Equifax Class Action Settlement 2025 – Check Eligibility, Amount & Payment Date

Equifax Class Action Settlement 2025: Equifax is a large credit reporting company that handles your financial data. In 2017, the company suffered a huge data breach, in which personal information of about 147 million people was leaked. This included Social Security Numbers, credit card details, bank account information and other financial data.

After this incident, many people filed a case against the company. After years of legal process, Equifax announced compensation of $ 425 million (about Rs 35 billion). This money will be given to those whose data was leaked and who filed a complaint about it.

Purpose of Equifax Class Action Settlement 2025

The main purpose of this settlement is to provide financial relief to those who suffered due to this data theft. Many people’s identities were stolen, fake bank accounts were opened in their names and they suffered financial losses.

Under Equifax Settlement 2025, some relief will be given to the affected people, such as:

✔ Direct compensation – Those whose data was leaked can get some money.

✔ Identity theft protection – Free credit monitoring services will be available to protect against identity theft in future.

✔ Compensation for loss due to fraud – If someone has become a victim of fraud, then his loss will be compensated.

✔ Time compensation – Those who have wasted their time in solving this problem will also get some amount.

Eligibility for Equifax Settlement 2025 Payment

Not everyone will get this compensation. Some important conditions have been kept for this:

You were a customer of Equifax in 2017 – that is, your credit report was with this company.
Your data was stolen – If your personal or financial data has been leaked, then only you are entitled to this money.
You made a claim on time – The last date for submitting the claim form was 22 January 2024.
You have proof of fraud – If you have suffered any loss due to this data breach, you will have to provide proof of it.

How to know if your data was leaked?

If you want to know whether your data was stolen or not, you can check by visiting the official website of Equifax (equifaxbreachsettlement.com). There you just have to fill in your name and some other information, and you will know whether your data was leaked or not.

How much money will be received?

Under Equifax Settlement 2025, every person will get different amounts. It will depend on how much loss you suffered and what expenses you claimed.

➡ $25 per hour – If you spent any time due to this data breach (such as talking to banks or credit card companies), you can get money at the rate of $25 per hour. A maximum of 20 hours can be claimed.

➡ Compensation up to $20,000 – If you have provided full proof of the loss caused by fraud, you can get a maximum of $20,000 (about Rs 16 lakh).

➡ Money for credit monitoring – If you purchased a credit monitoring service due to this problem, you can get its cost back.

➡ Reimbursement of other expenses – Those who got their bank accounts blocked, got new documents made or made other expenses, can also apply for compensation for this.

How will you get Equifax Settlement payment?

Equifax has given two ways through which people can get their compensation:

Direct deposit – If you had given your bank details, then the money will come directly to your account.
Check will be sent to the current address – If you had opted for a paper check, then it will be sent to your address.

When will the Equifax Settlement payment be received?

People who had made their claim correctly and on time have now started getting money.

Most people will get payment in the first half of 2025.
It may take time to investigate the claims of some people, so some payments may be made till the end of 2025.
If there is any mistake in a claim, then it may be delayed further.

What to do if you have not received the money yet?

If you have made a claim but have not received the money yet, you should take the following steps:

✅ Visit the official website of Settlement (equifaxbreachsettlement.com) and check the status of your claim.

✅ Contact the Settlement Administrator – His information will be given on the website.

✅ Double check your bank or address details – If you had given wrong information, there may be a delay.

✅ Be patient – many claims are still under investigation, so the process may take some time.

Documents required to make a claim

If you have made a claim or want to make one, you will need some documents:

Credit monitoring receipt – If you had taken any paid service, then its receipt will be necessary.
Bank statement related to identity theft or fraud – If you have suffered any financial loss, then proof of it will have to be provided.
Time details – If you spent time solving this problem, then you have to keep a record of it as well.

Conclusion

Equifax Class Action Settlement 2025 is to provide relief to millions of Americans whose data was stolen. If you had claimed on time, then you can get money soon. You can use this money for credit monitoring, compensation for losses caused by fraud and other security measures.

If you have not received your money yet, then there is no need to panic. You can check the status of your claim by visiting the official website of Settlement and contact the Settlement Administrator.