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Victim Credit Card Fraud

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Are you aware of how many ways there are for thieves to take access of your credit card accounts and make unauthorised charges against your account? Simply by rummaging through old receipts that you have thrown out or left somewhere public, or by a shop assistant quickly scribbling down your card details while they are out of your sight, or by an untrustworthy seller who you give your details to on the phone, by mail or on the internet, your private account details can be taken and abused by anyone.



While most of these situations are quite rare, and there are safety measures in place to avoid the abuses they highlight, it is a fact that credit card fraud and identity theft is a growing problem that is costing the financial services industry more and more each year. Therefore it is important to be aware of the potential dangers and be familiar with a few simple steps you can take to reduce the risk that you will become the victim of identity theft.

Take The Right Steps

One of the simplest steps you can take is to sign all your cards on the signature strip on the back as soon as they arrive. You can also consider carrying your cards separately from your wallet and driver’s licence so that if someone were to find them, they wouldn’t necessarily have your identity and address. Keep your pin numbers etc. somewhere safe and never with your cards. If it is possible, the safest thing to do is to memorise and then destroy pin numbers.

If your card is out of sight during a transaction try to see what is going on behind the counter and seek to get it back as soon as possible. While still relatively rare, there is a lot of information on your card, which can be copied and used later on. You should destroy receipts if you do not need them. You should also check carefully all your monthly statements and make sure that all charges were in fact made by you. IF you have any doubts, contact your card issuer immediately to sort it out.

Do’s and Don’ts

Never leave your cards lying around where others can get access to them and don’t lend your card to anyone. Don’t sign blank receipts and never give your account details over the phone, by mail or on the Internet unless you are sure you are dealing with a company that you know and can trust.

If you do suspect fraud, or if you lose your cards, report it immediately to your card issuer. By following these simple steps you should be able to considerably reduce the risks of card fraud being perpetrated against you.
Victim Credit Card Fraud
Credit cards have come a long way since it was first used in the US in 1920's. Today it is enjoying global popularity in almost any kind of business available. Along with it, credit card fraud is also becoming a growing trend for modern day thieves. All they need to steal is just your credit card number and voila, everything else follows. The next thing you know, your credit card has been used by another person who lives a thousand miles away, even from another country or continent, to make his own purchases. That leaves you to pay for these goods regardless of how expensive they may be. Even though you have been exercising self-control in spending, you may still end up with bad credit. In the credit bureaus eyes, you are guilty until proven innocent.

10 Quick and Easy Steps You Can Take To Protect Your Credit From Identity Thieves

How can you avoid being a victim of such credit card fraud? Take a look at these precautions and spare yourself the trouble:

* Never give your credit card number or any other credit card information to anyone. Whether over the phone or through email, don't give out any detail especially when you are told that it's for verification purposes only.

* Do not write your credit card details or your PIN anywhere. Make sure that your list of these information is hidden in a safe place.

* Don't leave your card unattended. Never put down your credit card where it is possible for you to forget them. Don't put it on places where other people can have a good view on the card number.

* Don't put it in your wallet. Ideally, it is better to carry your credit card in a separate pouch or compartment. Don't put all your credit cards in one place and take only the credit card you need to use.

* Keep an eye on it. When making purchases at stores or supermarkets, keep an eye on your credit card at all times and ensure that you get it back as quickly as possible.

* Shred anything that contains your credit card number like used receipts, credit applications or past billing statements. Don't just throw them in the trash bin, make sure that they are ripped and torn to pieces. Although many businesses have started to remove your credit card number from the receipt there are still merchants that don't do that. Its up to you to make sure to destroy those receipts with your credit card number on them.

* Never enter your credit card information on a non-secured website.

* Always check that your credit card bills are correct and that there are no extra charges for anything you did not purchase. If you find any incorrect detail, call your credit card issuer immediately and point out these errors.

* If you have a change of address, advise your credit card issuers at once.

* If you're credit card is stolen, immediately report it to the credit card issuers. By law, lost credit cards or theft releases you from any responsibility or unauthorized charges made. If you would be asked to pay, the maximum liability required by the Federal Law is only $50.

Most of the above steps are really simple actions that are frequently overlooked by many people. Putting these steps into practice could save you from a lot of frustration.
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About Author
Both Joseph Kenny & Annette D. Wilson 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.

Joseph Kenny has sinced written about articles on various topics from Credit Cards, Debt Consolidation and Credit Cards. Joseph Kenny is the webmaster of the credit card comparison site and also CreditCards121.com for the latest. Joseph Kenny's top article generates over 550000 views. to your Favourites.

Annette D. Wilson has sinced written about articles on various topics from Credit Cards, Build Online Business and Credit Cards. - Ezcredit Crepair Solutions is a site dedicated to helping people interested in improv. Annette D. Wilson's top article generates over 14800 views. to your Favourites.
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