How Credit Card Fraud Affects Your Credit Score

In this episode of The Credit Score Podcast, Lucas and Luna explore what happens to your credit score when you become a victim of credit card fraud. Using the 2023 Capital One data breach as a concrete example, they walk through the immediate steps you should take, how the Fair Credit Billing Act protects you from liability, and why your score might still take a temporary hit even when you do everything right. They explain the difference between fraudulent charges and unauthorized inquiries, how long an active fraud alert stays on your file, and why freezing your credit is often smarter than just placing a fraud alert. Lucas shares the specific form you need to file with the Federal Trade Commission, and Luna pushes back on whether closing all your cards after fraud is actually a bad idea. If you've ever worried about identity theft and your credit score, this episode gives you a clear, actionable playbook. #CreditCardFraud #CreditScore #FICO #IdentityTheft #CapitalOne #DataBreach #FraudAlert #CreditFreeze #FairCreditBillingAct #FTC #CreditReport #ConsumerProtection #ZeroLiability #Finance #PersonalFinance #CreditEducation #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo