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If you made a claim for $125 from Equifax, you’re not getting it

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Moderator

If you made a claim for $125 from Equifax, you’re not getting it

"If you filed for a cash payout from Equifax as part of the credit bureau’s settlement for its massive 2017 data breach, you’re probably not getting anywhere close to $125.

 

On Thursday, Dec. 19, a Georgia federal judge awarded $77.5 million to the attorneys representing the class of consumers against Equifax. That’s over 20% of the roughly $380 million settlement fund Equifax agreed to set up to directly help consumers affected by the breach, according to the Hamilton Lincoln Law Institute, which house the Center for Class Action Fairness and opposed the high fee award."

 

https://www.cnbc.com/2019/12/19/court-awards-80-million-to-consumer-attorneys-in-equifax-case.html

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Valued Contributor

Re: If you made a claim for $125 from Equifax, you’re not getting it

Sad that I'm not the least bit surprised by this...
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Moderator Emeritus

Re: If you made a claim for $125 from Equifax, you’re not getting it

I've never understood fees like this.  Not surprised either but I doubt it took 77 million worth money or even half that (markup yo) in terms of billable hours even from the dozens of people that probably worked on it.

 

I'm all for people getting paid, I myself am picking up a second gig again come January and the new one is my highest salary ever even above what dotcom salaries got up to during the gold rush so I understand grabbing all you can get, but that... 77 million for services?  **bleep**.




        
Message 3 of 10
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Moderator Emeritus

Re: If you made a claim for $125 from Equifax, you’re not getting it

Never signed up for the whole thing ... as usual too much nonsense! The winner and champion? The big law firms. Look at all the mergers of law firms in the last two years ... bulk up so you can earn $200,000 a year!
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Valued Contributor

Re: If you made a claim for $125 from Equifax, you’re not getting it

Is anyone surprised by this news?
Scores hover around 800
Haven't been AZEO in over a year
Rome was not built in a day, neither is a good credit profile
Message 5 of 10
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Valued Contributor

Re: If you made a claim for $125 from Equifax, you’re not getting it


@dragontears wrote:
Is anyone surprised by this news?

Surprised, no. Disgusted, yes. I wouldn't be the least bit mad if I got $0 because it went to charities, but the fact that some sycophantic suits are walking away with $77 million for their "effort" is infuriating. Shakespeare was right, even if we'll never know how he really felt about his line.

Message 6 of 10
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New Contributor

Re: If you made a claim for $125 from Equifax, you’re not getting it

Well, I did not sign up for anything.  Just responded by email verifying my email address.

However, just last week, received a check for $8.65.  Wowee!

Hamburger and fries for dinner.

Message 7 of 10
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Re: If you made a claim for $125 from Equifax, you’re not getting it


@Ricky_D wrote:

Well, I did not sign up for anything.  Just responded by email verifying my email address.

However, just last week, received a check for $8.65.  Wowee!

Hamburger and fries for dinner.


Lol, yep from McDonald's.

I also didn't sign up. Gonna be more disappointed folks who did. 

Got some pruning to do... No more new cards!
Message 8 of 10
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Moderator

Re: If you made a claim for $125 from Equifax, you’re not getting it

I did not sign up for anything, I dont even like seeing their logo.
Funny story, while back when I used their monitoring before it was discontinued, I kept on getting emails with links to articles on how I should *Keep my accounts safe*
Too bad they never read them.

😐
Message 9 of 10
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Established Contributor

Re: If you made a claim for $125 from Equifax, you’re not getting it


@Remedios wrote:
I did not sign up for anything, I dont even like seeing their logo.

lol

 

It looks like they're trying to get ahead of things:

 

Equifax To Offer Six Free Credit Reports  

News provided by Equifax: Dec 23, 2019, 08:30 ET

 

"These free Equifax credit reports will be available during any twelve-month period for seven years without any charge."

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