Whats going on with Equifax?
What is going on with Equifax
In 2023, Equifax announced a breach that exposed the personal data of approximately 147 million people. Payments for claims filed for out-of-pocket losses, time spent, and other cash benefits are now being sent. If you filed a claim, keep an eye out for your payment.
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How much did people get from Equifax settlement
Equifax Data Breach Settlement Summary
Those who suffered direct losses due to the breach and were able to provide documentation of out-of-pocket costs were eligible for up to $20,000.
When can I expect my Equifax settlement check
Settlement benefits for eligible out-of-pocket losses and time spent will begin issuing in mid-December 2023.
Why does Equifax have the worst reputation
Lack of transparency, not only put the company at greater levels of company risk, it also served to unknowingly expose millions of consumers to higher levels of personal risk. This in turn makes the General Public less forgiving of Equifax in how it handled the issue.
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Why has my Equifax score gone down
Lenders and other service providers report arrears, missed, late or defaulted payments to the credit reference agencies, which may have a negative impact on your credit score. Making payments on time is an important way to show you can manage your finances responsibly.
What’s going on with Equifax 2023
Diluted EPS attributable to Equifax was $0.91 for the first quarter of 2023, down 49 percent compared to $1.80 in the first quarter of 2023. Total revenue was $596.3 million in the first quarter of 2023, down 8 percent compared to the first quarter of 2023.
Why is the Equifax settlement so low
Equifax started sending out payments to people affected by its massive 2023 data breach. But, as consumers quickly realized, the settlement payments are way less than the expected $125 per consumer. People have gotten as little as $5.21 because of the sheer number of people who filed claims for the money.
Where is my Equifax settlement check
You can also log into your myEquifax account and view your status by clicking the “check status of a dispute” button. If you are checking your status by mail or phone, please make sure you have the confirmation number that was provided to you when you submitted your dispute.
Has Equifax reached a settlement
Equifax has denied any wrongdoing, and agreed to a settlement with the Federal Trade Commission, creating $300 million for a victim compensation fund, and awarding $175 million to the states and territories in the agreement, and an additional $100 million in fines.
What is the glitch with Equifax
The company said the glitch — which it called an “alleged coding issue” — was simply a human error that occurred when staff was updating Equifax's system. Furthermore, Equifax's lawyers relied on a past court ruling that determined Equifax “is not a consumer reporting agency subject to the requirements of the FCRA.”
Is there a glitch with Equifax
Equifax miscalculated the credit scores of millions of people because of a coding error. On August 2, 2023, Equifax—one of the country's three major credit reporting bureaus—announced it had incorrectly calculated the credit scores of millions of consumers.
Is Equifax usually the lowest score
Neither score is more or less accurate than the other; they're only being calculated from slightly differing sources. Your Equifax credit score is more likely to appear lower than your TransUnion one because of the reporting differences, but a “fair” score from TransUnion is typically “fair” across the board.
Did Equifax recover
Equifax has spent around $1.44 billion recovering from a huge 2023 cyberattack, including data security and technology investments and legal costs.
What is going on with the Equifax breach settlement
The settlement became final in January 2023. Soon after, the settlement administrator began sending emails and letters to people who filed a valid claim and requested free credit monitoring.
Is Equifax system down
Equifax.com is UP and reachable by us. Please check and report on local outages below … The above graph displays service status activity for Equifax.com over the last 10 automatic checks. The blue bar displays the response time, which is better when smaller.
How do I know if I was affected by Equifax breach
Equifax has created a website where you can find out if you have been affected by the breach. The website will ask you for the last six digits of your social security number and your last name, and then will tell you if you have been affected. You can also call 1-833-759-2982.
Why did my Equifax go down
Certain behaviors, such as late or missed payments, can have a negative impact on your scores. Length of credit history. Your credit reports track the amount of time your credit accounts have been active. A longer credit history can have a positive effect on your scores.
Why did my Equifax score drop for no reason
Credit scores can drop due to a variety of reasons, including late or missed payments, changes to your credit utilization rate, a change in your credit mix, closing older accounts (which may shorten your length of credit history overall), or applying for new credit accounts.
Why did my Equifax credit score go down for no reason
Reasons for a drop in your credit score when nothing has changed include reported high utilization of credit, closing an account, a new hard inquiry, or errors on your credit report. High utilization, closing an account, or a new hard inquiry can impact your credit score negatively.
Is Equifax having issues
Equifax.com is UP and reachable by us. Please check and report on local outages below … The above graph displays service status activity for Equifax.com over the last 10 automatic checks. The blue bar displays the response time, which is better when smaller.