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The Truth Behind The $700M Equifax Settlement

 Equifax
AP Photo/Mike Stewart, File

Last week, Equifax made a deal to pay up to $700 million in settlements from the massive breach two years. But you might not be getting everything you expect in that settlement.

The Federal Trade Commission put up a claim page on its website, where you can find out if the Equifax breach affected you. Put in your name and last six numbers of your Social Security number.


It says if you're on the list, you could be entitled to up to $125 or 10 years of free credit monitoring.

Mashable did some digging. It looked at the settlement and found the free credit monitoring is four years on the three major agencies, then six more, but only on Equifax.

Mashable says there's only $31 million in the pot for cash payouts. That split drops from $125 to as little as $0.21 cents if everyone affected picked the cash payout.