fraud- what if i pay the debt, can i negotiate to get the card back to use?
I have bad credit from medical bills. I always wanted a “credit card” come to find out someone opened a target card in my name- and charged a couple hundred dollars and now they are after me to pay them. I am wondering and I know this is wierd, but now I am more screwed….Can i try to negotiate with Target to get the card back? I want the target card, i’ll pay the bill. I think paying the $200 is worth it to have the card to actually use. i dont know how long it has been in collections, but when i moved here to my new place about 6 months ago i started to recieve phone calls and letters. Or is it better to just report it as fraud? what will that do to my credit? They said it wasnt an application that someone filled out. It was an offer on a reciept that i threw out offering the card with just a signature or something-which is odd. thanks in advance!
If it’s fraud, you do not have to pay it. Just dispute it. If you have $500 in a savings account, you can convert it into a secured credit card. Most banks can set it up for you. Also make sure they belong to the credit bureau.
stan c
2 Jun 09 at 2:58 am
If you don’t report it as fraud you will be liable for all the purchase/cash withdrawals on the card. You said you it is already $200 in arrears and in collections. That means it has probably been been cancelled by the credit card company. I can’t find any logic in doing what you are suggesting. Report the fraud to the credit card company and the three credit depositories before things get worse.
Rusty
3 Jun 09 at 10:42 am