Protect Yourself by Reporting a Lost or Stolen Credit Card

Every year, many consumers will report a lost or stolen credit card. The sooner you make the report, the less chance there is that you will be held liable for transactions you did not make. Here’s what to do when your cards are stolen, and why you should report them stolen immediately.

What to do when your credit card is stolen

First, call your credit card company as soon as you are certain that your card has been lost or stolen. Most credit card companies have toll free numbers with live call center representatives for you to speak with. Cancel the card and be sure to get the person’s name that you speak to and write it down.

Second, always send an email or letter as a follow up to your call to the credit card company and keep a copy for yourself as proof that you requested a cancellation on a certain date.

Third, monitor your statements very closely and note any transactions that you did not make. Report the questionable transactions to your credit card company immediately, and send a letter to the billing errors address for your credit card company. Again, keep a copy for yourself.

Fourth, if you have renter’s or homeowner’s insurance, check to see if your policy will cover any charges for which you are found to be liable.

What can happen if you don’t report your card stolen?

As soon as your lost or stolen credit card is reported, from that moment forward you cannot be held responsible for any transactions that are not authorized. Failure to report it stolen means that you are on the hook for the charges until you report it. If you report the card stolen two days later, you will be held responsible for $50.00; more than two days but less than 60 calendar days, $500.00; more than 60 days after your statement is sent to you, according to federal law, you are responsible for all charges.

Learn to protect your credit cards, and when you suspect that one or more cards have been lost or stolen, or if you notice any unusual spending behaviour, report it immediately to protect your finances.

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Northcash is an economic arm of the Fort Belknap Indian Community, a federally-recognized Indian tribe located in Hays, Montana. The Tribe and its businesses have governmental sovereign immunity and have not and are not waiving that immunity for any purpose associated with the consumer lending business of Northcash and therefore Northcash is not subject to suit by you or any third-party for any reason. CAUTION: IF YOU ARE NOT COMFORTABLE DOING BUSINESS WITH A SOVEREIGN INDIAN TRIBE THAT IS NOT SUBJECT TO SUIT, YOU SHOULD IMMEDIATELY DISCONTINUE USING AND ACCESSING THIS SITE. We may from time to time in our sole discretion and without notice to you modify the terms of this Agreement and/or change the rules that govern your use of our Site.

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North Star Finance, LLC d/b/a Northcash, an economic arm of the Fort Belknap Indian Community.

This is an expensive form of borrowing, and it is not intended to be a long-term financial solution. Northcash loans are designed to assist you in meeting your emergency borrowing needs. The Annual Percentage Rate (APR) applied to your loan will vary depending on the pay period with the maximum APR on any Northcash loan being 795%. This is a term installment loan with approximate equal payments, but you have the right to prepay at any time. Any instances of late or non-payment may be subject to additional fees, such as NSF and late fees, as well as collection activities Before borrowing, we ask that you assess your ability to repay the amount you borrow.

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