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What is the possibility of having a fraudulent credit card account invalidated if it has been paid on for two years to increase the credit limit by the person who opened the account?
Wiki User
∙ 17y ago
If you can prove the account isn't yours -- and you should be able to using the address listed on the account or the original account application, which the company must provide you if asked -- then you can't be help liable. Whether or not the account's been paid doesn't factor in, though it's extremely unusual for a bad guy to pay on an account he doesn't have to. * This is simply not possible unless the action was taken by a family member or spouse without the consent of the person who's on the account but with the knowledge the account holder's personal information. In which case, the person claiming fraud would have to agree to prosecute the perpetrators for credit fraud and the criminal misuse of a Social Security number, which is a federal offense. The first question the creditor will ask is "Why did it take two years for a complaint to be filed?". Unless there is a very good reason such as the person was on active duty in the military outside of the US or something similar, proving a fraudlent act has been committed is going to be extremely difficult.
Wiki User
∙ 17y ago
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When an owner deposits cash in an account in the name of the business it is an increase to?
When an owner deposits cash in the bank account of his business, the bank account (assets) will increase in his books and payable account (Liabilities) will increase in the books of the bank.
If you debit an account is it decrease or increase?
increase By debiting an account means,specific amount will be deducted for credit to the account for whom it is intended, which is contra entry by nature.
My credit card was rejected because it had no universal account?
it means: the card is involve in some sort of fraudulent scheme or unable to be verified.
Can an individuals savings account be frozen by a creditor?
Yes, if the customer is found to be fraudulent or the origin of funds in his accounts are not properly documented. If the bank suspects money laundering or terrorist activity in a customer's account, it can be frozen
Is it true or false that if you open a savings account you can increase your money?
True - If you keep depositing your monthly savings regularly into your savings account. False - If you don't deposit any money into your account. Money in your savings account does not increase automatically. Banks will credit a small interest amount every quarter/year into your account but that wouldn't increase your balance significantly unless you deposit funds into your account.
What are the disadvantages of control account?
1.some others errors may be created when locating errors in the control account. 2.there maybe more fraudulent activities in the control account if it is not well scrutiny.
Can fraud freeze an checking account?
Yes. All sorts of fraudulent activities can lead to a checking account being frozen. The bank may temporarily freeze the account if they suspect fraudulent activities in the accounts transactions. And, the bank can permanently freeze the account if there is a legal advice from law enforcement agencies reg. your account
The transaction would increase an asset account and increase a liability account?
The transaction would increase an asset account and increase a liability account?
Does Jon Gosselin have a Facebook account?
Jon Gosselin appears to use Facebook, but most accounts have proved to be fraudulent. If he does have an account, it is private.
If Total asset increase return on equity increase or decrease?
Increase in total assets generates increase in either one of liablity account or ultimately an equity account.
How does a closed fraudulent account from a collection agency affect your credit?
It depends on many factors. If the fraudulent account was actually being paid on time, then it might negatively affect your credit score if it were closed. BUT most fraud cases usually end up with the fraudster NOT PAYING the account, which causes late payments and collections. If the creditor agrees the account was fraudulent, then they should REMOVE the account, not just simply show it as "closed". If they haven't done this, you need to dispute this with the credit bureas. Check out this site I've found with lots of helpful information. www.creditscorehero.com
What are the risks if a temporary increase in CEA levels is not accurately accessed?
If this possibility is not taken into account, the patient may be unnecessarily discouraged. Further, treatment that is actually effective may be stopped or changed prematurely.
When an owner deposits cash in an account in the name of the business it is an increase to?
When an owner deposits cash in the bank account of his business, the bank account (assets) will increase in his books and payable account (Liabilities) will increase in the books of the bank.
Does child support office have the right to open a closed account on their own?
I can think of two reasons: the account was closed under fraudulent circumstances; money is owed to the State.
What is the purpose of statement of account?
The purpose of a checking account statement, or any type of account statement for that matter, is to keep track of your account and make sure that no fraudulent activity is happening without your knowledge. Better to be safe than sorry!
What is the purpose of a statement of account?
The purpose of a checking account statement, or any type of account statement for that matter, is to keep track of your account and make sure that no fraudulent activity is happening without your knowledge. Better to be safe than sorry!
If the accounts payable account balance increase on the trial balance?
account payable increase on trial balance
