PHOENIX (3 On Your Side) - An important deadline is looming if you're one of the 147 million people who was impacted by the massive Equifax data breach in 2017. Wednesday, Jan. 22 is the last day to file a claim if your personal information was compromised. That breach exposed information including names, dates of birth, Social Security numbers, and addresses.

[WATCH: What you need to do right now]

In July 2019, Equifax and the Federal Trade Commission agreed to a settlement, allowing consumers who suffered losses as a result of the breach to claim up to $20,000.

Consumers who did not lose money have a choice -- free credit monitoring or a one-time cash payment of up to $125 if they already had credit monitoring services.

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Millions claimed the cash, so the FTC warned consumers the cash payout would be dramatically lower than expected. The agency encouraged consumers to claim credit monitoring instead, which includes four years of three-bureau credit monitoring through Experian and an additional six years of one-bureau credit monitoring through Equifax.

[RELATED: A year after Equifax breach, no enforcement actions (Sept. 8, 2018)]

[TOOL: Was your info exposed?]

The settlement was finalized last week, and according to court documents, the Experian credit monitoring service is worth $24.99 per month.

CLICK HERE to file a claim.

Parents can make claims for minors whose information was compromised.

[FROM THE ARCHIVES: Your info has been hacked. Here's what you should do]

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