Question by John B: 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?
Best answer:
Answer by Sportsmomof3
I suggest putting the request in writing, asking the bank to remove what you believe to be a derragatory remark, or your concerned about how it will looks. Or go to the equifax, trans union, and trw site and file an online dispute, where they will investigate and the bank has 30 days to respond, or it will be dropped.
What do you think? Answer below!
Realtors(R) Help Buyers Overcome Tight Mortgage Credit Conditions
The Fair Credit Reporting Act protects consumers from unfair treatment as a result of inaccurate information in personal credit files. Individuals may obtain a free copy of their report and have the right to examine, revise, delete old information, …
Read more on MarketWatch (press release)
