Or do they just do this when it is lost or stolen?
2007-01-06 09:57:04 · 10 answers · asked by Virginia Gal 3 in Business & Finance ➔ Credit
I am talking about the actual number. Thanks!
2007-01-06 09:58:30 · update #1
If your credit card is damaged, say cracked or the numbers are worn off your bank will simply replace the plastic. The account number remains the exact same. If your account is closed due to fraudulent activity, or because the card was lost or stolen, then your bank is required to close the account number. They are also required to post that account number to a fraud bulletin report that is kept by VISA or Mastercard whoever the brand is. Your bank must close the account in order to have any chance of recouping their fraud losses from the acquiring bank. Or the bank of the merchant who accepted the fraudulent credit card information. And yes, the CVV code also changes, most banks even change the CVV each time a new card is issued, no matter what the reason. This is just another way banks fight fraud.
2007-01-06 12:01:02 · answer #1 · answered by creditknowitall 2 · 1⤊ 0⤋
No, they'll issue a new number in a lost/stolen situation, but if your card is damaged, they'll just mail you a new one. It is quite likely, though, that the CVV code (the 3 digits on the back of the card, often used for online verifications) WILL change.
2007-01-06 10:20:56 · answer #2 · answered by Jason 3 · 0⤊ 0⤋
No, not a new number, just a new card with the same number on it. If it was lost or stolen they'd give you a new number and a new card.
2007-01-06 09:58:38 · answer #3 · answered by capnemo 5 · 0⤊ 0⤋
No matter what you do your credit is already adversely affected in spite of what the collection agent has told you. They lied to you to get a payment. Walmart has already written off your account and sold it to the collection agency for less than you owed on it. They are in the picture now in name only. That is how collection agents and junk debt buyers make their money. They buy the bad debt for pennies on the dollar and try to collect the full amount from the debtors. You don't need to give the collection agent an anwer tonight. Collection agents use debtor guilt for not being able to pay debts against them to try and wangle any money they can out of them. You need to realize that even though you legitimately owe the money you have certain rights too. If you insist on making some sort of settlement with them then follow the advice given earlier by CatDad and insist on a written settlement agreement from them. When you receive this, and only then, should you give them any money. No matter what you do, pay or not, this will be a derogatory item on your credit report.
2016-05-22 23:54:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I usually ask for a new card every couple of years and they have never changed the number. BofA.
Make sure that you make it very clear that you did not lose the card or they will assign a new number.
2007-01-06 09:59:39 · answer #5 · answered by Barkley Hound 7 · 0⤊ 0⤋
If you want a new number you can request one.
2007-01-06 09:59:05 · answer #6 · answered by MsFancy 4 · 0⤊ 0⤋
yes, they will, but I have found that some will charge a small fee for replacement cards...
2007-01-06 09:58:12 · answer #7 · answered by I love the flipflops 5 · 0⤊ 0⤋
Yes, i have gotten a new one.
2007-01-06 09:57:50 · answer #8 · answered by Fatmatt 2 · 0⤊ 0⤋
Only if you want them to.
2007-01-06 09:58:44 · answer #9 · answered by Anonymous · 0⤊ 0⤋
yes they do.
2007-01-06 09:58:28 · answer #10 · answered by 4ever 1 · 0⤊ 0⤋