Comments on: Should credit card companies and retail stores foot the bill on ID theft? http://theidentitytheftcenter.com/identity-theft/should-credit-card-companies-and-retail-stores-foot-the-bill-on-id-theft Answers to all your questions about identity theft. Thu, 11 Mar 2010 17:09:12 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: bdancer222 http://theidentitytheftcenter.com/identity-theft/should-credit-card-companies-and-retail-stores-foot-the-bill-on-id-theft/comment-page-1#comment-1711 bdancer222 Sun, 28 Jun 2009 15:07:44 +0000 http://theidentitytheftcenter.com/identity-theft/should-credit-card-companies-and-retail-stores-foot-the-bill-on-id-theft#comment-1711 Credit card companies and retail stores ALREADY foot the bill on ID theft and fraud. You report it and if the credit card company verifies the theft/fraud, the card holder doesn't pay anything. Usually the credit card company backcharges the retail store. Credit card companies and retail stores ALREADY foot the bill on ID theft and fraud. You report it and if the credit card company verifies the theft/fraud, the card holder doesn’t pay anything. Usually the credit card company backcharges the retail store.

]]> By: terry h http://theidentitytheftcenter.com/identity-theft/should-credit-card-companies-and-retail-stores-foot-the-bill-on-id-theft/comment-page-1#comment-1710 terry h Sat, 27 Jun 2009 13:19:15 +0000 http://theidentitytheftcenter.com/identity-theft/should-credit-card-companies-and-retail-stores-foot-the-bill-on-id-theft#comment-1710 they will generally eat the loss but the onus is on you to prove that your id has been stolen. thats why you need to be diligent in knowing your credit bureau status and whether items are showing up that you havent borrowed for. they will generally eat the loss but the onus is on you to prove that your id has been stolen. thats why you need to be diligent in knowing your credit bureau status and whether items are showing up that you havent borrowed for.

]]> By: DH http://theidentitytheftcenter.com/identity-theft/should-credit-card-companies-and-retail-stores-foot-the-bill-on-id-theft/comment-page-1#comment-1709 DH Sat, 27 Jun 2009 02:14:44 +0000 http://theidentitytheftcenter.com/identity-theft/should-credit-card-companies-and-retail-stores-foot-the-bill-on-id-theft#comment-1709 Well, I agree that face to face transactions should all include ID checks. As far as internet purchases go, that's a hard one. I gues a call back would suffice in some cases. As far as the card holder having to foot a bill when their identity was stolen, well, most creditors these days offer ID theft protection and will repay YOU if you report the theft. Well, I agree that face to face transactions should all include ID checks. As far as internet purchases go, that’s a hard one. I gues a call back would suffice in some cases.

As far as the card holder having to foot a bill when their identity was stolen, well, most creditors these days offer ID theft protection and will repay YOU if you report the theft.

]]> By: Kenneth L http://theidentitytheftcenter.com/identity-theft/should-credit-card-companies-and-retail-stores-foot-the-bill-on-id-theft/comment-page-1#comment-1708 Kenneth L Tue, 23 Jun 2009 20:27:26 +0000 http://theidentitytheftcenter.com/identity-theft/should-credit-card-companies-and-retail-stores-foot-the-bill-on-id-theft#comment-1708 That a somewhat impractical solution. IDs are easy to fake too. If I have your ID, it wouldn' be hard for me to walk into a DMV to request a fake license. Generally speaking you are only liable for $50 for any stolen credit card. Most companies don't even charge that. The best way to prevent ID theft is to be aware and diligent about monitoring your credit. Start at sites like annualcreditreport.com and creditkarma.com. That a somewhat impractical solution. IDs are easy to fake too. If I have your ID, it wouldn’ be hard for me to walk into a DMV to request a fake license.

Generally speaking you are only liable for $50 for any stolen credit card. Most companies don’t even charge that.

The best way to prevent ID theft is to be aware and diligent about monitoring your credit. Start at sites like annualcreditreport.com and creditkarma.com.

]]>