Thursday, September 27, 2007

Stop Credit Card Fraud

Tips to prevent Fraud (adapted from www.hints-n-tips.com)

  • Sign new cards immediately and then destroy your old card.
  • Shred old credit card statements. These have your name, address and often your card number. If you throw these out then shred them first. This prevents the common practice of criminals going through the trash to find receipts and stealing your identity\
  • Never fax your credit card number. Anyone can pick this up at the other end and you may even accidentally send it to the wrong person. Avoid doing this if possible.
  • Use caution when giving your credit card number out on the phone or on the Internet.Also never give any personal information to an unannounced caller. With your name, address and some documents from your rubbish people can steal your identity.
  • When buying online look for an Internet address that begins https:\\. The “s” stands for a secure connection and a small padlock symbol should appear in the bottom right hand corner of your screen. This should mean that it is safe to use your card
  • Call your credit card company instantly if you suspect trouble. All credit card companies have 24 hour lost and stolen help lines. Call as soon as you realise your card is missing or you find a wierd transaction on your statement! Your credit card company will block your cards from being used and should stop you from being responsible for any charges thieves incure.
  • Take advantage of any security features your card offers. Many newer cards have the option of including your photograph on the card. This is excellent protection and is highly recommended.

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