Equifax removed the $125 claim payout option after millions submitted claims

Re:Equifax removed the $125 claim payout option after millio... by g051051 on Wednesday July 31, 2019 @09:11PM (#20580342)

Because the purpose of the 31m USD was to compensate people who had bought credit monitoring, spent time dealing with credit reports, freezes, locks, etc. Out of the 147m people who were potentially affected, what percentage actually incurred any real costs vs. the number that rushed to file a claim after the headlines blared "$125 to everyone!"

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Re:Equifax removed the $125 claim payout option after millio... by paulddraper on Wednesday July 31, 2019 @09:15PM (#20580367)

I don't recall $125 requiring actual previously lost time.

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Re:Equifax removed the $125 claim payout option after millio... by g051051 on Wednesday July 31, 2019 @09:18PM (#20580390)

I could be mistaken...I thought there was a clause allowing you to claim up to $125 without having to provide detailed breakdowns of the time and expenses.

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Re:Equifax removed the $125 claim payout option after millio... by Mtinie on Wednesday July 31, 2019 @09:32PM (#20580452)

You could claim up to $20k due to provable loss in addition to the $125 due (if you had existing credit monitoring).

Edit: I missed my final line, “So you are right.”

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