How To Eradicate Fraud Credit Card Debt
These days, credit card fraud has become very widespread. If you fall victim of credit card fraud, you will be to blame for the debt that you have not acquired. The impact of a credit card fraud can be destructive on your credit report and your entire financial health. Your credit score will be damaged and creditors will harass you for the debt that you do not owe. However, if you take necessary measures, you can certainly eliminate your credit card debt due to fraudulent activities.
Instructions
1. Contact your credit card lender immediately once you become aware of the fraud. You can find the customer care number on the back of your credit card or on the monthly statements. Once you inform the customer care representative that your card is being used for fraudulent activities and you are not anymore responsible for the debts, the representative will at once lock your credit card.
2. Reach your local police and inform them about the fraud. Fill out an official complaint against the fraudster. This document will help you in future to prove that you were just a victim of credit card fraud. Further, if your creditor starts harassing you for the debt, this document can prove to be helpful.
3. Create a fraud alert on your credit reports with the three major credit bureaus. Inform Equifax, Experan and Transunion that you are a victim of credit card fraud and request them to add this datum in your credit reports.
4. If a collection agency contacts you to collect a credit card debt that was obtained by fraud, ask the collectors to show proof that the debt was obtained by you. Show them the police report and documents from the credit bureaus to prove that you are not liable for the debt. Make sure that the collection agency eliminates the debt from your account, as you did not owe it.