Here are some sample responses (click on the images to enlarge them). There is another pool of $31 million set aside for these claims, and the payout will be reduced for everyone proportionally depending on how many apply.” Again, the payments depend on how many people apply. But if you are hoping to collect $250, you may be disappointed. You can claim up to 10 hours without supplying supporting documentation. “In addition, you can seek reimbursement of $25 per hour for time spent dealing with the breach. “If more than 248,000 claims are approved – less than one-fifth of 1 percent of the 147 million consumers affected – claimants will get less than $125,” the paper reported. The FTC warns that the payout will likely be reduced if millions apply and claims exceed the $31 million cap reached in a settlement with Equifax.Ĭredit monitoring is a “far better value,’’ the FTC states, “because each person who takes the money option is going to get a very small amount.”Īccording to USA today, if the $31 million claims fund is drained, the amount each person gets will drop as the money is distributed proportionally. On its website today, the FTC is encouraging people to choose credit monitoring over a $125 payout, as a “far better value.’’
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