Unauthorized Credit Card Charges, What to do about it?

Unauthorized Credit Card Charges, what to do about it? Unauthorized Credit card charges can be a pain and scary to deal with, but undoubtedly you don’t have to pay for these charges if you find them out tiny and report promptly. To spot unauthorized charges, you have to pay close attention to every transaction on your credit card statements despite the amount big or small. To notice unauthorized charges, your transactions must be monitored especially online, throughout the month rather than waiting until your billing statement arrives your mail.

Unauthorized Credit Card Charges

Recognized unauthorized Credit card charges on time

Unauthorized Credit charges include any type of charge to your, account that you did not grant permission for. Often, unauthorized charges always result from typically error or computer glitch. Sometimes, unauthorized charges resulting from credit card theft. Either from a stolen credit card or a compromised credit card number, whichever way, it’s your sole responsibility to search and report these charges as soon as possible to, therefore, minimize your liability for charges you didn’t make. However, before reporting charges to your credit card issuer, ensure that the charges weren’t made by a joint account holder or authorized user of the account.

Early Detection Of Unauthorized Charges

Most unauthorized Credit card charges do not notice for several months due to cardholders not going through their credit card statements thoroughly. However, early detection is very important, when it comes to correcting unauthorized Credit card charges. If you delay in reporting any unauthorized charges to notice on your account, you could be held liable for such charges. Specifically, the Fair Credit Billing Act says that you should report unauthorized charges and any other credit card billing errors to your credit card issuer not less than 60 days of the date of the statement having the error was mailed.

Report all unauthorized charges to your credit card issuer, despite the amount involved. In a particular type of credit card scam, thieves make a small charge to your account. They will start with a small amount to check if the account isactive  then follow with a large amount.

Report Unauthorized Credit Card Charges

When your account indicate any incessant transactions  that you’re sure of not engaging in, put a call through to your credit card issuer, using the number on the back of your credit card. If you do not have your credit card, or have misplaced it or didn’t save a copy a copy on your phone number. Use a recent billing statement or card issuers website to find the correct answer.

Once you have seen the correct number for the Credit card issuer, call and report concerning the unauthorized credit card charges. They will definitely cancel the compromise card account and reissue a new credit card and a new account number.

In addition, to ensure your rights are protected, follow up with a dispute letter that explains the issue to them. Reference your phone call and include the name of the customer service representative that spoke with you.

Some credit card require you to first to try resolve the unauthorized charge with the merchant. You can typically identify the merchant by reviewing your credit card statements. However, theftsometimes hack into the merchant information making it appear as if charges were made with a particular merchant when it was not actually so. In this case, it has to be resolve through your credit card issuer rather than with the merchant.

Protect Your Right

Unauthorized charges made before you report a missing credit cardby law, you can be liable for up to $50. But many credit card issuers have zero fraud liability policies that remove, your liability for fraudulent charges. In addition, the Fair Credit Billing Act says that you’ll never be liable for unauthorized charges made while your card was in your possession. In other words, if the unauthorized charges made with your credit card account information rather than your credit card, you won’t be held liable as long as you still have physical possession of your credit card.

Once you dispute an unauthorized charge, the Credit Card issuer will typically remove it from your account. In the meantime, you’re not responsible for paying the disputed portion of your balance. The card issuer can’t charge any fees or interest on that unpaid balance unless it’s later determined that you indeed authorizeed the charge.

In conclusion, report unauthorized charges as soon as you notice them with a letter to your credit card issuer to be sure that your rights are fully protected. Make the required steps to protect your credit card information to prevent future unauthorized charges.


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