Does Creditor Commit Fraud By Using Credit Card and Filing Bankruptcy Soon Thereafter?

Many debtors express concern that a creditor will say they were defrauded when the debtor used the credit card filed bankruptcy wiping out the debt. I am often asked how far back will creditors look in deciding whether use of a credit card was fraudulent because the debtor did not have the intent or ability to repay the loan. Here is an interesting discussion of that question on another banruptcy website. Link: If I Charge On My Credit Card And Don’t Make A Payment, Is This Fraud? : Bankruptcy Law Network.

Comments

[sheik]

Once you get your card from the bank, read all attached literature and notices to make sure you know the bank’s policies and rules on the card. Sign the back of your card as soon as you get it. I bet it’s one of the things stressed in the literature. This would prevent anyone else from using your card. Never write down your personal identification number (PIN). If you just happen to be so forgetful and need to write it down, write it down as part of a fictitious entry in you address book. It could be part of an address or phone number. Never give anyone your PIN. Phishers would try to obtain your PIN and account information through phony e-mails and phone-calls. Real banks never do this. Just in case you lose your card notify your bank immediately.
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Sheik

Florida Drug Treatment