IDENTITY THEFT LIABILITY — Guide on A consumer’s Liability Following Identity Theft
Imagine waking up in Los Angeles and seeing strange charges on your credit card, or a loan you never applied for suddenly appearing on your credit report. Identity theft can feel overwhelming, but under federal and state law, you may not be responsible for those fraudulent debts at all.
R23 Law’s Consumer Credit Lawyers are here to explain what the law actually says, and how we help victims take back control—at no cost to you.
What Are Your Liability Limits for Fraud?
Credit Card Fraud: Your maximum loss is $50, or $0 if you report early
Under federal law, if you report a stolen card before it’s used, you owe nothing. Even if used, your liability is capped at $50.Debit/ATM Card Fraud: Timing Matters
Report before unauthorized charges → $0
Report within 2 business days → $50
Report within 60 days after your statement → $500
Report after 60 days → Your loss could be unlimited
Card Number Stolen (not the physical card)
If someone uses your card number (not the card), you’re not liable—as long as you report it within 60 days of the statement.
For full details, visit the official Federal Trade Commission website: 👉 FTC: How to Limit Your Losses from Identity Theft
How R23 Law Helps Identity Theft Victims — At No Cost
We help our clients restore their credit and assert their legal rights. We don’t charge you. In most cases, our legal fees are paid by the financial institution or credit bureau that broke the law.
Here’s what we do:
Identify and dispute fraudulent accounts on your credit report
Send dispute letters and contact the credit bureaus (Equifax, Experian, TransUnion)
Communicate directly with banks, lenders, and card companies
Help you file reports with the FTC and local police
File claims under the Fair Credit Reporting Act (FCRA)
Offer full support in English or Chinese
👉 See our Identity Theft Services
Contact Us
If you’re in California and suspect you’re a victim of identity theft, don’t wait.
📞 Call: (310) 598-1588
🌐 Visit: R23Law.com
Office: US Bank Tower, 633 W. 5th Street, 26th Floor, Los Angeles, CA
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