Should You Apply for Cash Or Free Credit Monitoring in the Multi-million Dollar Equifax Settlement?

Watchdog, what's the deal with the new $600 million Equifax settlement? I heard on the news I might be able to get $125.Supposedly. But so many Americans jumped on this in the first two weeks that cash payouts are now being discouraged in favor of free credit monitoring.What do I have to do?I'll show you, but I warn you, it's a tad complicated.How so?Unlike most of these settlements where you just fill out a coupon and claim you were involved, in this one you have to prove you lost time or money because of the data breach, or that you have paid for credit monitoring. You need paper proof.  Continue reading...