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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Signing CC's or Not? Date:  5/31/2001  5:46 PM
Author:  alorchip Number:  73711 of 312717

This has been an interesting discussion, but another factor is your time spent with all this ID checking. Time is an important resource so why spend it providing IDs, engaging in the inevitable converstions with the clerks, and holding up everyone else in line?

Legally you can be held responsible for at most $50 of fraudulent credit card charges, and if the card issuer believes you were not complicent in the fraud they will rarely even hold you responsible even for the $50. If the card company nevertheless tries to make you pay, just refuse. Probably they won't sue you for the $50. And if they do, the judge will probably roll his eyes or worse at them.
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