Credit fraud. There have been cases of identity theft where someone applies for credit using another person's name. You can ask a credit. If you lose your credit card, don't leave it hanging. It's time to swing into action, before someone, like a fraudster, milks your plastic buddy for all it's. Because the payment is deducted directly from a checking or savings account. If you use a debit card at a retail store, you or the cashier can run your card.