$2.5M Professional Finance Company Data Breach Class Action Settlement

Unsplash | Published: January 27, 2025

Claim Form Deadline: February 12, 2025

Payout: Up To $500.00

Proof required: Yes

What's the $2.5M Professional Finance Company Data Breach Class Action?

A $2,500,000 class action lawsuit was settled with Professional Finance Company. The class action lawsuit concerns a data security incident that occurred in February 2022 involving the company, Professional Finance Company. The class action alleged that unauthorized third parties accessed sensitive personal information of consumers, including Social Security numbers, due to PFC's inadequate data security measures.

Professional Finance Company, Inc. (PFC), is being held liable because the plaintiffs allege that PFC failed to implement and maintain reasonable security measures to protect sensitive personal information. The allegation is that as a result, an otherwise preventible data security incident occurred in February 2022, where unauthorized third parties accessed personal information, including Social Security numbers. The class action claims that this breach of data security led to potential harm and losses for the affected individuals, and they filed the lawsuit to seek compensation and other remedies for these alleged failures in data protection.

What is the Total Settlement Amount?

The total settlement amount is $2,500,000. This fund will cover compensation to class members, attorneys' fees, administrative expenses, and service awards to the class representatives.

How Do I Qualify For a Payout?

To may qualify for a payout, if your personally identifiable information was impacted by the February 2022 Professional Finance Co. Inc data breach and who received a notice about the data breach. You must also submit a valid and timely claim form by the final deadline of February 12, 2025.

How Do I Find Class Action Settlements?

Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

How Much Can I Get Paid?

Class action payments are broken up into two tiers - The SSN Subclass, and the non-SSN subclass, presumably the consumers who had their social security numbers breached, and those that did not. To determine whether you are an SSN Subclass Member or a Non-SSN Subclass Member, you should refer to any notice you received about the settlement. The notice should specify which subclass you belong to based on the information impacted in the data breach.

• SSN Subclass Member: Your Social Security Number was potentially accessed or implicated in the data breach. Social Security / SSN Subclass Members can receive up to $500 for unreimbursed losses, $50 if they were California residents at the time of the breach, and 24 months of free credit monitoring.
• Non-SSN Subclass Member: Your Social Security Number was not potentially accessed or implicated in the data breach. Non-SSN Subclass Members can receive 24 months of free identity monitoring.

How Do I File a Claim?

You can file a claim by completing and submitting a Claim Form available at the settlement website www.PFCdatasettlement.com or by mailing the form to the Settlement Administrator. The claim must be submitted or postmarked by the deadline of February 12, 2025.

Do I Need Proof to File a Claim?

No documentation may be required to claim the California Resident Payment or Credit Monitoring. Non-SSN Subclass Members do not need documentation to claim free Identity Monitoring as a result of the data breach class action settlement.

Claim Form Website: Professional Finance Settlement Site

Submit Claim

Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

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