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Why not get $ 125 from Equifax after all



PORTLAND, Ore. – We have some bad news about your chance of receiving this $ 125 check through Equifax.

The company agreed to pay $ 700 million after a security breach in 2017, exposed personal information to 147 million people in 2017.

You can see if you are affected by visiting the breach details page of Equifax data.

As KGW first reported last week, all affected users are entitled to receive free credit monitoring for up to 10 years.

If you already have credit monitoring, you can choose a $ 125 cash option.

However, according to settlement details, there is not enough money to pay all the people affected by the breach.

Outside the $ 700 million agreement, $ 425 million is set aside for consumers and $ 31

million is set aside for cash payments of $ 125.

This means that there is enough money for just 248,000 people to receive the full $ 125.

If you claim all 147 million people, it means that each person will receive only 21 cents.

If you still want to apply, it only takes a few minutes and you have until 22 January 2020 to submit your application.

RELATED: How do I get my money from Equifax?

RELATED: Check: Are these BP settlement checks legal?

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