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By Clare O’Gara
Thu | Nov 7, 2019 | 6:58 AM PST

Well, that's not a great turnout.

After the Equifax data breach was settled with U.S. states in July, the company offered victims two options:

  • 10 years of free credit monitoring, or;
  • Up to $125 in cash compensation

Most people are going for the cash. In fact, Equifax reports that only 2% of eligible breach victims are choosing the free credit monitoring.

MarketWatch covered the story:

The filing indicates the bucket of money for the cash compensation, capped at $31 million, will be used up. There's a separate bucket of money—$69 million —that will be used to compensate victims' lost time. So far, victims have filed claims for cash and lost time totaling more than $60 million, attorneys wrote.

Consumers have until Jan. 22, 2020 to file claims either for free credit monitoring, the cash payment, or to cover out-of-pocket losses from the breach. More people will "undoubtedly" sign up for the free credit monitoring by that point, their filing said.