Credit Fraud Prevention – ID Theft Protection Service

Guru asked:


Do local police seriously investigate credit card fraud?
For amounts say around $700 do local police departments investigate credit card fraud or do they not usually bother? At what amount do they care?

How about bank companies and credit card companies, do they investigate it for amounts around $700.

My card was stolen last week and although they said I will be reimbursed, I was just wondering if they will investigate such a small amount. The card was stolen to make purchases online, so there is no real identity of hte person, will they be able to track them down?

How long does it take to investigate?

Randy

fengaraerith asked:


I have a friend (I swear this isn’t me) whose mother filed for credit cards and loans under both her and her sister’s credit lines, forging their names on the signatures for the money. It has gotten to the point where there is about $80,000 each girl ($160,000 total) in total debt. She has no prior offenses, so if charges were filed, what kind of penalties would the mother be looking at if she were charged with Credit Fraud?

Bobby

Josh H asked:


My teacher in my Economics class gave us a handout and we need to research on this. A man at his workplace took down credit card information, and used it to purchase an item online for 180.00. What we have to find out is if it is likely this case would be investigated, and what the consequences or punishments are for this action, as well as how likely he’d be caught. Does anyone know the details? Would an insurance agency typically not go full out on a transaction this low? In my opinion, i would think not because it wasn’t a HUGE amount of money but I may be wrong.

Kim

mshellrosie asked:


What are the types of credit card fraud and what is the best way to prevent it? Just wondering since I just saw on my credit report that my ex husband had used my social security number, on all things, doctor’s bills and never paid…and this was 4 years AFTER the divorce.

Jessie

jeriel81u812 asked:


A family member stole a credit card from an elderly woman and charged $1125. It has been reported to the company’s fraud department. What kind of punishment can she expect for her misdeed?

Daniel

hollyrub asked:


A relative may of committed credit card fraud and I was wondering if the bank would ask that the debt be paid, or drop the issue at a certain dollar amount, or have law enforcement intervene. If law enforcement was to get involved, what would they typically do?

Walter

Jims asked:


Age: 17.5. Crime: Credit Card Fraud (Found on Ground, used) Total Spent= 850-900 Dollars. First Criminal Offense of Any kind. Will I be looking at jail time or just fines and community service? Or all three…? How will this affect going to college or succeeding in the working world?
State is Illinois.

Tracy

MOMMYS-TWINS-ARE-IN-HEAVEN asked:


I have fraud charges on my chase cards, and i believe my sister is the reason behind them. Shes only 16, so i dont wanna press charges, and im HOPING that the credit card company wont really investigat it like that.

But how long will it take to investigate it, and do you really think they will pull the atm picture to see if its her. It was only 600$$

thanks alot

Nellie

Charlie asked:


I kept hearing about credit card fraud. Yet nobody ever explained how a fraudulent credit card transaction begins. May I know what are the initial steps leading to a credit card fraud?

Josephine

Alessandra asked:


My friend has commited credit card fraud in Illinois. He has no prior offenses and the charges to the card were at $500 or less. What are the most likely, possibly punishments he will recieve?

Vera