Is credit card fraud protection just an illusion?

Get credit card fraud help: For victims of credit card fraud and identity theft, and those that can help.
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Cucumber
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Is credit card fraud protection just an illusion?

Postby Cucumber » Mon Sep 07, 2009 1:05 am

I came across a very disturbing article. It is about a woman that paid $10,000 to a fraudulent company and the credit card has refused to refund her charges. They mention this in the article

Lazarus has learned the limits of challenging a questionable transaction. Unless you can prove that a thief is using your card or a merchant concocted or inflated a charge, the law doesn't require the bank to cancel a debt.
Whistleblower: Stiffed, and on the hook | StarTribune.com

In other words that means we aren't really protected?!?!
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fffresh
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Postby fffresh » Wed Sep 09, 2009 11:05 pm

It sounds like there is more to it than the article suggest. The woman knowingly made the purchase. It sounds like a case of buyer's remorse rather than fraud to me.

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Postby AnthonyBarone » Fri Sep 11, 2009 6:31 pm

Fresh hit the nail on the head. When I make bad business or investment decisions and put the cost on my credit card I can't go blame Visa or American Express because I screwed up and that is what she is doing.

DoingHomework
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Postby DoingHomework » Tue Oct 27, 2009 2:11 pm

Really! This woman just made a bad choice. There was no fraud that the credit card company should refund against.

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Postby Cucumber » Fri Oct 30, 2009 4:10 am

DoingHomework wrote:Really! This woman just made a bad choice. There was no fraud that the credit card company should refund against.


I think it falls under fraud since the company was breaking the law with what they were selling.
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DoingHomework
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Postby DoingHomework » Fri Oct 30, 2009 4:52 pm

Perhaps. But the trouble is that the woman got what she ordered, she just didn't like it. It would be like if you bought something at a store, decided you didn't like it, then found out later the store did not have a business license. That does not necessarily mean that your purchase should be refunded.

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Postby Cucumber » Wed Nov 18, 2009 2:09 am

DoingHomework wrote:Perhaps. But the trouble is that the woman got what she ordered, she just didn't like it.


That might be the case but it sounds like to me they promised her one thing and gave her something else and that is fraud IMO. But yeah it might not be that clear and dry of an answer.
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