In 2017, Equifax had a massive security breach and they’ve agreed to a nearly $700 million settlement payout. The settlement states that an individual who had his or her data hacked is eligible to receive either up to ten years of free credit monitoring or claim a $125 payment. To determine if you are among the more than 140 million Americans whose information was compromised by the Equifax breach, use the Equifax claim verification form. In this Money Hacks episode, I explain why most people will probably never see that $125... but why credit monitoring is key! If you want more information on the Equifax breach check out our article here.
If you have a money question you'd like answered, don't forget to email us! This series is made from calls and questions we get from employees, investors, savers, and people just planning for their future, so if you have a question, let us know!
