lol
Yup, that is exactly what I read last weekend especially after AOC tweeted for everyone to get their free cash.
 

Sponsored Offers

MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
If there’s one thread I see repeated over and over again on the forum, it goes like this: “I...
  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Any scholarship programs for those who can't afford the course? Broke but need this course :)...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
It's an affiliate link, so it's hard to give those up! The affiliate links are automatically...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
A week ago someone asked if one of my courses is still relevant (referring to the Upwork...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Thanks for clearing that up. What do you recommend for those who are still in the process of...
  • Sticky
MARKETPLACE Kill Bigger Incubator
I have not offered one of these in a while, but it looks like I have time to take on an...

What are Fastlaners Currently Reading?



Forum Sponsor

Grow an online business:
- Start immediately!
- Master business skills!
- 100+ Fastlane students enrolled!
Review & Details >

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom