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Credit Card Fraud

Only Available in Archive Formats.
Credit Card Fraud

Credit Card Fraud

Credit Card Fraud

Only Available in Archive Formats.

—- In the first of two reports, NPR's Adam Hochberg investigates a new kind of credit card fraud. Thieves use personal information such as your social security number and birthday, or simply steal preapproved card applications from your mailbox, to set up credit lines under your name. Experts say it's one of the most common white collar crimes, with losses totaling billions of dollars a year. The victims usually prove after several months that they never made the charges and the creditor often absorbs the losses rather than work with police to find and prosecute the criminals.