Over the last several days, consumers who signed up to receive the money instead of free credit monitoring must confirm by the deadline that they are entitled to the monetary compensation.
Consumers who receive email notices can use the included link to either verify that they already have credit monitoring — by naming the service used — or switch to receiving up to 10 years of free credit monitoring instead.If you signed up for the Equifax settlement to get $125 as a result of their massive data breach, you now have until Oct. 15 to verify your claim.
Over the last several days, consumers have been receiving emails alerting them that they must verify their $125 claim by the Oct. 15 deadline. The email also notes that "depending on the number of valid claims that are filed, the amount you receive for alternative compensation may be a small percentage of your initial claim."Tami Chappell | Reuters
The Federal Trade Commission warned in a blog several weeks ago that due to the high number of consumers who have sought the $125 instead of credit monitoring, the amount per person might be much lower. The email that consumers receive includes a link to the settlement site, where they can confirm their monetary claim or switch to credit monitoring instead .
To confirm you want the $125 , you must enter the name of the credit monitoring service you use and certify that you'll keep it in place for at least six months.You also must acknowledge that you may be asked to provide more information before the claim is complete.
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