Hi my friend, this week we will look at what happens if your credit card is stolen.
Like cash, sometimes credit cards can be stolen. They may be physically stolen (if you lose your wallet) or someone may steal your credit card number (from a receipt, over the phone, or from a Web site) and use your card to rack up debts.
The good news is that, unlike cash, if you realize your credit card or number has been stolen and you report it to your credit card company immediately, you will not be charged for any purchases that someone else has made.
Even if you don’t realize your credit card number has been stolen (sometimes you might not know until you receive your monthly statement), most credit card companies don’t charge you or only charge a small fee, like $25 or $50, even if the thief has charged thousands of dollars to your card.
Until next time, wishing you abundance and success.