What is credit fraud?

Answer If you think you are protected from credit fraud because your credit cards are safely tucked away in your wallet, think again. Credit fraud can take a variety of forms. If you have found yourself... Read More »

Top Q&A For: What is credit fraud

How to Report Credit Card Fraud to the Credit Reporting Agencies?

Report credit card fraud immediately to avoid negative changes in your credit score and subsequent higher interest rates and poor credit. The major credit reporting agencies are Equifax, Experian a... Read More »

How to Report Credit Card Fraud to Credit Bureaus?

Identity thieves are known for stealing personal information and attempting to establish credit in someone else's name. If you suspect that you have been a victim of fraud, it is best that you noti... Read More »

What is the penalty for credit card fraud?

According to Cornell University Law School, the federal penalties for credit card fraud include up to 20 years in prison as well as fines. In addition, the federal government can seize all property... Read More »

What does a fraud alert on credit reports do?

A fraud alert is a message to any prospective creditor who pulls your credit report that you may be an identity theft victim. Fraud alerts encourage lenders to contact you and verify that you are t... Read More »