Life lesson - In case you're not aware
I'll relate my recent experience for those of you that are unaware of some "new" policy with credit cards. We made a recent trip from our home in the Dallas area to Carlsbad N.M. These transaction...
Forum Discussion
JimFromJersey wrote:
FormerBoater, you sound like someone who's never had to wrestle with Experian, TransUnion, and Equifax to get an erroneous credit report entry removed.
Yes, ultimately, the wronged consumer is not liable for fraudulent use of a card, but RIGHTING that wrong can be a much bigger pain in the ass than preventing it in the first place. And it's hardly a breach of security to call your issuing bank and tell them you're going to be on vacation - does anyone seriously think the danger of some schlep in a customer service call center telling his friends, "hey, drive on over to southern Idaho - I hear Joe Kamper is going on vacation...yeah, I know we're in North Carolina, but he may have a TV or something we can steal..." is worth worrying about?
You call the bank and tell them that it's ok if a charge shows up in Yellowstone or wherever. You call your local police and tell them you're away for three weeks and could they keep an eye on the place. You ask your neighbor (if you trust them...) to keep an eye on the place. You're good to go.
An fraudulent charge on your credit card has NO effect on your TransUnion, Experian or Equifax credit report.
As far as neighbors and local police go, you obviously do not live in Fort Lauderdale.
I do.
