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Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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Losses Due to Credit Card Fraud

Around the world, bank card fraud losses to Visa and Master-Card alone have increased from $110 million in 1980 to an estimated $1.63 billion in 1995. The United States has suffered the bulk of these losses-approximately $875 million for 1995 alone. This is not surprising because 71 percent of all worldwide revolving credit cards in circulation were issued in this country.
        Categories:  Credit Card,Fraud
        Reporting Pub:  The FBI
        Reporting Date:  6/1/1997
        Article Title:  Plastic Payments: Trends In Credit Card Fraud
        Article Author:  Keith Slotter, CPA
        Pub's Source:  Sharon Walsh, "Cracking Down on Fraud With Credit Cards," The Washington Post,December 5, 1995, 1.
        Source URL:  View details from source
 

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