Fraud: There is no single definition of fraud, but some types of credit fraud that occur include: • Identity theft: the unauthorized use of personal identification information to commit fraud or other crimes • Identity assumption: long-term victimization of identification information • Fraud spree: unauthorized charges on existing accounts Sources of fraud Just as there [...]
By CreditCards.com Starting Thursday, when the first phase of the new Credit Card Accountability, Responsibility and Disclosure (CARD) Act goes into effect, credit card users will be armed with a new right to say no to — that is, opt out of — interest-rate increases and other changes in their credit card agreements. Under the [...]
Unfortunately, legitimate credit repair and restoration companies have taken a lot of heat over the last decade because some organizations made false claims and often times did nothing to help consumers. The FTC and state attorney generals have been working hard to remove the bad companies and to make sure the good ones are operating [...]
Fraud is an intentional deception made for personal gain or to damage another individual. There are several types of credit fraud including: Identity theft: the unauthorized use of personal identification information to commit fraud or other crimes Identity assumption: long-term victimization of identification information Fraud spree: unauthorized charges on existing accounts Sources of fraud Just [...]