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  #51  
Old 07-31-2019, 06:14 PM
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Lol, I didn't even think about the processing costs when they get these checks back.
  #52  
Old 07-31-2019, 07:04 PM
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There's several hundred million dollars put aside for the settlement. $31 million is allocated for the payments to consumers. If, after all costs related to the settlement are paid (including lawyers fees), anything of the hundreds of millions remains, that will be distributed to people who filled a claim. It's unlikely that much will remain. It's also unlikely that the cost of mailing checks will cause the costs to exceed the total that had been set aside.
  #53  
Old 08-01-2019, 11:00 AM
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So let's go back to the punching the Equifax leadership in the face idea. Or rather, confiscating all their personal assets right down to the clothes they're wearing (except for underwear, for modesty) and add the market value of it (sold at auction) to the settlement, THEN we all line up for the face punching.
  #54  
Old 08-01-2019, 11:27 AM
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nm

Last edited by Si Amigo; 08-01-2019 at 11:31 AM.
  #55  
Old 08-01-2019, 01:14 PM
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A blog post on the FTC website says that people who asked for the $125 can get a do-over:
Quote:
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.
  #56  
Old 08-01-2019, 01:43 PM
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A hundred million pissed off Americans when the 20 cent checks go out next year will be an auspicious beginning to the presidential election year. I would think that due to the myriad previous breaches, anyone who needs credit monitoring already has it.

I find this is a much more interesting and important story than the debate dog and pony circus the media is focused on at the moment.
  #57  
Old 08-01-2019, 01:49 PM
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Yeah, I don't see any reason to change. Hell, Capital One is offering free credit monitoring to another 100 million people just this week:

https://www.cnet.com/how-to/capital-...at-you-can-do/

Last edited by JohnT; 08-01-2019 at 01:49 PM.
  #58  
Old 08-02-2019, 04:54 PM
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Quote:
Originally Posted by Velocity View Post
147 million punches to the face would amount to a lot of meat tenderizing....
And no change whatsoever.
  #59  
Old 08-08-2019, 09:56 PM
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My sister works for Equifax and says she and her fellow employees are horrified at the behavior of the people at the top. They never should have promised $125 because there would never be enough money for that. I suspect it would be possible there could be more than pennies for the victims if it wasn't all going to lawyers.
  #60  
Old 08-08-2019, 10:04 PM
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thanks for that i could use a nice free 125.00
  #61  
Old 09-09-2019, 02:08 PM
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Bumping this because I received an email from the claim settlement saying I must verify that I had credit monitoring at the time of the breach. (Which I have absolutely no idea if I did or where I would even look to find out.)

So, no, you can't just get a free $125 without them actually verifying that you did indeed already have credit monitoring.
  #62  
Old 09-09-2019, 02:21 PM
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Quote:
Originally Posted by Eyebrows 0f Doom View Post
Bumping this because I received an email from the claim settlement saying I must verify that I had credit monitoring at the time of the breach. (Which I have absolutely no idea if I did or where I would even look to find out.)

So, no, you can't just get a free $125 without them actually verifying that you did indeed already have credit monitoring.
Yup. Got one of these emails, too.
  #63  
Old 09-09-2019, 03:29 PM
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Huh. I got an email today, but it just explains what options exist if I want to change my prize.
  #64  
Old 09-09-2019, 03:37 PM
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Quote:
Originally Posted by Eyebrows 0f Doom View Post
Bumping this because I received an email from the claim settlement saying I must verify that I had credit monitoring at the time of the breach. (Which I have absolutely no idea if I did or where I would even look to find out.)

So, no, you can't just get a free $125 without them actually verifying that you did indeed already have credit monitoring.
They just ask for the name of the service. Is Equifax going to spend time and money contacting those monitoring companies to verify? And what incentive do those monitoring companies have to spend their own time and resources verifying and reporting back to Equifax? Maybe there is some central DB for credit monitoring, but if there was, why would they ask the name of the company?
  #65  
Old 09-09-2019, 04:18 PM
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They did this additional step to cut down the number of claimants for the cash. What is very clear is that no one will get anywhere near $125 (unless they had actual losses and submitted verification for their claims) because the amount of money available is too small to pay cash to more than a very small number of claimants [while naturally there is plenty of money to pay the lawyers enormous fees].
  #66  
Old 09-09-2019, 04:29 PM
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I got the same e-mail. I put CreditKarma as my monitoring company. If the reject that, I am not that concerned.
  #67  
Old 09-09-2019, 04:51 PM
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Yeah, I got an email, too. I did have credit monitoring (and still do). I gave them the name of my service.
  #68  
Old 09-10-2019, 07:44 AM
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We still haven't gotten the verification email request. Wonder what that means.
  #69  
Old 09-10-2019, 12:45 PM
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AAA offers free credit monitoring--with ProtectMyID.
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