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What Should I Do If There Are Unauthorised Credit Cards Under My Name?

Sophia FloerschVerified
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Summary：Discovering unauthorised credit cards under your name can be a scary situation. Learn what steps to take to protect your credit score and minimise the damage.

What Should I Do If There Are Unauthorised Credit Cards Under My Name?

Discoveringunauthorised credit cardsunder your name can be a scary and stressful situation. It is essential to act promptly and efficiently to minimise the damage and protect your credit score. In this article, we will discuss the steps you should take if you discover unauthorised credit cards under your name.

Step 1: Contact the Credit Card Issuer

The first step is to contact the credit card issuer and report the unauthorised credit card. You can find the issuer's contact information on your credit report or through a quick online search. Once you contact the issuer, they will investigate the matter and close the account to prevent further unauthorised transactions.

Step 2: Dispute the Charges

If there are any charges on the unauthorised credit card, you need to dispute them with the issuer. The issuer will investigate the charges, and if they find them to be unauthorised, they will remove them from your account.

Step 3: Place a Fraud Alert on Your Credit Report

To prevent any further unauthorised credit applications, you should place afraud alerton your credit report. A fraud alert will notify the credit bureaus to take extra precautions before approving any new credit applications under your name.

Step 4: Monitor Your Credit Report

It is crucial to monitor your credit report regularly to ensure that no new unauthorised credit accounts are opened under your name. You can get a free copy of your credit report from each of the three credit bureaus once a year.

In conclusion, discovering unauthorised credit cards under your name can be a daunting experience, but with the right steps, you can minimise the damage and protect your credit score. Remember to contact the credit card issuer, dispute any unauthorised charges, place a fraud alert on your credit report, and monitor your credit report regularly.

Additional Tips:

- Be cautious when sharing your personal and financial information online or over the phone.

- Review your credit card statements regularly to catch any unauthorised transactions.

- Consider signing up for a credit monitoring service to receive alerts for any suspicious activity on your credit report.

- Choose credit cards with no annual fees to save money in the long run.

- Always pay your credit card balance on time to avoid late fees and damage to your credit score.

- Research and compare credit card offers to find the best rewards, cashback, and benefits for your spending habits.

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