My wife was going over one of our credit card bills and asked, what's this charge? It read "PSV*SA RESOURCE REPO 866-867-1750 MD" and listed 39.00 for the charge. When you google it it shows a scam someone is doing. A call to the card company showed they had some type of account with the card company, and were just submitting made up numbers and some were valid. Turns out the "company" doing this is located in South Africa, so nothing legal can be done here, and I can't even go visit them to have a heart to heart talk. So my question is, do you know of any soldiers of fortune that could travel to South Africa and put these people out of business? I am not thinking legally over there. Thinking more along the lines of compound fractures. There's just nothing like a scumbag seeing his bones protrude through his skin to really understand he should stop this. There has to be thousands out there that got scammed. I would chip in 10 or 20 bucks and I'm sure others would. It's just time that someone started doing something about this that doesn't involve lawyers or state department people. What do you say?
Let's get these b*st*rds
- Thread starter mac
- Start date
JMMUSTANG
car wash owner
Mac just take a BIG DEEP breathe.
I am not sure that every credit card company does this but several of mine call if there is a charge from outside the US. One time when I went on a cruise I used it in the Carribean and the charge was refused. I had to call the credit card company to let them know I was out of the country and the one making the charge. I assume that your company allowed you to dispute the charge.
I have to agree that it would be nice to exact a little revenge though.
I have to agree that it would be nice to exact a little revenge though.
pitzerwm
Active member
Now days, if you are going to leave the country, you do need to let your credit card company know about it.
Also, be aware that most credit card companies, now charge a 3% foreign transaction fee on top of everything else, Debit cards can charge 1-3% foreign fees. I found a Capital One card that doesn't charge this fee. also Canada is considered a foreign country.
There are thousands of scams, so you need to watch your accounts. Also be aware that business bank accounts are not protected by Reg. Z. If there is a unauthorized withdrawal on your account, you may not get it back. Keep your balances down.
Also, be aware that most credit card companies, now charge a 3% foreign transaction fee on top of everything else, Debit cards can charge 1-3% foreign fees. I found a Capital One card that doesn't charge this fee. also Canada is considered a foreign country.
There are thousands of scams, so you need to watch your accounts. Also be aware that business bank accounts are not protected by Reg. Z. If there is a unauthorized withdrawal on your account, you may not get it back. Keep your balances down.
Bill this gets complicated. My credit card company said they would credit the charge, but the scammers had up to 45 days to rebut that. I also had my business checkong ripped off for about $1,500, which the bank covered. I won't tell you how easy it was for them to do it. I understand to keep the checking balance low, but many companies I apply to for credit look at the average checking balance to see if I'm worth it. Darned if you do, and darned if you don't. As long as there is no real punishment, people will continur to do this, and the legal and law enforcement people won't do anything. So I'm for getting a possee together.
I read that in Europe the banks issue credit cards - debit cards with chips in them and it almost elimnates these types of fraud. But the american banks dont want to go thru the expense of doing this and upgrading the systems from the simple megnetic strip info.
The European banks were debating weather or not to accecpt our lower security measures, (i.e. american credit cards would not be accecped by EU banks)
The European banks were debating weather or not to accecpt our lower security measures, (i.e. american credit cards would not be accecped by EU banks)
Washmee
Fullservice Tunnel
I'm not so sure about that Mike. There has been some items in the news recently about people stealing info from low cost RFID scanning equipment.
Wireless identity theft
pitzerwm
Active member
The smart chip in the CC isn't RFID, although they can be either or, one of my hotel keys in NZ, had RFID and a smart chip in it.
KristaM
New member
That charge was for a newsletter you purchased called the S&A Resource Report. That newsletter is published by Stansberry and Associates. We are located in Baltimore, MD- not South Africa. The number listed was our old customer service number. The $39 charge is the special price for the first year. You had a 4 month trial period to look over that subscription and cancel for a full refund.
If you have any questions about Stansberry and Associates, our new customer service number is 1-888-261-2693. We are open Monday - Friday, 9-5 EST.
Well Krista, I really feel stupid now. You are correct. I must have misdialed when I went to check the number and just assumed I was getting taken. My apologies. By the way, I highly recommend the newsletter. For anyone wanting to take control of their own investments, this is good stuff.
pitzerwm
Active member
On a side note, Stansberry was convicted by the SEC I believe. He claims that he was framed and its been on appeal for years. If you read the actual legal documents, I think that you would agree that he was guilty. I personally talked to a close friend of his, and they admitted that he "sometimes" made wild assumptions. Another thing that always bothers me is when you have a number of company/corp layers, which to me intercepts into "good luck suing me".
Another thing to pay attention to is an automatical renewal of whatever you have subscribed to. Another company that sends you to Stansberry's site, International Living does this, even when I told them not to.
Another thing to pay attention to is an automatical renewal of whatever you have subscribed to. Another company that sends you to Stansberry's site, International Living does this, even when I told them not to.
pitzerwm
Active member
Just Google him
Well there certainly are a lot of opinions on Mr Stansberry out there. Many are not too kind. This has been a real learning experience for me in getting more involved with investments and the market. I find Stansberry's newsletter worth paying for, but the comments I found on him do seem to have some merit. I guess the best way to look at this is to keep your eyes and mind wide open and a firm hand on the credit cards.
pitzerwm
Active member
I take a few newsletter and feel that all of them are just blowing smoke to fill the pages. Almost anything will come true if you wait long enough. I love it when they claim that they warned you about something that happened a couple of years ago, which there is pretty much no way to verify it or not.
Read, read, read educate yourself
Read, read, read educate yourself
