Go Back   The Finance Forums > Finance forums > Fraud & Scams



Fraud & Scams Discussion about how to detect and avoid fraud, investment schemes, internet scams, consumer ripoffs, con jobs, forex scams and identity theft.

Reply
 
Thread Tools
  #1  
Old 06-06-2011, 10:41 AM
aduncan81 aduncan81 is offline
Junior Member
 
Join Date: Jun 2011
Posts: 2
Default Scam credit card transaction

I have a rather unique problem/question and hope that you can help. While traveling on business in China a few months ago I was the target of a scam. Long story short, I presented my credit card for an item purchased at a cafe and was returned a signature slip for about 20 times the amount of the item I ordered and received. I realized they were running a scam and after a heated argument in broken English and Mandarin, I refused to sign to receipt, threw the correct amount of cash down and fled before the scam's "enforcers" could arrive. I emailed my credit card (Citi) hours later to tell them not to process any such charge. A charge was processed and I filed a formal billing dispute and provided numerous signed statements as requested over the next few weeks. I just now received notice that Citi was unable to resolve the dispute because it involves "the quality of the merchandise for a charge originating in a foreign country". I called today and was reaffirmed by a rep of this response.

Is this possible? Has anyone ever experienced a similar situation? I'm waiting for a call back from a supervisor. Hopefully as a 7 year customer who typically charges $25K annually and has never had a late payment, this will ultimately be resolved. As a last resort I will have to close all my Citi accounts and leave the disputed amount left unpaid. I have excellent credit, opened a mortgage last year and would apply for new cards with another bank prior to defaulting on the disputed amount. I have no need for additional credit in the near future so the effect on my credit score should go unfelt. Any other recourse? Any advice would be greatly appreciated.
Reply With Quote

Old Sponsors
  #2  
Old 06-28-2011, 11:59 AM
payday250.com's Avatar
payday250.com payday250.com is offline
Junior Member
 
Join Date: Jun 2011
Posts: 21
Default Re: Scam credit card transaction

I have had a similar situation before, usually the credit card company will side with the customer in this type of situation. Talk to the credit card rep again, if they maintain their decision then you have several options.

1.) Just pay it, how much is the amount for?
2.) Close the account and don't pay it, yes it will affect your credit score but it is an option
Reply With Quote

  #3  
Old 07-30-2011, 05:30 PM
kate032 kate032 is offline
Member
 
Join Date: Jul 2011
Posts: 57
Default Re: Scam credit card transaction

I'd definitely speak to a manager and explain the situation.
Reply With Quote

  #4  
Old 08-26-2011, 07:15 AM
Lex Lex is offline
Junior Member
 
Join Date: Aug 2011
Posts: 10
Default Re: Scam credit card transaction

Quote:
Originally Posted by kate032 View Post
I'd definitely speak to a manager and explain the situation.
That's the best solution imo. Or you can also get the police to co-ordinate between the bank and the people responsible to set your credit situation right
Reply With Quote

  #5  
Old 11-03-2011, 09:40 AM
CyrusChang CyrusChang is offline
Junior Member
 
Join Date: Nov 2011
Posts: 7
Default Re: Scam credit card transaction

Yes...make a police report
Reply With Quote

  #6  
Old 11-22-2011, 01:34 AM
Loans South Africa Loans South Africa is offline
Junior Member
 
Join Date: Nov 2011
Posts: 4
Default Re: Scam credit card transaction

Crime is every where and the internet is no exception. If you know that you often do internert banking, then it is wise that you use a computer with the lates softaware and security patches.
Reply With Quote

  #7  
Old 12-22-2011, 12:57 AM
markodonnell77 markodonnell77 is offline
Junior Member
 
Join Date: Dec 2011
Posts: 12
Default Re: Scam credit card transaction

Being a client for 7 years, I see no reason why they won't do something about it. You might get a good bargain once you threaten to cancel and the bank let you speak with an agent from the retention department.
Reply With Quote

  #8  
Old 02-24-2012, 08:37 AM
cbhattarai's Avatar
cbhattarai cbhattarai is offline
Junior Member
 
Join Date: Jan 2012
Posts: 18
Default Re: Scam credit card transaction

These scams are mostly found for senior citizen, But whenever you get some thing, directly notify the issue to the bank. ANd to avoid this, keep all your bank detail secret...
Reply With Quote

  #9  
Old 02-24-2012, 04:45 PM
MyTwoCents MyTwoCents is offline
Junior Member
 
Join Date: Feb 2012
Posts: 6
Default Re: Scam credit card transaction

That is why I typically try to pay only in cash when we travel to places like China or India. The odds of being scammed there are so much higher. I've never had a problem like that in Europe or Australia or Japan though. I'd think that if you have been a very good customer, they would be interested in retaining your business. If you do decide to switch, I highly recommend American Express, and they were incredibly good to me when my cc info was stolen, and credited the bogus charge immediately. Plus, I love their rewards points.
Reply With Quote

  #10  
Old 04-07-2012, 09:09 AM
danny danny is offline
Junior Member
 
Join Date: Apr 2012
Location: Kent UK
Posts: 1
Default Re: Scam credit card transaction

Hi


Banks are getting tougher and tougher, if you clear your account each month then your not such a great customer to them.

I had a dispute and threatened to close my account, at the time was spending up to £10,000 per month but cleared it to avoid charges. I threatened to close it and they said that is up to you sir, Could not believe it
Reply With Quote

  #11  
Old 11-07-2012, 02:33 AM
Shailacooke Shailacooke is offline
Junior Member
 
Join Date: Nov 2012
Posts: 15
Default Re: Scam credit card transaction

If you see any fraudulent transaction in your credit card statement, you should immediately call the credit card company and dispute about the transaction.
Reply With Quote

Old Sponsors
  #12  
Old 12-11-2012, 10:13 AM
whimsical whimsical is offline
Junior Member
 
Join Date: Dec 2012
Location: California
Posts: 10
Default Re: Scam credit card transaction

I used to work as a fraud specialist at a bank. You can always call your bank's fraud department and have the charges remove if it is disputable. they can remove it in just minutes and you won't have to pay for it. If it has already been paid, the charge will be deducted to your present balance.
Reply With Quote

  #13  
Old 01-21-2013, 01:24 AM
Amyk Amyk is offline
Junior Member
 
Join Date: Dec 2012
Posts: 22
Default Re: Scam credit card transaction

If your bank gave up on your case, then there are only two options to go about it. One is to pay off the debt then cancel your accounts with Citi. Although paying debt because of a credit scam and paying debt that isnít even yours is costly, it would not affect your credit score and you would be able to maintain your financial standing. The second option is to not pay and to close all your accounts with Citi. However, this option would drastically change and decrease your credit score. No matter what option you choose, this is a lose-lose situation.
Reply With Quote

Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



» Boards




All times are GMT -4. The time now is 10:11 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.