Will you ever see that Equifax settlement check?
The massive Equifax data breach in 2017 endangered millions of South Carolinians.
Breached information included social security numbers, names, dates of birth, addresses, credit card numbers, and, in some cases, driver’s license numbers.
The credit reporting company was ordered to pay out $425 million in restitution to those whose data was compromised.
To find out if your private information was compromised, visit https://eligibility.equifaxbreachsettlement.com/en/eligibility .
Customers could choose between a one-time $125 refund or 10 years of free credit monitoring.
Now the Federal Trade Commission says you may not see that money.
The FTC recently updated the Equifax data breach settlement web page saying, "The public response to the settlement has been overwhelming."
"Each person who takes the money option is going to get a very small amount," the website said.
The earliest any one would get a check is January 23, 2020, according to the site.
Instead, the FTC encourages people to opt for the free credit monitoring, claiming it "provides a much better value."
If you have already filed a cash claim, you can now switch your preference to receive the 10-year credit monitoring.
For more information, visit https://www.ftc.gov/enforcement/cases-proceedings/refunds/equifax-data-b... .