You won't see that $125 from Equifax, so don't bother claiming it, says FTC

Millions of people have been signing up to receive what they think is a $125 cash reimbursement from Equifax for its criminal mishandling and exposure of their personal and financial data. In the settlement, Equifax set aside $300 million to pay for credit monitoring for everyone affected by the historic hack (rivaled perhaps only by this week's of Capital One), and you're due that if you want it. There's just one problem: Equifax only set aside a paltry sum of $31 million for these cases, which is just enough for about a quarter of a million people to receive that $125 — well under the millions that are now submitting claims.