1. Yes, you are liable for the fraudlent transactions on your credit card in case the same is not reported in time.
2. In case you have come to know of your lost card, first action is to report the same to the issuer bank and note the transaction number provided by the customer service representative or the online transaction number.
3. Therafter you are free from any encumberances occuring on any such lost card.Certain service providers provide a security on lost card transactions by virtue of insurance cover taken on it.
Tuesday, October 9, 2007
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