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 Post subject: Do Credit Unions have different insurance for fake checks?
PostPosted: Wed Sep 28, 2005 1:25 pm 
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Joined: Wed Sep 28, 2005 1:17 pm
Posts: 1
I was also scammed through auto trader. I was taken for $9600. As soon as I realized it was a scam I contacted my credit union and told them what was going on. They said I needed to get a police report so they could turn it in to their insurance. The president of the bank acted like their insurance should cover this. Has anyone heard of this? Does a Credit Union do things differently than a regular bank? I should know in a few days if the insurance covers this.


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 Post subject:
PostPosted: Wed Sep 28, 2005 3:25 pm 
I have never heard of any insurance for any small losses, most bank insurance kicks in after a $100,000.00 plus loss.


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 Post subject:
PostPosted: Sat Oct 08, 2005 10:28 pm 
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Joined: Fri Nov 28, 2003 7:21 pm
Posts: 1249
If banks had insurance for small loss they wouldnt be so harsh on the victims of these scams and so demanding. The only way to recoup the loss is to make the victim pay up one way or the other unfortunately. They do this either by suing in court, having the victim prosecuted or making the victim take out a loan and pay it off for the amount owed plus interest. Either way the victim has to pay. Unfair as it sounds, in all fairness if they gave you the money and you spent it, you owe it.

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