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LOST/STOLEN CREDIT CARDS: LIMIT YOUR LOSSES Most stolen cards are used within 48 hours. So, the sooner you report cards lost or stolen, the less you’ll have to pay. Here’s what you need to do: · Call your card company immediately to report the loss. Most companies have a 24-hour toll free number. · Follow up your call with a letter, giving your account number, the date you noticed the card was missing and when you called in the report. If you call the company before the card is used, the Fair Credit Billing Act says you’re not responsible for charges made. If a thief uses your card before you report it, the most you’ll have to pay is $50. |