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The Equifax and Experian lawsuit settlement in 2017 resulted from a data breach affecting millions of people. Both companies agreed to a $525 million settlement, but not everyone will qualify for a payment. To claim the Experian settlement, a notice ID is required, which is sent to those impacted. To claim the Equifax settlement, proof of financial losses due to identity theft, such as lost wages or expenses for legal assistance, is needed. Be cautious of social media hype and ensure eligibility before filing a claim.
