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Equifax, Experian, and TransUnion, announced this week significant changes to medical collection debt reporting to support consumers faced with unexpected medical bills.
The three nationwide consumer credit reporting agencies, Experian, Equifax and TransUnion, are extending free weekly credit reports to Americans for an additional year until April 20, 2022.
The three national credit reporting agencies have announced they are offering free weekly credit reports to all Americans for the next year to help them protect their financial health during the sudden and unprecedented hardship caused by COVID-19.
Those who opted for cash payments, now have a new hurdle. They were notified recently that they have until October 15 to verify or amend their claim, or compensation will be denied.
The settlement has received a lot of press and everyone is talking about it. That means that millions are filing claims and seeking cash payments.
Equifax settlement website is now up and running and you can file your claims. Most people should qualify for a $125 settlement check, but you can get as much as $20,000 if you add enough time spent and out of pocket losses related to the data breach.
Equifax will pay $671 million to settle numerous state class-action lawsuits and investigations by the Federal Trade Commission, New York Department of Financial Services and Consumer Financial Protection Bureau.
Credit reporting agency Equifax could pay about $700 million to state and federal regulators as a settlement for the data breach that exposed the personal information of 143 million people.
Rego Barros, interim CEO of Equifax apologized to consumers in a Wall Street Journal article about the recent Equifax data breach. He also apologized for ensuing problems with insufficient support for consumers such as a non properly functioning website a call center that couldn’t manage the volume of calls received. In the apology he proceeded to also…
Equifax, one of the three major consumer credit reporting agencies, said yesterday that hackers had gained access to company data and compromised sensitive information for 143 million American consumers, including Social Security numbers and driver’s license numbers. Additionally, Equifax said that credit card numbers for about 209,000 U.S. customers were exposed, as was “personal identifying information”…