Sentences with phrase «fraudulent credit card debt»

Fraudulent credit card debt settlement programs have become such a problem in New York that the city's Department of Consumer Affairs (DCA) is warning consumers about using them.

Not exact matches

Unlike a debit card, when your credit card is used fraudulently you are not losing your own money, you are instead having the fraudster run up a credit card debt which you can explain to your credit card provider when you report your card missing or stolen or you notice the fraudulent transactions, and your own funds and savings are not affected.

The bottom line is any use of credit cards with the intention of not paying the debt back is fraudulent.

For example, debts from taxes, bad checks and the fraudulent use of a credit card may not be erased (depending on the circumstances).

A debt validation program is designed to protect a person's rights and help them to avoid harm due to fraudulent or unfair collection practices based on the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Credit Card Act of 2009 and three other federal ldebt validation program is designed to protect a person's rights and help them to avoid harm due to fraudulent or unfair collection practices based on the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Credit Card Act of 2009 and three other federal lDebt Collection Practices Act, the Credit Card Act of 2009 and three other federal laws.

Using credit cards when you have no intention of repaying the debt is the very definition of fraudulent use.

Phony debt collectors can use your information to commit identity theft by charging your existing credit cards, or opening new credit card, checking, or savings accounts, writing fraudulent checks, or taking out loans in your name.

Even if you've never had a credit card, it would be a good idea to check your credit score just in case any old debts or bills you've forgotten about / defaulted on are already pulling your credit score down, or if your identity has been stolen and your credit history now has fraudulent information.