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How Likely is to Be Charged with Cc Fraud

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  • 09-24-2019, 02:58 PM
    JCin
    How Likely is to Be Charged with Cc Fraud
    My question involves criminal law for the state of: N.Y.

    I put down inflated income (7k more) on my online CC application and somehow CC company got a hold of my tax transcript. How likely they will report me to the authority? Would DAs going to even bother to go after credit card application dispute? I have the card (I was initially approved but they put a hold on it, it is useless) but I haven't used it yet. I am terrified. Help
  • 09-24-2019, 03:13 PM
    free9man
    Re: How Likely is to Be Charged with Cc Fraud
    It's unlikely that any criminal charges will come of this. The more likely outcome is they close the card and flag you so you are no longer able to get another card from them.
  • 09-24-2019, 03:18 PM
    PayrolGuy
    Re: How Likely is to Be Charged with Cc Fraud
    The chance that this would be reported to the police is so close to zero that you couldn't tell the difference. The chance of a DA prosecuting if they did is even closer to zero.

    The question should be 'how the hell they got your tax transcript?' My bet is they didn't. And a tax transcript only shows what you have been paid in the past not what you are paid now.
  • 09-24-2019, 03:27 PM
    JCin
    Re: How Likely is to Be Charged with Cc Fraud
    They knew exactly how much I made and where I work. I have been researching avvo on this matter for days and vast majority of attorneys on there said this is considered fraud and you can be prosecuted for it. That's why I asked.
  • 09-24-2019, 03:40 PM
    PayrolGuy
    Re: How Likely is to Be Charged with Cc Fraud
    I still don't think they got it from your federal tax records. That is simply not available to them.

    Sure it is a fraud but the state simply doesn't have the resources to prosecute things like this. Especially when you have received no financial gain from it.
  • 09-24-2019, 03:55 PM
    JCin
    Re: How Likely is to Be Charged with Cc Fraud
    [QUOTE=PayrolGuy;1125793]I still don't think they got it from your federal tax records. That is simply not available to them.

    Sure it is a fraud but the state simply doesn't have the resources to prosecute things like this. Especially when you have received no financial gain from it.[/QUOT

    I went back to their website and read the fine print it says they have right to pull your tax record using (eqafax, sp?) When you electronically do your application.
  • 09-24-2019, 05:19 PM
    llworking
    Re: How Likely is to Be Charged with Cc Fraud
    [QUOTE=JCin;1125794]
    Quote:

    Quoting PayrolGuy
    View Post
    I still don't think they got it from your federal tax records. That is simply not available to them.

    Sure it is a fraud but the state simply doesn't have the resources to prosecute things like this. Especially when you have received no financial gain from it.[/QUOT

    I went back to their website and read the fine print it says they have right to pull your tax record using (eqafax, sp?) When you electronically do your application.

    Then by signing the application you gave them permission to pull your tax records, although, generally signing some contract like that wouldn't be good enough for the IRS. Generally it would require a signed form 4506-T.
  • 09-25-2019, 07:06 AM
    PayrolGuy
    Re: How Likely is to Be Charged with Cc Fraud
    Quote:

    Quoting JCin
    View Post
    I went back to their website and read the fine print it says they have right to pull your tax record using (eqafax, sp?) When you electronically do your application.

    You must have signed (electronically or otherwise) either a 4506-T and/or 4506T-EZ. I've never seen that done with a credit card but who knows.

    Even if you did that doesn't change my thoughts on your being prosecuted.
  • 09-25-2019, 07:17 AM
    llworking
    Re: How Likely is to Be Charged with Cc Fraud
    Quote:

    Quoting PayrolGuy
    View Post
    I still don't think they got it from your federal tax records. That is simply not available to them.

    Sure it is a fraud but the state simply doesn't have the resources to prosecute things like this. Especially when you have received no financial gain from it.

    There was no victim either since the credit card was never active.
  • 09-25-2019, 09:06 AM
    adjusterjack
    Re: How Likely is to Be Charged with Cc Fraud
    Quote:

    Quoting JCin
    View Post

    I went back to their website and read the fine print it says they have right to pull your tax record using (eqafax, sp?) When you electronically do your application.

    Equifax.

    The irony is that you probably would have gotten the card without lying about your income.

    You're not likely to be prosecuted for it but you might have more to worry about if your credit got trashed because of it.

    Check your credit score and your credit reports (www.annualcreditreport.com) to see if this made a dent.
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