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URL:  http://boards.fool.com/what-fraud-risk-is-this-there-more-fraud-risk-30485144.aspx

Subject:  Re: Secure Credit Card and APR Date:  1/14/2013  7:01 PM
Author:  vkg Number:  306712 of 308858

What fraud risk? Is this there more fraud risk specific to a secured credit card? In this case, the bank has money on account as surety for payment. The cardholder fails to pay, the bank can refuse to redeem their CD...

Covering fraudlent charges is part of the cost of doing business.
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