Credit Card Fraud

I have a friend (I swear this isn't me) whose mother filed for credit cards and loans under both her and her sister's credit lines, forging their names on the signatures for the money. It has gotten to the point where there is about $80,000 each girl ($160,000 total) in total debt. She has no prior offenses, so if charges were filed, what kind of penalties would the mother be looking at if she were charged with Credit Fraud?

A long time in jail.
they dont play with this kinda stuff,
especially adults.

2008-11-25 04:12:40 by fengaraerith

channel 4 exposes call center fraud in India

I'm a victim of credit card fraud. How can they do it while I still have my card? What I did wrong? What else I should worry about? Should I worry about identity theft now? Thanks

All anyone needs to make fraudulent charges on your credit card is the credit card number and the expiration date. In most cases, merchants won't even ask for the 3-digit verification number on the back of the card.

This happened to me several years ago. I used my card at a pizza place, then discovered that fraudulent charges had been made while the card was still in my possession. You don't need to worry about identity theft. Nobody can open a credit account in your name without your social security number. But you do need to contact the credit card company immediately to dispute the charges if you haven't done so. They will have to cancel that credit card and issue you a new number.

2009-09-02 19:06:33 by Sad Mommy

Price: $100.00 $100.00

What are the types of credit card fraud and what is the best way to prevent it? Just wondering since I just saw on my credit report that my ex husband had used my social security number, on all things, doctor's bills and never paid...and this was 4 years AFTER the divorce.

Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. Credit card fraud is also an adjunct to identity theft.

Ten Tips to Prevent Credit Card Fraud

1. Keep a list of your credit card numbers, expiration dates, and the phone numbers of all card issuers in a safe place.

2. Credit card issuers offer a variety of terms (annual percentage rates, methods of calculating balances subject to finance charges, minimum monthly payments, and actual membership fees). When selecting a card, compare the terms offered by several card companies to find the card that suits your needs.

3. When you use your credit card, watch your card after giving it to a clerk. Take your card back promptly after the clerk is finished and make sure the card is yours.

4. Never sign a blank receipt. Draw a line through any blank spaces above the total when you sign receipts. Tear up the carbons when you take your credit card receipt.

5. Open credit card bills promptly and compare them with your receipts to check for unauthorized charges and billing errors.

6. Write card issuers promptly to report any questionable charges. Written inquires should not be included with your payment. Instead, check the billing statement for the correct address for billing questions. The inquiry must be in writing and must be sent within 60 days to guarantee your rights under the Fair Credit Billing Act.

7. Avoid giving your credit card number over the telephone unless you know the company is trustworthy. Never write your card number on a post card or on the outside of an envelope.

8. Sign new cards as soon as they arrive. Destroy expired cards. Cut up and return unwanted cards to the issuer.

9. If one of your credit cards is missing or stolen, report the loss as soon as possible to the card issuer. Check your credit card statement for a telephone number to report the stolen card. Follow up your phone call with a letter to the card issuer. The letter should contain your card number, the date the card was missing, and the date you reported the loss.

10. If you report the loss before a credit card is used, the issuer cannot hold you responsible for any subsequent unauthorized charges. If a thief uses your card before you report it missing, the most you will owe for unauthorized charges on each card is $50.

2007-08-30 11:57:18 by mshellrosie

Price: $65.00 $65.00

I kept hearing about credit card fraud. Yet nobody ever explained how a fraudulent credit card transaction begins. May I know what are the initial steps leading to a credit card fraud?

There are many ways to initiate a fraudulent credit card transactions. Sometimes, carelessness on the part of the cardholder, laxity on the part of the merchants, and not having too much precaution on the others.
Of course, these are just some of it.
If you want to know more, there is a particular website and an article that answers your questions more thoroughly than I do. I listed the link below for you. You can browse through these links at your convenience.
Hope this helps...

2007-07-16 22:20:15 by Charlie

I had fraud of about 1700 dollars on my credit card. It was reimbursed but I want to know if it is worth it to report it to the RCMP or local police.

There is no limit. Using someone else's credit card regardless of the amount is an offence.

2009-08-03 11:36:11 by Nova