3 ms·

Not if everyone signs up for free credit monitoring as their settlement.

• wyldfire 9y ago
  Gee, does that automatically settle the claim? I suppose it only would if there were some kind of agreement you make when you apply for the service. I take some mild comfort knowing that > 90% of US adults likely have been impacted (wild guess at US folks who have ever applied for credit -- or it's probably a good amount smaller number if the scope is ever-requested-a-credit-report).
  • gph 9y ago
    Not that it changes your point, but I'd put the percent impacted a lot lower than 90%. There's a large underclass of people who don't even have a bank account let alone a credit account of any type. A lot of poor people still basically live by cash and EBT-card. I'd put it closer to 75% max.
  • spinlock 9y ago
    Does it matter if you've applied for credit? They track everyone. The important thing to remember is that you are not and have never been a _customer_ of Equifax. You are their product. The banks, car dealerships, etc... that pay them for credit reports _about_ you are their customers. You are their _product_. And, in my experience, they treat their product like shit when their product gets his identity stolen.
  • mcbits 9y ago
    I'm not an Equifax customer and don't plan to become one by signing up for anything, so I haven't seen the terms, but I would fully expect to see some kind of indemnification in there.
    • zmarty 9y ago
      You are a "customer" if you want it or not.