PROTECT YOUR CREDIT CARD FROM THE FRAUD GRINCH
The holiday shopping rush has begun.
Do you know where your credit cards are?
Credit card theft and fraudulent charges cost consumers hundreds of millions of dollars annually.
During this time of year, thieves take advantage of the hustle and bustle, when you have so many things on your mind and so many things are happening at once, to steal your credit cards and credit card numbers.
It can happen in many ways.
People can go through the garbage cans of stores to find credit card receipts. They can rummage through your garbage to find credit card slips. Dishonest store clerks can copy down your card number when you are not looking and either use it themselves or sell it to someone else. Or, you might set your card down on the counter, just for a moment, and a quick-handed thief takes it while you’re distracted.
Also keep in mind that pickpockets are very active during the holiday season.
Don’t let a thief ruin this happy time for you.
Take steps to protect your credit cards:
When you receive a new card in the mail, sign it immediately. If you don’t, someone else can forge your signature if you lose the card.
Don’t carry your cards in your wallet. Instead, keep them in a business card case, in a zippered compartment in a purse or briefcase or a separate pouch. And keep your eyes on that purse, pouch or case!
Keep a record of each card number and expiration date, as well as the phone number and address for the card issuer in a safe place at home.
When making a purchase, watch your card during the entire transaction and take it back quickly.
Void any receipts that are incorrect.
If the store still uses carbons, tell the clerk to give them to you. Tear them up into several small pieces and take them with you. Dump the pieces in several different waste baskets or shred them at home.
Save your receipts to compare with your billing statement.
When you receive your statement, examine it as soon as possible for fraudulent charges.
If there are any fraudulent charges, call and write the card issuer immediately to report them. Many credit card companies have toll-free numbers and 24-hour service.
If feasible, consider making all of your holiday purchases on one card. It will be easier to keep track of what charges you actually made.
If you plan to move, notify your credit card companies in advance so they can send your bills to the correct address.
Don’t lend your card to anyone.
Don’t leave receipts laying around. If someone should break into your house, they will give thieves the information they need to use your credit cards.
Don’t sign a blank receipt. If there are any blank lines above the total, draw a line through them.
Don’t give out your credit card number over the phone unless you initiated the call and it’s to a business that you know is reputable.
If you lose your card or someone uses the number fraudulently, you are not responsible for any charges made on the card after you make the report. By law, you are liable for a maximum of $50 for each card if fraud has been committed.

To learn more about credit cards and improving your credit, visit http://upyourcredit.blogspot.com/

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