The Best You Can Hope for from the Equifax Settlement

The average payout will be far less than $125. But you may be reimbursed for other costs.

The $700 million Equifax settlement is a landmark moment for consumer data privacy, but if you’re counting on a payoff, you’ll probably be disappointed. While we won’t know how much victims will be paid until after the settlement’s application deadline—January 2020—early signs haven’t been promising.

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Brendan Pedersen
Staff Writer, Kiplinger's Personal Finance
Brendan joined Kiplinger in 2018 and writes about technology, security and money. A Chicagoland native, he graduated from DePaul University with degrees in journalism and political science. Before moving to Washington, D.C., Brendan covered local politics for NBC Chicago and daily news for BusinessDen in Colorado.