credit report fraud
credit report fraud
I reported my credit card for fraud, and the bank put a derogatory mark on my credit report. Is that correct?
I got a letter from a company their credit card database had been accessed illegally and that the credit card I used may be at risk for fraud. They recommended that I contact my bank to cancel the card I used to purchase one of their products online. I called my bank immediately and had the card canceled and had another one issued. Now a month laster I’m looking at my credit report and there is a derogatory mark on my credit report from my bank saying that the card was lost or stolen under 2 of the 3 credit reporting agency’s. .
Is this correct? Do I get penalized for reporting possible fraud to my credit card?
Yes, the notation is correct…but it’s not a black mark against you…it just shows what happened with the status of the account.
That is not factored into your score in any way.
That is the common notation on credit reports, when a card is cancelled due to being lost/stolen.
