Earlier this week, The Federal Trade Commission announced that they reached a settlement agreement with Equifax over a data breach.

Equifax, as part of the settlement, was offering people affected by the breach, free credit monitoring or a $125 cash settlement.

Millions of people were affected by the breach and many of them chose the cash settlement. The problem is that as part of the settlement only 31 million dollars was set aside for the cash payout.

With more people than expected asking for the cash settlement, there will not be enough money for a full refund for everyone who applied.

You can see if you were affected by the data breach HERE


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