Services
Offered
» Debt
Consolidation Overview
» Benifits
of Debt Consolidation
» Avoid
Bankruptcy
Articals
» Debt
Consolidation Loan
» Debt Settlement
» Credit
Card Debt
» Debt
Consolidation Services
» Debt Freedom
» Management
and Settlement
» Loans,
Mortgage and Cash Advance
» Credit Card
and Counselling
» Negotiation
and Debt Freedom
» Credit Rating
| |
Credit Card and Counselling >> What
to do if your credit card is Lost or Stolen
Losing a credit, debit or ATM card makes a person helpless.You would
never wish to encounter this . But as emergencies are a part of a person's
life, these unwanted incidents do happen. These are some recurrent questions
that comes to your mind in such situations:
- What
is the solution to it?
- If I have lost it, will I get it back?
- What
should be my first step?
- Will I get back my money? What does the
law say?
With the frequent usage of credit, debit and ATM cards,
nowadays the rate of credit cadrs being lost or stolen have become higher. Guidelines
for a person who is in such a trap: - Report the loss or theft of
your credit, ATM or debit cards to the card issuers as soon as you can.
- Use
the provisions of companies having toll-free numbers and 24-hour service to deal
with such emergencies.
- It is a good policy to follow up your
phone calls with a letter. Include your account number when you noticed your card
was missing and the date you first reported the loss.
- Also
make sure to check your homeowner's insurance policy to see if it covers your
liability for card thefts. If not, some insurance companies will allow you to
change your policy to include this protection.
After the loss, - Review
your billing statements carefully.
- If they reflect any unauthorized
charges, it's best to report to them by sending a letter to the card issuer describing
each questionable charge.
- Again, report to the card issuer
the exact date and time your card was lost or stolen or when you first cited unauthorized
charges and also mention the date when you first reported the problem to them.
- Be sure to report to the address provided for billing errors.
- Do not send it with any sort of payment or to the address
where you usually send your payments unless you are directed to do so.
- The
law of the state says you will be charged only $50 for unauthorized use of your
credit card provided you have reported the loss before your credit cards are used.
- The FCBA or Fair Credit Billing Act states that the card
issuer cannot hold you responsible for any unauthorized charges.
There
is much to be written about this issue. You can read our special articles for
members only for further details. We offer free membership to all. If you
are burdened with debt pressures, our experts will help you to consolidate your
debts and control your future. Debt consolidation is a much better way to get
rid of your debts and we provide expertise in this field. Fill in our free membership
form to analyze various options and allow us to help you through. ________________________________________________________________________
|