Equifax Victims Swarm To Collect Settlement Checks

Federal Trade Commission Warns Equifax Victims They Will See Smaller Settlement Checks

Equifax victims
The Federal Trade Commission is facing an issue over the Equifax settlement. Droves of Equifax victims are choosing a $125 cash payment over credit monitoring. Consumers are blowing up the math of the mega-settlement announced July 22.
The FTC is now saying Equifax victims will see lower settlement checks.
The FTC sent out statements last week including a press release and a blog post assuring victims a payment was still a choice. However, they urged people to chose the credit monitoring.
The statements also said the actual amount would be much smaller than the $125 initially offered. The FTC claims they hadn’t foreseen that so many people would want the cash. As a result, the FTC promised the payment-seekers, “You will be disappointed.”

Comments

Post a Comment

Popular posts from this blog

SLS COVID-19 Foreclosure Defense Hotline! Call 888.737.6344

Image
  MFI-Miami Launches The SLS COVID-19 Foreclosure Defense Hotline! Call Us At 888.737.6344 MFI-Miami has created the SLS COVID-19 Foreclosure Defense Hotline. If you're facing foreclosure from SLS during these perilous times during the coronavirus pandemic, we can help. Call 888.737.6344. The coronavirus pandemic has put America is in a crisis. MFI-Miami is doing our part to help during these perilous times. Unfortunately, SLS doesn't see it that way. It appears they have ignored President Trump's call for a payment and foreclosure moratorium. Yes, we know this for a fact. An MFI-Miami client was served with a foreclosure lawsuit by SLS during this national emergency. An MFI-Miami client claims they have been threatened with foreclosure lawsuits by SLS during this national emergency. Yes, we know this for a fact. An MFI-Miami client was served with a foreclosure lawsuit by SLS during this national emergency. As a result, MFI-Miami has created a foreclosure defense team excl...
Read more

1st Freddie Mac Fire Sale Of 2018 Announced

Image
1st Freddie Mac Fire Sale Of 2018 Announced. $420 Million Of Non-Performing Loans Up For Auction Freddie Mac has announced the first Freddie Mac fire sale of 2018. The auction will consist of seasoned non-performing loans held in Freddie Mac's mortgage investment portfolio. Shellpoint Mortgage Servicing is the servicer of the loans. The Freddie Mac Fire Sale consists of four mortgage pools. The sale contains three standard pool offerings and one extended timeline pool offering. The later auction targets participation by smaller investors including nonprofits and minority or female-owned businesses. Freddie Mac announced bids for the standard pools are due from qualified bidders on March 13, 2018. The GSE also announced a deadline of March 27, 2018, for the EXPO pool. Freddie Mac is also requiring bidders to complete a qualification package in order to bid. The GSE also stated bids must be made on an all-or-none basis. Bidders can bid on any pool separ...
Read more

Staten Island Foreclosure Defense Call 917.426.5958

Image
Experience The Most Aggressive Staten Island Foreclosure Defense Team Ever Assembled MFI-Miami has created the most aggressive Staten Island foreclosure defense team New York has ever seen! We are the only foreclosure and mortgage experts with the strength to successfully challenge any Wall Street lender in a Richmond County or New York courtroom. Our competitors show off one or two victories but they can't beat our track record. How do we know this? Because we have the 10-year track record  to prove it!  MFI-Miami's Staten Island foreclosure defense team has become a lender's worst nightmare. Why? MFI-Miami has successfully challenged some of the most arrogant foreclosure mill lawyers and Wall Street lenders in New York. For nearly 10-years, MFI-Miami CEO Steve Dibert has developed a reputation of bringing Wall Street banks to their knees. He has even humiliated bank lawyers and made bank executives sob like babies during depositions.  S...
Read more