Tips For Avoiding Credit Fraud

There are a variety of ways that thieves can getof your receipts so that you can compare amounts
your information and use your cards to maketo your actual billing statements, and open the bills
purchases. Here are a few of the more commonwhen they come in and verify that they are correct
ways:each month. Reconcile the account in the same way
You pay for dinner at the restaurant with your credityou would a checking account to make sure
card. Your waitress takes the card to the register,everything is correct.
processes the transaction and returns it. What youWhen you are moving, notify your credit card
didn't see was the copy of your card details that shecompanies immediately with the new address so
made, and later used it to make purchases online andyour statements are not finding their way into
by phone!someone else's hands at the old address.
You can't believe your luck when you get a mailingDon't ever write your account number on the outside
that says you've won a free trip and all you need toof an envelope, or on a postcard. Anyone could
do is join a travel club to get the free trip. Afternotice it and write the information down.
providing your credit card details to join the club, youWhen shopping online, make sure the websites that
never get the free trip and you start seeing chargesyou are shopping from are secure. They should have
on your statement that you didn't make!an "SSL" certificate displayed, or at least have a
A thief finds copies or receipts of items containingdomain starting with "https", where the "s" indicates
your credit card details in the trash and then uses theit is a secure page and it's okay to enter your card
information to make purchases.information.
Fraud like these examples cost cardholders and creditIf you must provide your credit card information by
lenders several hundred million dollars every year.phone, be sure the company you are giving the
While you cannot prevent all fraud from occurring,information to is reputable.
there are reasonable things that you can do to helpOpen your statements each month even if you
prevent and protect against credit fraud.know you did not make a purchase. Make sure that
When using your credit card to pay for dinner at athere are no purchases on the account that you
restaurant, draw a line through all the lines abovedidn't make. If a purchase shows up on your billing
your signature that do not contain money amounts.statement that you are unsure of, call the company
So if you have left a cash tip on the table for thand find out who it is, and what they sell and see if
server, draw a line through the tip line on the receipt,you did make the charge and simply forgot. If you
or even write "left on table" in the space to makestill don't know who the company is, or know you did
sure that the server doesn't add a tip in after younot make a purchase- get on the phone and call the
leave! Try to keep an eye on the server when he orcard company as it is most likely a fraud case.
she takes the card to the register, processes it andIf you still find yourself a victim of credit fraud, you
returns to your table.need to immediately call the credit lender. Once
When you get a new credit card, sign the back asreported, the law protects you against any liability for
soon as you receive it. Carry credit cards in aunauthorized credit charges, and you will only be liable
different place from the rest of your cash, and evenfor up to $50, which is the maximum liability according
someplace other than your wallet if possible. Save allto federal law.