Free TrustedID Premier Credit Monitoring Service for 1 Year

Do not enroll in this service or even check if you are affected using equifaxsecurity2017.com. You waive your right to participate in any class-action lawsuit if you enroll in TrustedID.

https://www.reddit.com/r/personal..._you_want/

http://www.equifax.com/terms

Please be aware that enrollment in the TrustedIDPremier program forces you into binding arbitration, removing your ability to be party to any class-action or even bringing action against Equifax alone should this data breach seriously affect you.

Though the Terms page I linked is going up and down, here's the important part:

...AGREEMENT TO RESOLVE ALL DISPUTES BY BINDING INDIVIDUAL ARBITRATION. PLEASE READ THIS ENTIRE SECTION CAREFULLY BECAUSE IT AFFECTS YOUR LEGAL RIGHTS BY REQUIRING ARBITRATION OF DISPUTES (EXCEPT AS SET FORTH BELOW) AND A WAIVER OF THE ABILITY TO BRING OR PARTICIPATE IN A CLASS ACTION, CLASS ARBITRATION, OR OTHER REPRESENTATIVE ACTION. ARBITRATION PROVIDES A QUICK AND COST EFFECTIVE MECHANISM FOR RESOLVING DISPUTES, BUT YOU SHOULD BE AWARE THAT IT ALSO LIMITS YOUR RIGHTS TO DISCOVERY AND APPEAL...


Edit: https://www.myfico.com/Include/St...Conditions
Attachment A has the full T&C of TrustedID services - the text for binding arbitration is more restrictive than what I've previously added.


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Retroactive Opt-Out of Waiver:

https://www.washingtonpost.com/ne...51b5141e28

Friday morning, after social media users began complaining about the arbitration clause, Equifax updated its terms of service to give consumers an escape hatch if they do not wish to be bound by its language.

Here's how the opt-out provision reads:

In order to exclude Yourself from the arbitration provision, You must notify Equifax in writing within 30 days of the date that You first accept this Agreement on the Site (for Products purchased from Equifax on the Site). …

[You] must include Your name, address, and Equifax User ID, as well as a clear statement that You do not wish to resolve disputes with Equifax through arbitration.

This language helps address some of the concerns, but it requires consumers to remember to write to Equifax.

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9/10/17 UPDATE FROM EQUIFAX via same Washington Post article cited above:

Update, Sept. 10, 2:25 p.m.: Equifax issued a new statement Sunday further clarifying its stance on the arbitration clause. "To confirm, enrolling in the free credit file monitoring and identity theft protection products that we are offering as part of this cybersecurity incident does not prohibit consumers from taking legal action," Equifax said. The company said it has now removed the arbitration language from the terms of use on its data breach notification site, equifaxsecurity2017.com. It also said Sunday that the terms of use on Equifax's main site, equifax.com, do not cover the TrustedID Premier service, which has its own terms of use. "Again," Equifax continued, "to be as clear as possible, we will not apply any arbitration clause or class action waiver against consumers for claims related to the free products offered in response to the cybersecurity incident or for claims related to the cybersecurity incident itself."

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