• The Equifax data breach settlement details are out, and there’s cash in it for you.
  • If you can prove specific damages, you might score more than the minimum.
  • But the payout is likely to be less than advertised.

As a rule, I don’t flag individual deals on their own, but this one is worth a few minutes of your time.

Equifax, as you must know, had a gigantic data breach in 2017 affecting almost 150M people (including, almost certainly, you). And feels really bad about it.

Just kidding. But the Feds DO feel bad, and exacted a big fine on the company that may total as much as $700M. You can now claim a bit for yourself.

The general outline is that you can request either $125 or a bit of “free” credit monitoring. Or more – up to $20K – if you can prove specific impacts from the breach, like identity theft.

This may feel like chump change for Equifax failing to protect your Social Security number, driver’s license number, and more, but it’s something.

The hot tip is to take the cash and get your monitoring for free elsewhere, like Credit Karma.

But don’t get too excited just yet. That $125 is the max you might get assuming only 250K people claim the goodies. With 150M impacted, one calculation suggests that your actual haul could be as low as $.21 if this proves popular – and you can bet it will.

Here’s more detail on how to claim, or just go here to check if you’re eligible (spoiler: you are).