Credit card fraud is a very major crime that is becoming more common as more ways to steal credit information are made possible by technology. People’s wallets and credit scores are hurt by credit card fraud for a long time. Identity theft and credit card fraud make it hard to get back on top of your finances. If you think someone is trying to steal your credit card information, you should contact a consumer Credit Card Fraud attorney right away. Talking to a lawyer will help you find out what your rights are and how to protect yourself.
Credit Card Fraud Types
There are a lot of different ways to commit credit card fraud. A stolen credit card can use to shop. Internet credit card fraud is rising. Someone uses a stolen credit card to buy online.
Credit card theft includes:
- Running a credit card manufacturer
- Credit card fraud
- Credit card info was stolen by hacking a website
- Internet or cash sales of credit card-purchased goods
- Credit-card trafficking
- Having counterfeiting machines or materials
Legal Defense Systems
The following are examples of legal or “affirmative” defenses that can raise against an accusation of credit card fraud:
- Absence of any purpose to commit fraud
- Insufficient evidence
- Mistaken identity
How to Protect Yourself From Credit Card Fraud Convictions?
Credit card fraud prosecutors must prove that a defendant illegally accessed victims’ cards to defraud them. A smart defense attorney uses evidence, witness testimony, and character witnesses to establish a defendant didn’t conduct the crime or had no criminal intent. Simple misconceptions can cause officials to believe someone was seeking personal advantage at another’s cost.
Criminal charges can’t always dismiss. Skillful discussions and plea bargaining can reduce a defendant’s prospective punishment. Prosecutors seek hefty punishments but are open to compromises. Lesser sentences can replace years in jail with probation, fines, and a less damaging criminal record.
Who is Responsible for Credit Card Fraud?
“The bank is more likely to be accountable for the fraud for transactions in which a physical card is present; nevertheless, the merchant may be responsible for covering the cost of transactions in which no physical card is present.” The credit card network that was used for the transaction, such as Visa, Mastercard, American Express, or Discover, is the entity that determines the regulations regarding liability.
What are Your Legal Rights?
Consumers protect against fraudulent credit card use by state and federal legislation. The FCBA includes regulations to:
- Improve billing
- Correct billing errors immediately
- Protect consumers’ credit while credit card complaints address.
The FCBA specifies consumer damages as:
- Finance costs doubled to $1,000
- Then, any court fees
- Finally, Attorney fees
If you’re a victim of a Credit Card Fraud Attorney, contact Jacoby & Meyers, LLC. Nationwide clients.