Over at the blog at AskMrCreditCard, I have been digging into a scam involving Budget rental car.
Budget Rent A Car Gives Out Your Credit Card Number To Scammers
More On Negative Option Billing and Preaquired Account Marketing
Here is the short story. You rent a car from Budget. Over six months later you get a "check" that stipulates that when you cash it you get charged a monthly fee to "your credit card on file with Budget".
The problem is, you never authorized Budget to keep your card on file, and as I will write today, Budget can't even tell you which card you have on file, let alone how to get it off their files.
What you are getting is one, two punch of two notorious scams, negative option billing and preaquired account marketing. Each by itself is unscrupulous, and together they are extra devious.
Needless to say, these scammers have a checkered reputation, yet they are clearly still in operation via Budget and Your Credit Card Company!
Be sure to read the blog as I unravel this further....
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