I let my friend which I had trusted for many years borrow my card. They moved here from another state and I helped them get here and then after a week decided they wanted to leave and I helped them get back. Well they made alot more charges on my account then I ever approved and won't send my card back. I can probally be linked to 2 charges from uhaul but none of the others. What do I do I don't want them to go to jail but don't want my credit ruined either. If I report it knowing who is using it am I going to get stuck with the charges?
2007-11-07 15:58:44 · 17 answers · asked by Jamie A 2 in Business & Finance ➔ Credit
I have worked for several credit card companies and still work for one. There isnt anything that you can do. You let them use your card and you put it in their possession. You cant get them for fraud at all. Matter of fact this is something that a card company will not handle. The only thing that you can do is say that you dont know where the charges came from and that you must have dropped your card somewhere and thought it was in a file at your house. Your friend isnt going to get into any trouble. Its cheaper for the card company to write off the charges than it is to track down the thief. Make sure that you do fill out all paper work and check they have received it. Check with the card company every 5 days to get a status because they have too big a work load to contact you alot. Just say that from what ever date the card left your hands to recent that the card has been stolen and all those charges are not yours and you dont know who did it. Since the card did leave state and there are charges across the contry your story does hold up. I hope that helps you out. If you want more info talk to my contact pride!!! to get to me. So in short call the card company report the card stolen and say there is alot of fraud on the card. You may have to eat some of the charges but that is better than them all.
2007-11-07 16:57:10 · answer #1 · answered by tuxcatluvr 3 · 0⤊ 2⤋
First of all, you can't claim it was lost, then turn around and sue your friend. The courts will ask, if it was lost how do you know your friends had it. This could leave your credibility in jeopardy. However, since they have not returned it, you might want to notify the CC Co and ask for a new account # and to close out the old acct # due to their keeping the card.
You did give them the card to use, so you are bound to the debts. You can recover damages in small claims by proving that you only authorized emergency purchases and question other purchases made.
You also have the choice of bringing suit against the merchants for accepting the cards without proper identification. All vendors are required to see a 2nd form of ID (excluding self-serve gas stations and ATM machines).
and if the person making the charge has no matching ID or any proof of authorization to use the card, then the vendor has made a mistake.
2007-11-08 00:54:04 · answer #2 · answered by Sgt Big Red 7 · 0⤊ 0⤋
You are completely responsible for those charges. First of all you are not allowed to lend your card. Second, you authorized your friend to charge this card for his expenses. Therefore you cannot report fraud because reporting it you will be committing a fraud yourself.
Your bank will keep you liable for these charges but you can easily sue your friend in a small court. It's an informal court and you do not need a lawyer. Chances are that you going to win this case and your friend will be forced to repay you for your losses.
2007-11-07 18:17:36 · answer #3 · answered by Dr. Shakar 2 · 0⤊ 0⤋
I'm afraid you learned a hard lesson about friendship. The only person you should trust is yourself. Just cancel the card and either pay it down or get a loan. I was a bill collector for 35 years and spoke to customers who co-signed for family or friends and never made 1 payment. We got a 33 son like that but we still help him. All we get is promises that he'll pay us back but never does.
2007-11-07 17:47:23 · answer #4 · answered by Anonymous · 0⤊ 0⤋
doesn't look like such a trusting friend after all. you don't want them to go to jail but did they have the same consideration for you when they ran up your charge card? I sure hope you cancelled the card. Tell them they need to pay for the charges that you did not authorize. if they won't pay then take them to small claims court.
2007-11-07 17:43:25 · answer #5 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
Since you let them use your credit card they have not committed any crime. You will be stuck with the charges.
However, you can take them to small claims court and sue them for the unauthorized charges they made on your card.
Hope this helps.
2007-11-07 18:14:40 · answer #6 · answered by Ti 7 · 0⤊ 0⤋
With friends like that...who needs enemies?!!
The most honest way to recoup your money is to first cancel the card to prevent them from charging any more.
Sue them in small claims court and hope to high heaven there
is a way for you to collect on any judgement you might get.
Your "friend" has already crossed the line so stop being so graceful !
2007-11-07 18:13:34 · answer #7 · answered by SamanthaSays 2 · 1⤊ 0⤋
Cancel the card but you owe the charges. Loaning a credit card is just like loaning blank checks that you signed. You could call the police and file a police report but your card wasn't stolen so you can't really say it was.
2007-11-07 16:04:30 · answer #8 · answered by shipwreck 7 · 2⤊ 1⤋
First I hope you have cancelled the card to avoid your friend from doing any more charges. However, you don't have many choices for the charges already made.
If you report the card lost/stolen they will go after your (ex)friend for fraud. If you don't want to do that you will have to pay the charges yourself. However, you can also go after him in small claims court for the charges they did that you did not authorize.
2007-11-07 16:04:01 · answer #9 · answered by OC1999 7 · 1⤊ 1⤋
I searched across the net and came upon tons of scams. However this did it for me: loanhome.info-
RE Let a friend borrrow my credit card made over $3500 in charges!?
I let my friend which I had trusted for many years borrow my card. They moved here from another state and I helped them get here and then after a week decided they wanted to leave and I helped them get back. Well they made alot more charges on my account then I ever approved and won't send my card back. I can probally be linked to 2 charges from uhaul but none of the others. What do I do I don't want them to go to jail but don't want my credit ruined either. If I report it knowing who is using it am I going to get stuck with the charges?
2014-09-07 00:52:45 · answer #10 · answered by Anonymous · 0⤊ 0⤋