Reporting Fraud on Credit Cards With DoNotPay
There's no doubt credit cards simplify our lives by paying for goods and services without the need to carry large amounts of cash. However, the widespread use of credit cards has made it easier for criminals to steal account information to purchase items at the cardholder's expense.
Making matters worse, notifying your bank to remove the charges can be a time-consuming task. Fortunately, DoNotPay has an efficient and easy-to-follow process that cuts through the red tape to delete the unauthorized charges from your account and clear your name.
What Is Credit Card Fraud and How Does It Occur?
Credit card fraud is the unauthorized use of a credit card to make purchases of goods and services. Thieves have several avenues to steal this information without your knowledge.
- Hacking into company databases to steal consumer information, including credit card numbers.
- Emails that include a link to a site resembling an official business that asks for your credit card information.
- Through a virus that exploits your device or programs, records your credit card information and transmits it to the hacker.
- Skimmers installed by hackers at gas station pumps pick up your card information when you pay for your gas. The card information is collected in the skimmer and retrieved by the hacker.
- If you use unsecured WiFi networks, thieves can eavesdrop on them to catch your data entry.
- Unscrupulous restaurant workers take your credit card for payment and steal the card information.
Credit Card Fraud vs. Identity Theft
It's important to note that credit card fraud and identity theft are not one and the same. However, an unscrupulous party can commit credit card fraud as part of their scheme to steal your identity. The following are the inherent differences between the two types of fraud:
|Identity Theft||Identity theft occurs when a thief has your personal information such as Social Security number, bank account information, and birthdate that enable them to remotely open up new accounts in your name. It is more damaging since criminals can conduct business under your name. This enables them to obtain loans, apply for state benefits, take out mobile phone contracts, and apply for a driver's license.|
|Credit card fraud||Credit card fraud is less damaging in that it only affects your credit account. The account is simply closed, and you are not responsible for the unauthorized charges.|
What Are the Signs of Credit Card Fraud?
There are various telltale signs that someone has stolen your credit information.
- You have purchases you don't recognize on your monthly statement.
- Your credit report shows accounts you never opened.
- There are very small charges on your account. The thief is doing this to avoid triggering red flags.
- You have unfamiliar company names on your monthly statement.
- Your credit line has decreased for no apparent reason.
What to Do if You Are a Victim of Credit Card Fraud
There is nothing more disconcerting than finding unauthorized charges on your credit statement. However, it's important to take action immediately upon discovering the fraud by doing the following:
- Contact the credit card fraud division to inform them of the charges. They will close the account and issue you a new card. They will also delete the charges and you won't be held responsible for them.
- Change the passwords and PINs of your financial accounts.
- Request a credit freeze from the three major credit bureaus. The thief will have difficulties opening up new accounts with your information.
- Closely monitor all of your card statements and credit report for any additional fraudulent activities.
- Remove the breached card's information from online shopping accounts in case those are compromised.
How to Prevent Credit Card Fraud
There are several ways you can decrease your chances of being a victim of credit card fraud.
- Never reveal your card information online unless the website is reputable and secure. This is indicated by a padlock icon, which symbolizes a higher level of security, such as encryption.
- Do not click on unfamiliar web links from unknown sources.
- Research the individual or company you plan on doing business with to ensure they are legitimate. Check for recommendations from previous customers.
- Be especially cautious when dealing with companies outside the country. Many credit card thefts come from overseas.
- Verify that the seller has an active email address with the company's web server. Be wary of free, unfamiliar email services.
Reporting Credit Card Fraud With the Help of DoNotPay
Discovering that you're a victim of credit card fraud can leave you feeling helpless. But with the help of DoNotPay, your credit card fraud case is quickly reported and handled efficiently.
- Search "identity theft" on DoNotPay and select the type of incident you would like to report.
- Tell us more about the incident that occurred, including the location, date, time, financial loss, and any suspect information you may have.
- We'll identify whether you should file an FTC report, contact the IRS, freeze your credit report, contact state agencies, or file a police report. Once we guide you through the best options, we'll automatically submit the reports on your behalf!
DoNotPay will ensure your report is sent to the right place. We'll upload confirmation documents to your task for you to view, and if the contacts need more information, they will reach out to you personally via email or mail.
Why Use DoNotPay to Report Credit Card Fraud
- DoNotPay works fast to help resolve your credit card fraud report.
- DoNotPay's process is easy and straightforward.
- In just three steps, DoNotPay successfully submits your report on your behalf.
DoNotPay Helps With Other Identity Theft Issues
In addition to helping you report credit card fraud, DoNotPay can assist you with other identity theft cases involving:
- Social Security
- Unemployment benefits
- Stolen stimulus checks
- How much you can sue for identity theft
What Else Can DoNotPay do?
In addition to helping you resolve credit card and identity fraud problems, DoNotPay can help you with many other situations, such as:
- Compensation for victims of crime
- Contacting government representatives
- Suing anyone in small claims court
- Filing insurance claims
- Chargebacks and refunds
With hundreds of thousands of cases successfully resolved, DoNotPay is the proven game-changer that levels the playing field for everyone.