In February 2022, Professional Finance Company (PFC), a debt collection agency serving various industries including healthcare, experienced a significant data breach. This Professional Finance Company data breach settlement compromised the personal information of approximately two million individuals, exposing sensitive data such as names, Social Security numbers, and medical details. As a result, PFC has agreed to a $2.5 million class action settlement to compensate those affected. If you received a notification letter regarding this incident, you may be eligible for compensation.
This article provides a comprehensive overview of the settlement, including background information, eligibility criteria, potential compensation amounts, claim filing procedures, and important deadlines.
Background of the Professional Finance Company Data Breach Settlement
On February 26, 2022, PFC detected unauthorized access to its computer systems. Cybercriminals infiltrated PFC’s network, compromising sensitive personal information belonging to approximately two million individuals. The compromised data included names, addresses, dates of birth, Social Security numbers, and medical and health insurance information.
Following the Professional Finance Company Data Breach Settlement, affected individuals began receiving notification letters from PFC, informing them of the incident and advising them on steps to protect their identities. Despite these efforts, concerns remained regarding the adequacy of PFC’s data security measures prior to the breach. This led to the filing of a class action lawsuit—Rodriguez v. Professional Finance Company, Inc.—alleging that PFC failed to implement reasonable cybersecurity measures to safeguard customer data.
The plaintiffs accused PFC of negligence, breach of implied contract, unjust enrichment, invasion of privacy, and violations of various state consumer protection laws. While PFC denied any wrongdoing, the company agreed to a $2.5 million settlement to resolve the litigation. The settlement aims to compensate those affected and provide services to mitigate potential harm resulting from the breach.
Who Is Eligible for the Settlement?
You may be eligible for compensation under the Professional Finance Company data breach settlement if you meet the following criteria:
- Notification Letter Recipient: You received a data breach notification letter from PFC indicating that your personal information was compromised in the February 2022 data breach.
- Residency: You are a natural person residing in the United States.
The settlement class is divided into two subclasses:
- SSN Subclass: Individuals whose Social Security numbers were compromised.
- Non-SSN Subclass: Individuals whose personal information was compromised, excluding Social Security numbers.
Potential Compensation Amounts
Eligible claimants can receive the following benefits:
- SSN Subclass Members:
- Up to $500 for documented out-of-pocket expenses related to the breach, such as bank fees, credit monitoring costs, or identity theft-related expenses.
- 24 months of free credit monitoring services.
- An additional $50 payment for California residents.
- Non-SSN Subclass Members:
- 24 months of free identity theft monitoring services.
It’s important to note that reimbursement claims require supporting documentation.
How to File a Claim
To file a claim:
- Visit the Official Settlement Website: professionalfinancesettlement.com
- Submit Your Claim:
- Complete the online claim form.
- Provide necessary documentation for reimbursement claims.
- Choose your preferred method of compensation (e.g., check or electronic payment).
Alternatively, you can download a claim form from the website and mail it to:
Rodriguez v. Professional Finance Co. Inc.
c/o Kroll Settlement Administration LLC
PO Box 225391
New York, NY 10150-5391
How Sparrow Makes Claiming Your Settlement Easier
Filing a claim in the Professional Finance Company data breach settlement might feel overwhelming, especially if you’re not sure where your documentation is or if you’re eligible without clear proof. Fortunately, Sparrow simplifies this process dramatically.
Sparrow specializes in helping consumers quickly discover and claim settlements they’re entitled to, often without needing extensive documentation or proof of purchase. By signing up with Sparrow, you can effortlessly navigate the Professional Finance Company data breach settlement and maximize your potential payout.
Why struggle with forms, deadlines, and paperwork on your own when Sparrow can handle the complexities for you? With Sparrow’s streamlined approach, you can focus on peace of mind while they ensure you’re properly compensated.
Visit usesparrow.com today and let Sparrow handle your claim effortlessly.
Important Deadlines
- Claim Submission Deadline: April 25, 2025
- Exclusion and Objection Deadline: January 13, 2025
- Final Approval Hearing: April 17, 2025
Ensure your claim is submitted by the deadline to be considered for compensation.
Conclusion
The Professional Finance Company data breach exposed the personal information of millions, leading to potential risks of identity theft and financial loss. The $2.5 million settlement provides an opportunity for affected individuals to receive compensation and protective services. If you were impacted by this breach, take action now to file your claim before the April 25, 2025 deadline. Visit professionalfinancesettlement.com to begin the process and secure your rightful compensation.