Bank Statement Descriptor

SETTLEMENT CO. CHARGEFraudulent Bank Statement Charge — Impersonated Settlement Company

CRITICAL — 92/100
Typical Amount

$800.00

Community Reports

1

Scam Type

Impersonated Settlement Company

Last Reported

Today

What is this charge?

A charge from a fraudulent entity impersonating a legitimate settlement company, often related to wire fraud during closing.

How much does SETTLEMENT CO. CHARGE charge?

The typical charge amount for "SETTLEMENT CO. CHARGE" is $800.00. Victims have reported similar amounts. Check your full statement history for multiple or recurring charges.

Is SETTLEMENT CO. CHARGE a scam?

Yes, "SETTLEMENT CO. CHARGE" is almost certainly fraudulent. With a threat level of 92/100, this charge has been confirmed as a scam by multiple consumer reports.

What to do if you see SETTLEMENT CO. CHARGE on your statement

  1. Freeze your card immediately — Contact your bank to block further unauthorized charges.
  2. Contact your bank — Call the number on the back of your card to initiate a dispute within 60 days.
  3. File an FTC report — Report at reportfraud.ftc.gov to create an official record.

How to Dispute This Charge

  1. 1

    Gather evidence

    Take a screenshot of the charge on your statement showing "SETTLEMENT CO. CHARGE", the date, and amount. Save it as a PDF if possible.

  2. 2

    Contact your bank immediately

    Call the number on the back of your card or use your bank's app to initiate a dispute. Do this within 60 days of the charge date.

  3. 3

    Use dispute reason: "Unauthorized charge"

    State clearly that you did not authorize this charge and have no relationship with this merchant.

  4. 4

    File a complaint with the CFPB

    Submit at consumerfinance.gov/complaint — CFPB complaints are forwarded to your bank and require a formal response within 15 days.

  5. 5

    Follow up in writing

    Send a certified letter to your bank within 10 days of the phone call to create a legal paper trail. Keep the tracking number.

Report to FTC

reportfraud.ftc.gov

CFPB Complaint

consumerfinance.gov

IC3 (FBI)

ic3.gov

Frequently Asked Questions

What is "SETTLEMENT CO. CHARGE" on my bank statement?
A charge from a fraudulent entity impersonating a legitimate settlement company, often related to wire fraud during closing.
Is "SETTLEMENT CO. CHARGE" a scam?
Yes. "SETTLEMENT CO. CHARGE" is classified as a Impersonated Settlement Company with a threat level of 92/100 in the TitanAlert database. It has been reported by 1 consumer and is considered critical severity.
How much does "SETTLEMENT CO. CHARGE" typically charge?
The typical charge amount for "SETTLEMENT CO. CHARGE" is $800.00. However, amounts may vary. Always check your full statement history for multiple charges.
How do I stop "SETTLEMENT CO. CHARGE" from charging me again?
To stop future charges: (1) Contact your bank and request a new card number immediately, (2) Dispute all charges as unauthorized, (3) Search your email for any confirmation from this merchant and cancel any accounts, (4) File a complaint with the FTC at reportfraud.ftc.gov.

How many people have reported SETTLEMENT CO. CHARGE?

1 consumer has reported this charge in the TitanAlert database. This community data helps others identify fraudulent charges quickly.

Were you charged by SETTLEMENT CO. CHARGE?

Your report helps protect other consumers. Share your experience — amount, date, and resolution.

Report This Charge

Related Fraudulent Descriptors

Other impersonated settlement company descriptors in our database

ESCROW HOLDING CO

⚠️Impersonated Escrow Holding Company

CRITICAL

A charge from a fraudulent entity posing as an escrow holding company to divert funds.

$1800.001 report
Back to all descriptors