You could get $5K from a $25 million settlement—check if you're eligible with one simple document
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The digital age has made life more convenient, but it has also exposed consumers to serious risks.
A recent data breach settlement serves as a stark reminder of these dangers.
If you were affected, there is good news.
At The GrayVine, we strive to keep you informed about these financial opportunities—especially when they can help offset the impact of a data breach.
In today's world, our personal information is stored online more than ever.
Unfortunately, that also means companies are vulnerable to cyberattacks.
Between January 3, 2024, and January 5, 2024, mortgage lender loanDepot suffered a data breach.
The breach compromised sensitive customer details, including:
While the company has not admitted any wrongdoing, it has agreed to settle the case.
The settlement offers cash payments to eligible individuals.
If you are part of the settlement class, you could receive up to $5,000.
The final amount each claimant receives will depend on the total number of claims submitted.
Two crucial deadlines have been set.
The final approval hearing for the settlement will take place on August 18, 2025.
More importantly, the deadline to submit a claim is May 27, 2025.
To qualify for compensation, you must submit proof of losses caused by the breach.
Acceptable documents include:
The loanDepot case is not the only data breach settlement happening right now.
T-Mobile customers claimed the company failed to take adequate cybersecurity precautions to prevent the breach.
If you were affected, you may also qualify for compensation by proving your personal data was compromised and that you suffered damages as a result.
No one can completely eliminate the risk of cyberattacks, but staying informed is the best defense.
By filing a claim, you are not just securing compensation for yourself.
You are also sending a message that companies must take stronger measures to protect customer data.
Have you been affected by a data breach before? Do you have tips for protecting personal information or navigating the claims process? Share your experiences in the comments below—your insights could help others.
Read next: Data breach aftermath: Are you eligible for an $8,050 payout?
A recent data breach settlement serves as a stark reminder of these dangers.
If you were affected, there is good news.
At The GrayVine, we strive to keep you informed about these financial opportunities—especially when they can help offset the impact of a data breach.
In today's world, our personal information is stored online more than ever.
Unfortunately, that also means companies are vulnerable to cyberattacks.
Between January 3, 2024, and January 5, 2024, mortgage lender loanDepot suffered a data breach.
The breach compromised sensitive customer details, including:
- Names
- Dates of birth
- Addresses
- Email addresses
- Phone numbers
- Social Security numbers
- Financial account information
While the company has not admitted any wrongdoing, it has agreed to settle the case.
The settlement offers cash payments to eligible individuals.
If you are part of the settlement class, you could receive up to $5,000.
The final amount each claimant receives will depend on the total number of claims submitted.
Two crucial deadlines have been set.
The final approval hearing for the settlement will take place on August 18, 2025.
More importantly, the deadline to submit a claim is May 27, 2025.
To qualify for compensation, you must submit proof of losses caused by the breach.
Acceptable documents include:
- Bank statements
- Receipts
- Account statements
- Invoices
- Credit reports
The loanDepot case is not the only data breach settlement happening right now.
T-Mobile customers claimed the company failed to take adequate cybersecurity precautions to prevent the breach.
If you were affected, you may also qualify for compensation by proving your personal data was compromised and that you suffered damages as a result.
No one can completely eliminate the risk of cyberattacks, but staying informed is the best defense.
By filing a claim, you are not just securing compensation for yourself.
You are also sending a message that companies must take stronger measures to protect customer data.
Read next: Data breach aftermath: Are you eligible for an $8,050 payout?
