Two years ago Equifax data was breached and your information was probably stolen. They’ve reached a settlement that will net hundreds of millions for government agencies and potentially a little bit for you — either 10 years of credit monitoring or up to $125.
In addition to choosing cash or credit monitoring you can claim actual damages (up to $20,000) that resulted from:
- unauthorized charges to accounts
- costs from freezing or unfreezing your credit or for credit monitoring you paid for
- expenses you incurred dealing with the mess, including lawyers and accountants, shipping documents, etc.
In addition you can seek money for the time you’ve spent dealing with this. Now, if everyone who was affected by the Equifax breach filed a claim there’s just an average of $3 per person. So we’ll see how much each person actually gets (not everyone will file a claim).
I filed a claim, opted for the $125, and noted that I spent about 8 hours researching, taking notes, and thinking about the breach to determine the extent to which it would affect me and also how it would change the way we should be managing and dealing with credit.
Fairmont Royal York Toronto
Meanwhile if you stayed at a Fairmont hotel between November 2015 and November 2017 they printed too much of your credit card information on bills. They don’t need proof of your stay but do have records of who stayed, and filing a claim by September 10 should net $15 – $20 out of a $2 million settlement pool. Worth signing up if you’ve been a Fairmont guest during this time.