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Credit Card Basics
Choosing credit cards
Reading fine prints
Interest rates
Billing errors
Balance Transfer
 
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Low APR credit cards
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Credit Card Usage
Money Saving Tips
Unauthorized Transaction
Prevent Late Payments
Credit Card Usage TIPS
 
Credit Card Debt
Credit Card Debt
Debt Reducation Strategies
Debt Consolidation
 
Consumer News
 
 


Credit Card Liability Limits

You are protected if your credit cards are lost or stolen. This protection is provided by the federal Truth in Lending Act. If someone uses your cards without your permission you can only be help liable for the first $50

It’s important that you keep track of all your card accounts. A good way is to take all your cards and photo copy them front and back on a single piece of paper and file this with your important papers. It’s also a good idea to have the phone numbers (not account numbers) of the card you do have in a safe place when traveling in case you lose your wallet.

If your cards are lost or stolen report them immediately. Some card companies will waive the $50 liability if you report within 24 hours. There will be a toll free number on your card or bill for you to call. When you call take note of who you spoke to and save this information for follow up. Make sure the card company has your correct address and make sure you receive your new card in a timely fashion.



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