What happens if I am found guilty of fraud or misuse in a credit card dispute?

If you are found guilty of fraud or misuse in a credit card dispute in New Hampshire, you may face severe penalties. Depending on the nature of the fraud or misuse, criminal penalties can range from a misdemeanor to a felony. A felony charge can lead to jail time and hefty fines. You may also face civil penalties. In this case, the credit card issuer can take action to recover any losses they may have suffered due to your fraud or misuse. This could include them suing you for damages or attempting to collect the debt from you directly. If they are successful, you may have to pay back any losses they incurred. In addition to these penalties, your credit score may also suffer. Credit card issuers may report your fraud or misuse to credit bureaus, which could have a negative impact on your credit score. Additionally, you may be unable to apply for other credit cards in the future as a result of your fraud or misuse. No matter what the circumstances surrounding your case, it is important to seek legal advice from a qualified lawyer. An experienced lawyer can help ensure your rights are protected and assist you in reaching a fair resolution to your dispute.

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