If you’re like most people, you work hard for the money you have and take measures to protect your funds. That’s why it’s critical to familiarize yourself with some of the most common credit card scams out there currently. Unfortunately, many are unsure of their legal options if they are the victim of a scam, which is why it’s in your best interest to connect with an experienced California unauthorized credit card transactions lawyer to help you explore your legal options.
What Credit Card Scams Are Most Common?
Unfortunately, one of the most common scams you may find yourself the victim of is a result of skimming. Essentially, this occurs when you insert your card into a reader that has been outfitted with a device known as a skimmer. This device will lift your card details and store them directly on the device or transmit them to a nearby phone. As such, the thief now has access to your card information and can use it to make purchases. Unfortunately, card skimmers can be difficult to detect because they look similar to the structure of the legitimate reader. These can be used at gas stations, ATMs, and even in retail locations.
Another kind of scam that you should be familiar with is phishing scams. With this method, you’ll find that scammers will pretend to be your credit card company, streaming service, or other account that has connected cards. They will either email or text you, often including a link prompting you to log in. However, doing so provides the scammer with your login details, allowing them to access your account and take the card details stored there.
What Should I Do if I Believe I’m a Victim of Fraud?
First and foremost, it’s important to understand that as a consumer, you have protections under the Fair Credit Billing Act (FCBA). Essentially, this means that you are within your right to dispute any fraudulent charges on your credit card, though you do have to assume limited liability. This is capped at $50, but you’ll find that many card issuers waive this liability, meaning you can dispute unauthorized charges without any financial responsibility.
Typically, you can dispute charges directly with your issuer by writing a letter and mailing it to the dispute department. You must be thorough and put as much detail as possible into this letter. However, you may find that despite filing the dispute on time and providing evidence to help support your claims of fraud, the credit card company does not help. As such, you may wish to take legal action against the issuer.
If you need legal help holding a credit card company liable for violating the terms of the FCBA, it’s in your best interest to connect with an experienced attorney from Loker Law, APC to assist. Our firm understands how important protecting your money is, which is why we will work tirelessly to protect you. Contact us today to learn how we can fight for your rights during these difficult times.
