Why Is Credit Card Protection A Scam?
What many people do not recognize is that US federal law mandates that in cases of credit card theft or illegal credit card activity, the cardholder is only responsible for the first $50. So therefore, Federal law alone exempts you from even needing to consider a credit card protection scheme. The truth about these schemes is that they are simply there to collect cash from you or to gain personal information about you for use in illegal schemes. Typically, operations like this use telemarketers. Signs To Watch For • Representatives which claim that your credit card is in danger of being accessed via the Internet • People who claim to be affiliated with your bank or credit card company • Statements which claim you are liable for more than $50 of illegal credit card use • People who ask you to verify your credit card number “for their records” or otherwise Certainly, losing your credit cards either through simple loss or theft is not an experience any of us want. When it does happen, ens
