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Replying To:
one idea (none / 0) (#6)
by Anonymous User on Wed May 07, 2008 at 01:12:40 PM PDT

I doubt the credit agencies will like this, but I put it out there anyway. The credit card companies should be required to keep as part of your card history/file a statement of acceptance signed/acknowledge by you for every autorenewal or automatic debit vendor. In other words, one statement on file for each vendor you do business with that autorenews or auto-debits your account. That way it's clear to everybody if the transactions were approved by you up front or not and it's easier for the credit agencies to investigate unauthorized transactions. No statement on file for that vendor - reverse transaction and slap vendor.


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