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Hmm. I understood this to be different, but realizing now I don’t have sources for where I learned this: * Bank accounts, savings accounts, brokerage accounts,
by r3trohack3r 5y ago
Hmm. I understood this to be different, but realizing now I don’t have sources for where I learned this:
* Bank accounts, savings accounts, brokerage accounts, etc. are all unlimited liability
* Lines of credit are all zero liability
I’ve used this as a rule of thumb for many years, and was the initial reason for me switching to 100% credit cards for transactions.
- DannyBee 5y agoYeah, i'm telling you based on what the statutes say (the FCBA covers credit cards, the EFTA covers debit) A short version of it is here: https://www.consumer.ftc.gov/articles/0213-lost-or-stolen-credit-atm-and-debit-cards https://www.consumer.ftc.gov/articles/0213-lost-or-stolen-cr...