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Chapter 15. Scams > Credit Card Protection

Credit Card Protection

One of the more common Internet and telemarketing scams involves the sale of unnecessary credit card protection services. Often under this scam, victims are told that their credit card numbers can be found on the Internet and that they are therefore vulnerable to unauthorized charges. They are then told, in a blatant misrepresentation, that their credit cards provide no protection against such theft or that because of Internet fraud, their liability for unauthorized charges is no longer limited to $50. The con men then sell a program for hundreds of dollars that promises to protect the consumer from unauthorized charges.

The truth is that not only is your credit card liability for unauthorized charges generally limited to $50, in most instances you are not held responsible for even $50 of charges. Most often your liability is zero. In response to these scams, the Federal Trade Commission started a special program called Operation Protection Deception by which it investigates and prosecutes perpetrators of such frauds.


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