Purpose Financial Data Incident Class Action Settlement
If you received a February 2023 data-breach notice from Purpose Financial (Advance America), you could collect up to $5,000 for documented losses or cash payments estimated at $50–$100. Submit a claim online or by mail no later than February 2 2026.
Download Claim Form (PDF)At-a-Glance
- Settlement fund: $7.75 million (non-reversionary)
- Eligible class: U.S. residents whose name + SSN were in files accessed on ≈ Feb 7 2023 and who got a breach notice
- Cash benefits:
- Documented out-of-pocket losses – up to $5,000
- Pro-rata cash payment – about $50 (may adjust)
- Extra $50 for California residents at time of breach
- Claim deadline: February 2 2026
- Opt-out / objection deadline: January 2 2026
- Final approval hearing: March 17 2026, U.S. District Court, Greenville, SC
Do You Qualify?
You are a “Settlement Class Member” if:
- You lived in the United States; and
- Your name and Social Security number were stored in Purpose Financial’s compromised files; and
- You received the official breach-notification letter sent in 2023.
The following are not eligible: the presiding judge and family, Purpose Financial officers/directors, and anyone who timely requests exclusion.
How Much Money Can You Get?
- Out-of-Pocket Losses – up to $5,000
Reimbursement for unreimbursed fraud costs, credit-freeze fees, professional fees, credit-monitoring expenses, postage, notary, and other reasonable costs dated on/after Feb 7 2023. - Pro-Rata Cash Payment – ≈ $50
All valid claimants receive an equal share of the remaining fund after other deductions; amount may go up or down. - California Resident Bonus – ≈ $50
Additional cash for class members who lived in California when the breach occurred.
Key Deadlines
- Submit claim: Feb 2 2026
- Opt-out / object: Jan 2 2026
- Final approval hearing: Mar 17 2026
How to File a Claim
- Complete the online or paper Claim Form (link above).
- Attach documentation for any out-of-pocket expenses (receipts, bank statements, etc.).
- Submit online or mail to the Settlement Administrator by Feb 2 2026.
Important Documents
Review the full court filings:
Settlement Agreement (PDF) Preliminary Approval Order (PDF) Long-Form Notice (PDF)Frequently Asked Questions
What is the Purpose Financial Data Incident Class Action Settlement about?
Plaintiffs allege Purpose Financial failed to safeguard consumer data, allowing an unauthorized party to access files containing names and Social Security numbers on ≈ Feb 7 2023. The company denies wrongdoing but agreed to a $7.75 million settlement.
How do I know if I am included?
If you received the 2023 breach-notification letter and your SSN was in Purpose Financial’s impacted files, you are in the Settlement Class unless you opt out.
How do I get the estimated $50 cash payment?
Simply file a claim by the deadline. No receipts are required for the pro-rata cash benefit.
What proof is required for the $5,000 reimbursement?
You must upload or mail documentation (bank statements, invoices, receipts, police reports, etc.) showing unreimbursed losses that are reasonably attributable to the breach.
When will payments be sent?
Payments will be issued after the court grants final approval and any appeals finish—usually several months after the March 17 2026 hearing.
Can I sue Purpose Financial later?
No. If you stay in the settlement and do not opt out by Jan 2 2026, you give up the right to sue over the data incident.