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Useful Tips On Avoiding Credit and Charge Card Fraud
Credit and charge card fraud costs cardholders and issuers
hundreds of millions of dollars each year. While theft is the
most obvious form of fraud, it can occur in other ways. For
example, someone may use your card number without your
knowledge.
It's not always possible to prevent credit or charge card
fraud from happening. But there are a few steps you can take to
make it more difficult for a crook to capture your card or card
numbers and minimize the possibility.
Do:
Sign your cards as soon as they arrive.
Carry your cards separately from your wallet, in a zippered
compartment, a business card holder, or another small pouch.
Keep a record of your account numbers, their expiration dates,
and the phone number and address of each company in a secure
place. Keep an eye on your card during the transaction, and get
it back as quickly as possible.
Void incorrect receipts.
Destroy carbons.
Save receipts to compare with billing statements.
Open bills promptly and reconcile accounts monthly, just as
you would your checking account.
Report any questionable charges promptly to the card
issuer.
Notify card companies in advance of a change in address.
Don't:
Lend your card(s) to anyone.
Leave cards or receipts lying around.
Sign a blank receipt. When you sign a receipt, draw a line
through any blank spaces above the total.
Write your account number on a postcard or the outside of an
envelope.
Give out your account number over the phone unless you're
making the call to a company you know is reputable.
Reporting Losses and Fraud If you lose your credit or charge
cards or if you realize they've been lost or stolen, immediately
call the issuer(s).
Many companies have toll-free numbers and 24-hour service to
deal with such emergencies.
You may freely reprint this article provided the author's
biography remains intact:
John Mussi is the founder of Direct Online Loans who help UK
homeowners find the best available loans via the http://www.directonlineloans.co.uk
website.
MORE RESOURCES:
Credit - Google News
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