Credit Card Fraud

[Daisy]

We were both doing a bit of paper work this morning, and OH checked our credit card statement. There was an amount on there we didn't recognise and when he looked at the merchant details there appeared to be no authorisation for it. So he phoned the fraud dept of the credit card company.

After a very long time on the phone, they cancelled his card and refunded the money, so now he's got to wait 5 days for a new card to be issued! It was only £48 something but he reported it last month as well, but because it wasn't authorised they couldn't cancel it, so we were hoping it was just a one off.

You can imagine if a fraudster gets hold of lots of different card details and just takes a relatively small amount each month, many people wouldn't notice.

It messed up our plans for this morning and OH has got the inconvenience of not having his CC for a few days, but better than then losing £48 every month which I guess is what would have happened.

We were saying that so many people don't check their statements thoroughly some fraudsters must get away with murder.

[Gemini]

Oh dear
As you say Daisy, some people don't check and could be being paying for things they did not buy.
Many years ago, before internet shopping, my credit card statement showed a transaction at a branch of Argos in London. I was nowhere near London on that date so it flagged up to me immediately and I phoned the credit card company,and it was cancelled. Fortunately I have had no problems since.
It pays to be vigilant.

[Nana]

Thanks. I'll take extra time over my statements in future.

[Daisy]

It;s certainly worth checking them, Nana, even if it isn't the most fun thing to do! I'm lucky OH is very methodical, and he keeps an eye on things like utility bills - I think he's just switched our gas and electricity to a different company. He says it will save several hundred pounds a year, so worth doing.

[Glammanana]

Quite a few years ago John noticed on his statement that he had been paying an amount for the last 3 months to an insurance company it was when you payed for items with the credit card machine which that left a duplicate receipt with the seller,he had bought a part for his camera at Currys and the salesman had used his details for his car insurance he had done it with other customers and used their details to buy loads of things he was prosecuted and John got refunded of course after a while,since then he has been very careful to check his statements.

[Daisy]

Glamm - John was lucky and got his money back. I hated those paper card payment machines. When DS2 had them in the shop we had to keep all those copies, and quite often the police or the bank fraud department would want copies, and you'd find yourself sorting through loads of them.

[Nanto2girls]

Daisy, you are right,it pays to check statements.
Glamma, how do these people think they can get away with it. But then,i suppose some do.

[Plantaholic]

Just about to check mine, do it most days, it is so easy online.