There is so much credit flying about these days, that keeping tabs on the credit you have and the credit you have had in the past, would be a full time job. That’s if you decided to apply your time to it. Not only that the threat of fraud being committed in your name is becoming a bigger and bigger problem, by the minute and could lead to many problems that could see you refused any credit in the future.
There is though a knight in shining armour riding to our rescue. It is in the form of the new CreditExpert Monitoring Service, which is a subscriber service and is being made available to us, by the UK’s biggest credit reference agency Experian. It is aimed to cut out any problems that could befall our finances.
It works by letting you know when any changes are made to your personal credit information that they hold on you. It also allows you to keep track of your own financial information at any time that you wish to do so. This means that you can have any details you need at the drop of a hat.
But the biggest and most valuable thing that it does for you in my opinion is the protection that offers you, in the fight against Identity Fraud. A major worry for all of us and it should be. By being able to go online, we can keep a close eye out for any discrepancies, which may take place on our credit report. Though to give you added security, the new service will alert you if anything changes on your report.
The only service of it’s kind in the UK. The CreditExpert Monitoring service will send you weekly alerts via, your E-mail address or by a SMS text to your mobile phone. Once you have received your alert, al you then have to do is get online and check your credit report for any changes that have come about. If any of the changes that you have been contacted about are of your knowledge, then you will be satisfied that your personal details are in good hands.
Though on the flip side of the coin, you find that the changes, such as a loan or credit card have been applied for in your name and it is not of your doing, then the online site will have all of the resources in which you can use to inform them that there may be fraudulent use of your name being committed. It will also be useful to check that the company you have applied for credit from has placed all of your personal information correctly, if not then you can use the service to inform the credit agency of any mistakes.
Types Of Credit Card Fraud
Many Low Cost Carriers have emerged in the Indian and neighboring skies and allied business reports have been filtering in ever since as to their positive and negative role-play in what can be the possible future of the travel industry, related fields of business and passengers. However, while most of the world at large is rejoicing at the prospects of big savings and bigger special discounts given by these LCC's to regular, middle class customers that couldn't have afforded air-travel before this option emerged, there is wide-spread panic within the LCC providing services: the impact of credit card frauds on the LCC being the greatest cause of concern for the travel industry.
The impact of credit card fraud on the LCC and how it has led to a greater necessitation for enhanced data security and safer means of alternate transaction of tickets for LCC customers and corporate ticket buying is hanging in the balance currently with industry watchers claiming data theft, identity theft and misuse of credit cards to buy cheap LCC tickets and sell them at premium prices being a real headache for genuine flight operators.
Understanding the concept, consequences and impact of credit card fraud on the LCC
The travel industry has fast realized the negative consequences of launching a customer friendly scheme of ticket-purchase via credit cards as many big players have burnt their fingers and reputation, in trying to uphold their market image after the sudden impact of credit card fraud on the LCC has been publicized.
The management of LCCs and that of smaller travel agencies where sometimes the booking is outsourced to, as affiliate partners have been under cloud as reports of credit card fraud in the travel industry have costing the airline industry about $1.5 billion annually filter in!
Both Peter Kenny & Manoj Gursahani are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Peter Kenny has sinced written about articles on various topics from Credit Cards, Finances and Best Money Market. Peter Kenny is a writer for creditcards-gbFor additional articles and an extensive resource for everything about credit cards, please visit us at
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