The Penny Hoarder's Sr. Editor, Robin Hartill (AKA Dear Penny), hosted a LIVE Q&A from January 13th - January 17th.  During that week she answered member questions about credit card debt.  Take a read through the topics below for great conversations and tips to help you navigate the world of credit card debt! 

Hello!! I have a credit card that was used to purchase gift cards and then payments were made and canceled by an outside source. SCAM! I was notified by the credit card companies fraud department. They investigated and closed my account. This card only had a $1,200 line of credit. They said I was privy to the fraud. Which I was not. We have one other credit card with a $500 line of credit. We use these for emergencies or travel only. What can I do to get this line reopened? It has hurt my credit score also. I am/was in the process of raising. Any options would be appreciated. Thank you!!

Original Post

Sorry that happened to you @Sivak

This sounds tricky because a lot of your rights with regards to credit card fraud rely on you recognizing and reporting it pretty quickly. You can read up about the rules for the Fair Credit and Billing Act here.

I'm not an attorney, so I don't know what your rights are in this situation. But I'd consider filing a police report so you can document what happened and then filing a complaint with the FTC.

Has anyone else here encountered a similar issue?

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