Nowadays crimes are increasing each day as people lose their jobs, become desperate for food and survival and think they have no other option but to steal. Similarly, credit card fraud is also another kind of crime that deals with deception, dishonesty and trickery. What usually happens is that someone who does not own the credit card makes people or rather business owners, shop keepers into believing that they are. In doing so, the merchants then provide merchandise or different services that the person requires, while believing that the credit card will pay for the work that has been done. It is then after the services have been carried out that the business owners realize that they are either not getting paid at all or the payment that they did get will go back to the bank that issues the credit card. All this because they have just been the victim of credit card fraud and hence receive nothing in return for their services.
Due to this reason, today, business owners are making sure they are careful in making sure the credit card is not fraudulent and check the numbers repeatedly to avoid any losses. The most obvious way that credit card fraud may have occurred is through the stolen card and is being used against your wishes. Once stolen, the thief will be able to use the card as he wishes and make charges on the card. The only way you can get a clue as to what is happening is either when the credit card company alerts you about the fact that your card has gone over the limit and why that is happening. Or, you can yourself notify the company and cancel all charges made.
There a few simple guidelines that you can follow in order to report credit card fraud. Once this happens, you may have more losses than you figured out so it is highly important that you hand over the case to the proper authorities. The first step that you can take is to get a free credit report which you can find online or you could call an agency. Once that is done, you should go to your local police and file a report. This can be done either over the phone or by going down to the local station, as per your convenience. Once the document has been filed, get a hard copy of it and keep it safe. The next step is to go to your bank and tell them to freeze all accounts that you have and tell them about the fraud. Also, a good idea would be to change the numbers on your account to prevent further access. Make a call to the company that issued the credit card and tell them to monitor all charges being made and to update you repeatedly. Also, you should report the fraud to the Federal Trade Commission for they might be more helpful.
Tips and comments:
You should follow these steps to make sure that everything has been properly. The minute you will notify the credit card company, they will monitor all charges which will give you more clues. Also, freezing all your accounts will keep the rest of them safe and hence, you need to do that immediately. Credit card fraud can happen to anyone, so simply follow the steps and be safe.
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