Equifax Breach: You may not get full $125 cash payment

National News

(CNN) – The Federal Trade Commission says so many people are asking for cash payments linked to the 2017 Equifax data breach, there may not be enough money for everyone.

As part of a $300 million settlement announced last Monday, those impacted by the data breach were offered free credit monitoring or a check for up to $125.

But the fund dedicated to the cash payouts only has $31 million.

And the FTC says the response has been so overwhelming, some people who are eligible may not get the full $125.

The FTC is suggesting people choose free credit monitoring rather than a $125 check.

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(This story was originally published on July 31, 2019)

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