Hardly a day goes by without getting a credit card offer in the mail. Preapprovals, pre-approvals to apply and sometimes worthless credit card appearing “this could be you” props included in these annoying pieces of junk mail that we intuitively know must be shredded. Odd enough, this problem is far older than anyone would imagine as one unfortunate Kansas livestock trader found out the hard way in 1899.
The First Case of Credit Card Fraud – 1899 – Fraud –Repossession History






More Stories
The $694 Million Paradox: When Does a Risky Loan Become Too Risky to Make?
Stop Waiting for the Credit Report: Put the Fraud Alert in the LOS
The Payment Moved, The Depreciation Didn’t
Your Collateral Just Left the Country
Lien Stripping: Mechanic’s Lien Loopholes and the Ticking Time Bomb
The Fraud Factory