The FBI is warning consumers that using credit card information for fraudulent purposes is illegal and could lead to financial ruin if not detected and prevented.
Credit card fraud is a growing problem that can be costly for consumers and businesses alike.
It can take the form of card issuers charging too much for purchases or fraudsters obtaining personal information for legitimate purposes.
If you have a card and think your card information is being used to make purchases, report the matter to your card issuer.
They can then use the information to verify whether your account is legitimate or not.
You should always review the fine print of any card you have, and be aware that not all cards have a security feature like an iris scanner or chip to make sure you don’t pay unauthorized fees.
You can also look into whether your card has been stolen.
If so, contact the card issuer directly.
If it’s your first time using a credit card, there are some things to be aware of.
The most common reasons for not reporting fraud are:It’s very hard to prove fraud.
Some card issuors will not allow you to submit a credit report, and it’s very difficult to get a report.
If you are the victim of a fraud, there is nothing that can happen to you.
It’s not your responsibility to verify your identity.
The IRS does not require credit card companies to verify the identities of customers, so it’s up to you to verify that you are who you say you are.