Please tell me about letting friends borrow your credit card.? Is it possible to lend a credit card but then report the charges as fraudulent b/c you did not authorize the borrowee to make as large a debt as she did, i.e. is the burden on ME to prove that I did not willingly lend the card or does her using the credit card in a store (with cams) automatically make her a fraudster ? thanks for your input
ok ok, thanks
It is never ever a good idea to lend anyone your credit card. With most credit cards now a days if you are going to report that there has been fraudulent activity on your credit card they ask you file a police report detailing the theft. When you do this, the police then can investigate and possibly tie the use of the card back to your friend. If your friend tells them that you loaned her the card, you will probably be in some serious trouble. Not only will you be charged with filing a false report, you can be charged with accessory to credit card fraud.
If you are not approving the amount your friend charged on your credit card, you should take her to court to sue her for the amount owed. References :
Sweetie "You" are responsible! If you claim the charges are fraudulent, and they find out differently later on, you could be charged and go to jail. References :
Since you gave your friend the card, you are responsible for all the charges. Your only option would be to pay off the card and sue your friend in small claims to get reimbursed for her charges.
It is very foolish to lend your credit card to anyone! References :
July 3rd, 2009 | 
Author: 
Posted in Debt Prevention
Please tell me about letting friends borrow your credit card.?
Is it possible to lend a credit card but then report the charges as fraudulent b/c you did not authorize the borrowee to make as large a debt as she did, i.e. is the burden on ME to prove that I did not willingly lend the card or does her using the credit card in a store (with cams) automatically make her a fraudster ? thanks for your input
ok ok, thanks
It is never ever a good idea to lend anyone your credit card. With most credit cards now a days if you are going to report that there has been fraudulent activity on your credit card they ask you file a police report detailing the theft. When you do this, the police then can investigate and possibly tie the use of the card back to your friend. If your friend tells them that you loaned her the card, you will probably be in some serious trouble. Not only will you be charged with filing a false report, you can be charged with accessory to credit card fraud.
If you are not approving the amount your friend charged on your credit card, you should take her to court to sue her for the amount owed.
References :
Sweetie "You" are responsible! If you claim the charges are fraudulent, and they find out differently later on, you could be charged and go to jail.
References :
No. Lending your card is one of the stupidest things you could do. YOU are responsible for the use of your card.
References :
Since you gave your friend the card, you are responsible for all the charges. Your only option would be to pay off the card and sue your friend in small claims to get reimbursed for her charges.
It is very foolish to lend your credit card to anyone!
References :