Fraud protects consumers all too readily. That’s why it has been the priority of Identity Theft Prevention and Response teams (IPRs). As part of this national initiative to keep people from becoming identity theft victims, the Identity Theft Prevention and Response Office of the Department of Justice (DOJ) is providing free consultation on the dangers of online identity theft. Join us as we work to clean up the mess we create by ensuring that people are protected by the courts by providing them with information on how to report a credit card fraud.
ACLU of Texas
Under Texas law, consumers are responsible for reporting a credit card transaction they know to have been taken with intent to commit fraud. Anyone 21 and over are automatically subject to a $100 fine and seven days in jail. An additional $200 in fines and fees are added to that total.
For the first offense, no action against you and up to a $50 fine and six months imprisonment; and for the second offense, no action for up to five years and one year; and for the third to fifth offense and for the sixth to eighteenth offense, nothing.
If you have ever run a credit card due to a charge from another person, and you knew the person you made the credit card purchase from to commit fraud, now is the time to talk it over with your Attorney General. For the first time, your Attorney General, up to the $50,000, shall appoint a special consumer reporting company that works with you to get these reports straightened out.
Under the consumer reporting program, you and the person who made the purchase from charge is provided with a detailed report that details the history of the credit card transaction you have purchased in the previous two years.
If there are items on the report that you believe you did not authorize, the Attorney General’s office will forward it to the reporting company to review and correct the errors.
Information gathered through the system will then be used to improve:
‘ A system for consumers to manage their credit card information;
‘ Advantages to having credit cards over other forms of credit at the same time;
‘ Fraud and victimization prevention strategies;
‘ A better way of knowing who you trust and what your lifestyle is like;
‘ A way to stay safe online and in real time, and help protect your identity before it gets out of hand. #
This information is not intended to replace a professional legal or other such education as is taught in schools and in the phone books classroom, and can be changed, and should not be relied upon, for all situations in the real world.
Knowledge of the law is a virtue and must always be exercised prudently and in a responsible manner, including the use of current technology and the proper use of a credit report.
Anyone 18 and over is subject to a credit reporting requirement.
All information in your personal information, including bank accounts, tax returns, and Social Security numbers, is located in the Federal Register.
Free Application For A Credit Card With Low Interest And No Annual Fees
There is no point paying no interest when you apply for higher interest cards. Credit card companies, associations, and banks offer a range of cards that cater to both the individual and business customers. Interest rates for some cards are relatively low, however, whereas your credit history will be negatively effected if you are unable to pay your balances on time.
Low interest cards can help you to cut your overall interest expense, especially if you can afford to pay off the entirety of your outstanding balance each and every month. With low interest card offers from banks and credit card association, it is important for you to take advantage of their program. Once you have accumulated a good credit history, you should be able to negotiate with high interest card companies for no interest.
It is very recommended that you first assess how you will manage your balances in the future. Your credit history can be quite a limiting factor in the success of any low interest card offers. Having said that, the ability to pay your balances in full every month, while still paying off heavy balances over a short period of time will ensure a good credit history even if you choose a low interest card to take a risk on.
There are certain banks and credit card association (TCA) specific services available to facilitate you with low interest cards as loans. Low interest cards, especially those affiliated to the credit card company, will pay you an annual fee. This fee will depend on whether your line of credit is relatively low or in the mid-50% range.