Credit Card Fraud: An Idiots Guide To Prevention
Modern society has created a monster known as credit card fraud. With the considerable use of credit cards, the world has become a playground for the common credit larcenist. But, if you educate yourself on the issue at hand, and learn the steps to take, you can combat this momentous problem.
Some credit card perpetrators have started combing through garbage cans searching for your credit card data. If they discover credit card receipts or credit card account statements, they are in luck. The thieves then use the credit card numbers to purchase items on the internet. Some even produce a new credit card using your account number and all of your credit information.
This type of credit card fraud can easily be prevented. Before you throw any credit card receipts or statements containing your account number away, make sure they are completely destroyed. This will assure that your credit card information can never be discovered and reused.
Checking your credit report and credit card statements monthly can ensure that no unauthorized charges have been made to any of your credit card accounts. If you come across something curious in one of your credit accounts, you should act at once.
Call the credit card company immediately and report that someone has stolen your credit card or credit card number, and you would like this card canceled without delay. Invalidating the card will assure that no further charges can be made to your account and no additional financial damage can be done to your credit.
Your credit cards should be with you at all times for safe keeping. While most people carry their cards in wallets, it is actually better to carry them in a separate compartment. An example would be a small container, a mini pouch or a business card holder.
Always stay alert with each credit card transaction you make. Be sure to get your card back immediately after the purchase is completed. Not all credit thieves are after your actual credit card; most just want your credit card account number to finance their illicit business deals.
Credit card fraud has become quite abundant on the internet. There are several things you should avoid when using a card online. Never enter your credit card number on websites that are hyperlinked through an email. This screams fraud. This will most likely lead you to a scam site created to steal your credit card information.
You should be very cautious when giving your credit card number to online companies. If at all possible, try to only supply your number when only critical. If you do need to make a purchase online, there a payment services now offered that permit you to purchase an item without having to give your credit card information to an unauthorized third party.
Fwd Credit
which is an excellent place to find credit links,
resources and articles. For more information go to:http://www.fwdcredit.com
Heart Puzzle
Banks. Another Possible Scam
On October 31, 2008, I received two messages within a couple hours of each other from two banks. The first message was from a so-called “First National Bank of DeRidder, Louisiana” asking to do a survey and it would credit $99.99 into my account. Of Course, it would not immediate tell me to what account credit would be applied. So, I did the survey using fatuitous name and info. along with a police departments phone number and YES, here it was, the next page asked me for my CREDIT CARD number. How sweet you may say. REALLY??!! Continue reading below.At about 11:10AM, I received the second message from Clarkston State Bank, which would not provide a location address. The phone numbers to this site was a third party numbers for reporting lost or stolen credit or debt cards. However, even when I found the number and contacted the company, the out-going message only gave the street address and not a city, state, or zip. Odd! Clarkston State Bank message is:“Important Message Alert on E Mail Phishing ScamWe have received reports of an email circulating around the internet requesting the recipients to visit a link in the email and complete a survey. This link brings you to a fraudulent website that looks very similar to the Clarkston State Bank website. The survey requests the recipient's card account number and PIN in order to deposit $99.99 to the account for completing the survey. If you received this email solicitation and inadvertently provided your card information for this survey through the website, please take the necessary steps to cancel your card and report any unauthorized usage of the card to your Bank.”BACK TO MY INFORMATION TO YOU:This is my problem with both banks. The first bank is definitely scamming. Its website address is generated through “ucla.edu” (either University of Central Louisiana or the actual UCLA in CA (not sure which one). The second bank does not leave much room to be desired, since:
1. The first bank’s website does NOT look anything like the second bank’s site (as Clarkston Bank stated).
2. A reputable business (especially a bank) would provide phone number and an address. None exists on this bank’s main page or any other pages for that matter.
3. The “Contact US” provides a phone number; however, no one answers. This page of the site requires you to place your personal information so that the bank representative would contact you (possibly through email). ODD!In my opinion this is not professionalism and I don’t know if I would trust this bank either. Please share your stories and experiences with me through my website which is displayed in the “about Author” or “Author’s Bio” or through email at Author@MasterCreditRepair.net. If my bio is not displayed with the article, please search me through search engines and tell me your thoughts and experiences. Go to our website and join the membership…With best wishes, thanks and love;Mike Samadi
For over 12 years he has been assisting consumers with their creditor, merchant and government agencies issues. When people were consumed and troubled by issues for a year or more- he, in a few hours or a day would solve most (if not all) their difficulties.
His believes in: "More Lost by Indecision than by Bad Decision", "Knowledge is wealth", "Ask and you shall receive" among others.
He had been college professor for years and is continually pursuing motivation speaking.
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Credit Repair: Avoiding Scams!
The Credit Repair Professional
The credit repair business requires a clear grasp of the interaction of many factors. Credit bureaus, creditors, and collectors are each regulated under their own set of federal laws. There are state laws that may supercede the federal laws. In the background of all of this activity is Fair Isaac and Company that formulates your FICO Score based on the makeup of the information on your report. Credit repair professionals must have a working knowledge of all of these factors and more.And the Not-So-Professional
True credit repair professionals provide an incredibly valuable service. But there are also those that misrepresent themselves and the services they offer. These deceptive practices will waste your money, and in some cases leave you worse off than ever. Here is our list of the top offences…Authorized User Alert
Some so-called credit repair companies have been brokering "authorized user" status on credit card accounts. This involves making the customer an authorized user on someone else's credit card to boost the customers FICO score. This is not illegal, but you should be aware that Fair Isaac and Company, in response to this practice, has eliminated authorized user benefits from the new FICO scoring model. According to Fair Isaac, one of the three credit bureaus will begin using the new scoring model in September 2007. The other two credit bureaus will adopt the new model by mid-2008.The New Identity Trap
There is a busy little credit repair sub-culture that offers to help you establish a new identity by applying for an Employer Identification Number (EIN) which they suggest that you use in place of your Social Security Number. This amazes us! And it is a serious crime that could put you in prison. Steer clear.Promises Promises
Watch out for companies that guarantee results such as a specific increase in your credit scores in a specific period of time. Professional, reputable credit repair companies can produce dramatic results! But given the fact that there is no way to predict the responsiveness of the credit bureaus, creditors, or collectors it is inappropriate to make such promises, and a sure sign of bad business.The One-Dimensional Credit Repair Problem
Beware of credit repair companies that offer credit bureau disputes, and nothing more. They are most likely using software that simply pumps out dispute letters - repeatedly. This one dimensional approach to credit repair is certain to produce disappointment. Effective credit repair requires the skill to challenge the bureaus, creditors, and collectors alike; all with the knowledge and understanding of the legislation that governs them, and a grasp of how each change in your report can affect your FICO scores.Power Corrupts
I’m going to stray a bit from the category of credit repair scams and touch on two of the more egregious offenders in the credit reporting industry. Many people mistake size for honesty. Power can corrupt, and the journey to the dark side is often led by corporate attorneys who constantly test the limits of consumer’s tolerance. Credit repair can be tricky enough, but getting hoodwinked by the credit bureaus can be downright discouraging. Here are offenders that we encounter on a daily basis. False Credit
Every day untold numbers of consumers go to TransUnion's "True Credit" website and pay for what they believe to be their credit scores. What they get are deceptively named "TrueCredit" scores which vary significantly from the FICO scores used by lenders. Here is the (almost impossible to find) small print from the TransUnion website. "TrueCredit is not connected in any way with Fair, Isaac and Company; the credit score provided here is not a so-called FICO score. The credit scores of TransUnion may not be identical in every respect to any consumer credit scores produced by any other company."Not Free Credit Report
Are you starting your credit repair effort? You can get all three of your credit reports for free, one time per year, from AnnualCreditReport.com. Don’t be fooled by Experian's freecreditreport.com website! Here is the fine print: "When you order your free report here, you will begin your free trial membership in Triple AdvantageSM Credit Monitoring. If you don't cancel your membership within the 30-day trial period, you will be billed $12.95 for each month that you continue your membership." And it may not be so easy to cancel. The Office of the Attorney General of Florida lists the following issues in their investigation of Experian: "Deceptive advertising, misleading domain name, and failure to honor cancellations in violation of Chapter 501, Part II, Florida Statutes (Florida Deceptive and Unfair Trade Practices Act)."
Copyright © 2007 James W. Kemish. All Content. All Rights Reserved.
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