Capital One Bank Settlement 2024: How Much Will I Get?
Hey there! Did you hear about the Capital One Bank Settlement for 2024? If you were affected by the 2019 data breach, you might be wondering how much compensation you can get. No worries, we’ve got you covered with all the juicy details. Let’s dive in!
What Is the Capital One Bank Settlement About?
In July 2019, Capital One experienced a major data breach that exposed the personal information of approximately 98 million U.S. consumers. This breach included sensitive information like names, addresses, birth dates, credit scores, and even Social Security numbers. Yikes!
As a result, numerous lawsuits were filed, and a $190 million settlement was reached. Now, Capital One is set to compensate those affected by the breach. But, how much exactly will you get? Let’s break it down.
How Much Will You Get?
The settlement amount will be shared among the 98 million affected individuals. On average, each eligible claimant will receive approximately $25,000. However, this amount is subject to deductions for legal fees and administrative costs, so the final payout might be slightly less.
Eligibility Requirements
To qualify for the settlement, you must meet the following criteria:
If you meet these criteria, you’re in luck!
How to Claim Your Settlement
Claiming your settlement amount is straightforward. You need to fill out the Capital One Bank Settlement Form 2024. Payments began on September 27, 2023, and are ongoing. The exact payout date varies, so stay tuned for updates.
Other Benefits
Aside from the monetary compensation, Capital One is offering extended Identity Defense Services and Restoration Services through February 13, 2028. These services include dark web monitoring, credit monitoring, identity restoration, and more.
Final Thoughts
The Capital One Bank Settlement is a significant step toward compensating those affected by the 2019 data breach. While the average payout is $25,000, remember that this could vary after legal deductions. Make sure to fill out your claim form and take advantage of the additional identity theft protection services.
Got any questions or experiences to share? Drop a comment below!
FAQs
When will I receive my payment?
Payments started on September 27, 2023, and are ongoing. The exact date you receive your payment can vary.
How can I check if I am eligible?
You can confirm your eligibility by calling 1-855-604-1811 (Toll-Free).
What should I do if my contact information has changed?
Update your contact information by sending a signed letter with your former and current addresses to the Capital One Data Breach Settlement Administrator at P.O. Box 4518, Portland, OR 97208–4518.
Stay safe and informed!
