Smart Ways To Claim Your Stolen Or Lost Credit Card
How to deal with unauthorized charges
I f any fraudulent charges are made with your stolen or lost credit card the Fair Credit Billing Act (FCBA) protects you those charges. It is seen that under federal law it is said that if any unauthorized charges are made with your credit card, the maximum amount you that you will be liable is almost $50. Instead if you report about the loss of your credit card before then you have no liability. Thus it is mandatory to report about your missing credit card as soon as you find it misplaced.
There are any credit cards issuers have some type of protection benefits that will help you eliminate your liability for any fraudulent charges as soon as you report about the missing of the card within certain period. Enquire about such benefits on your credit card with your issuer. Also keep a check on your on billing statement for a few months after the loss to see if any unauthorized charges are made using your credit card.
