Target may have agreed to a $10 million class-action lawsuit settlement, but trying to actually collect payment could be rather difficult. Consumers trying to cash in will need to submit documentation of fraudulent losses, which can be rather hard to prove.
Many fraudulent charges are caught by a bank or credit card company - and even if a charge isn't caught - the bank or credit card company typically takes care of fraud-based purchases.
"The law generally does not compensate consumers for their hassle," the USA Today learned. "In terms of being able to document that and say, I as a consumer have suffered legal damages, that's a very tough putt for a consumer."
To collect, victims must have suffered an unauthorized and unreimbursed charge; time spent addressing unauthorized charges; costs to hire someone to correct their credit report; a higher interest rate, or payment of higher interest fee; lost access to funds; associated fees paid on the account; or credit-related costs to acquire credit monitoring or purchase a credit report.