June 30, 2009
Question about Identity theft and credit fraud?
If someone charges up stuff on someone else’s credit cards, is it not possible to simply call the bank and say you did not charge it ?
How can someone steal your identity and charge up stuff on your credit and that still screw up your credit? where is the protection for consumers?
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Comments on Question about Identity theft and credit fraud? »
Probably you have some wrong items in your credit report. Use credit repair service to find and remove such bad stuff from your credit – freecreditreport.sinfree.net
You can dispute the charges with the credit card company, close the account and hope they will remove the charges. This isn’t always so easy though because what would stop me from going to Best Buy, buying a $1,000 TV and then go to my bank and say my card was stolen and didn’t charge the TV. So in essence I would be getting the TV for free. That is a reason a bank would be reluctant to do anything.
People steal your identity by finding out your name, birthday and social security number. They take that information and get credit cards, loans and other things in your name. The protection is up to you. You have to make sure to protect your credit cards, your birthday and social security number from people that doesn’t know you. Its not up to anyone else to protect you.
Yes. The bank will assume you are telling the truth (and you better be) and will usually cover the cost. You report the card stolen and tell them those arent your charges. Then you have them give you a new card with a new account number and cancel the old one.
It wont screw up your credit if you tell the credit card company it wasnt you.