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Equifax Statement on Distribution of Benefits by the Court-Appointed Third-Party Settlement Claims Administrator. U.S. consumers who filed claims in the Equifax Data Breach Settlement and qualified for benefits began receiving settlement payments on December 19, 2022 from a court-appointed settlement administrator.

While consumers who sought up to $125 began receiving payments last week, the amount they end up getting will likely be far less, ing to the settlement administrator. On Twitter, users have reported receiving small payments, with amounts ranging from $2.64 or $5.21 to $21.06 and $40.44.

Your Equifax settlement payment won't be $125 because too many people wanted the money. Equifax started sending out payments to people affected by its massive 2017 data breach. But, as consumers quickly realized, the settlement payments are way less than the expected $125 per consumer.

Settlement benefits for eligible out-of-pocket losses and time spent will begin issuing in mid-December 2022.

The settlement became final in January 2022. Soon after, the settlement administrator began sending emails and letters to people who filed a valid claim and requested free credit monitoring.

The biggest payout from the settlement will go to legal fees for the lawyers behind it. They can claim up to 25 percent of the $725 million, or a little over $180 million. There are eight named plaintiffs in the case, and they could receive up to $15,000 each.

You'll receive the payment in the form you requested when you filed your claim?check, PayPal transfer to your account, or prepaid card. For more details and to check your claim status, visit EquifaxBreachSettlement.com .

Equifax Data Breach Settlement Summary Payments for eligible claims were sent starting this past December. I received an envelope with a check for $14.90; a far cry from the $125 one-time cash payment that had been touted by the FTC after the settlement.

Under the settlement terms, Equifax agreed to set up a fund to provide free credit monitoring and identity theft protection to consumers, as well as provide cash payments to people affected by the breach?up to $20,000 per person. The company also has to pay government fines and legal fees.

The Order and Judgment Granting Final Approval of Class Action Settlement was granted on September 13, 2022. The deadline to file a claim for Lost Time or Out-of-Pocket Losses was September 30, 2022.