http://masteryourcard.com/blog/2008/08/26/american-rights-are-an-illusion/ The best Credit Card Debt Blog online Wed, 02 May 2012 03:22:04 +0000 hourly 1 http://wordpress.org/?v= http://masteryourcard.com/blog/2008/08/26/american-rights-are-an-illusion/comment-page-1/#comment-4912 Ashley @ Wide Open Wallet Tue, 26 Aug 2008 16:04:05 +0000 http://masteryourcard.com/blog/2008/08/26/american-rights-are-an-illusion/#comment-4912 I've seen that happen to customers. I didn't know it had anything to do with homeland security. From what I understood is that when someone steals a credit card (or maybe just someone who doesn't care about their credit) but it is maxed out, or doesn't have a high enough credit limit for the thief they will make a big fake payment that will allow some free credit for a few days and the thief can spend away. Then when the fake payment bounces and they will do it again and again until the card is finally shut off. I've seen a credit card with a $500 limit charged up over $3,000. I’ve seen that happen to customers. I didn’t know it had anything to do with homeland security. From what I understood is that when someone steals a credit card (or maybe just someone who doesn’t care about their credit) but it is maxed out, or doesn’t have a high enough credit limit for the thief they will make a big fake payment that will allow some free credit for a few days and the thief can spend away. Then when the fake payment bounces and they will do it again and again until the card is finally shut off. I’ve seen a credit card with a $500 limit charged up over $3,000.

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