How Closely Do You Monitor Your Credit Card Statement?

Being a victim of identity theft myself, I know the struggles of dealing with this topic. The credit card companies are at fault because of their lack of security when it comes to credit card usage and existing information. Credit card fraud is the easiest to commit and the most common. The Bureau of Justice did a study in 2007 with 7.9 billion people surveyed on how many households with at least one member of the household has been a victim of identity theft. The statistics showed that existing credit card theft increased from 2005 to 2007 by 31% and with 6.6% of people, being

Cases of fraud have been increasing over the years, and different agencies and authorities that have the task of subduing fraud have to get involved and put a stop to it. In the instance of which fraud has been uncovered, it is crucial to be aware of the red flags that were present in relation to fraud and associate them to the factors related to the fraud risk assessment. As Troy Gillard states in the Rd news magazine, a man that broke free after being acknowledged as suspicious when he wanted to take a loan out at the Cash Canada using a stolen ID amongst other official documents that had been stolen. It seemed that the ID and the other documents

protect yourself from becoming a victim of credit card fraud and how to avoid traps that thieves

Upon arrival, I made contact with the male victim, identified as Robert Allen Pileggi. Pileggi advised me that his grandson, later identified as Aaron Joseph Pileggi, took his Suntrust Visa MasterCard card from his wallet and used it at without permission.

My Mom was actually just recently a victim of identity theft, a couple weeks ago she got a call from her bank questioning some charges that had been made in New Jersey around the same times she had made charges in Toledo, where we live. Obviously my Mom told them they were fraudulent charges because she’s never been to New Jersey so the bank put a freeze on her account. They think someone had gotten her account number by putting a magnetic strip at a gas pump she had used somewhere. It took about a week for her to get everything straightened out, she had to cancel her card as well so it took 10 days for her to get a replacement..it was a big hassle.

One reason identify theft is being a fast growing crime in the United State is because; more people credit card information is being stolen. Around 10% of American has fallen victims to credit card theft. Around 7% of Americans have been victim of debit or ATM fraud and 12% of the fraud was on internet websites and 10 % was on the telephone. One example of identity theft was eighteen months after moving in with his fiancée Joe Tremba begain to receive collection letter about past due credit card account that have been given to a collection agency. Tremba who always pays his bills on time was

In the article, “Someone Had Taken Over My Life” by Laura Shin, Amy Krebs describes what it feels like to become a victim of identity theft. She got a call one day unexpectedly from a major credit card company’s fraud department. They said someone had tried to access a credit card using Amy’s name, address and Social Security number. She thought someone had stolen her credit card and had maybe gone out to eat or purchased some items, but she was wrong. This was a bigger and more serious problem than Amy has ever imagined. It involved going to many court cases, and took at least a year to solve. Amy advises to be cautious with your information going forward, because even if you do all the right things and shred things, and ask all the right

Credit cards are important financial instruments and they are often employed these days to fulfill the needs of financing important needs and requirements. People often use credit cards to buy necessary items as well as achieving access to luxurious ones that they cannot afford with their current savings. There are many things about credit cards that you may not have been aware of. Here, we inform you about the six things that you did not know about credit cards.

There's nothing new about bank and credit card companies offering various programs designed to help account owners. In fact, most companies will sign new individuals up for trials of these programs, whether or not they actually want to try it out. One of the biggest issues with this is that the consumer is expected to cancel the program if they don't like it. Until then, they get charged monthly for services, such as credit score trackers, identity theft programs, payment protection, and more. None of these services are a necessity for the average consumer, and most people don't realize that they can have $30 to $50 in service charges each month in their checking or credit card accounts. So then, here are five of these such services.

Knowing your score can give you a general idea of what kinds of financial products and loans you can access. Additionally, if you check your score and it isn't what you expected, this may be indicative of fraud or identity theft. Checking your score regularly can help you catch things early and clean up any problems.

As I would see it, the quantity of individuals who fell casualty of data fraud in 2014 is still far too high considering that everybody should think about distinguish robbery and the straightforward approaches to help shield themselves from this risk. For example, don't react to messages from individuals or organizations you don't have the foggiest idea, on the off chance that you get an email from your bank, get back to the number on the of your card and not the one gave to you in the email, have hostile to spyware and against infection insurance on your PC, and dependable ensure that the site you are utilizing is a secured site.

Last year, The US retailer, Target, reported that there were almost forty million transaction information been stolen by hacker. Those information include card numbers, name, expired date and security code, and the information can be used for making counterfeits. The theft seriously damaged Target’s reputation and shareholders' equity. According to the CNN news, Target might loss $148 million in this accident.

The less sophisticated thieves have perfected the art of “dumpster-driving” rummaging through trash. Abusing employer’s authorized access to credit reports or some even playing ‘landlord’ has given them unauthorized access to victim’s reports. Some victims have been scammed fro information by an identity thief posing as a legitimate businessperson or government official. In the most recent news from Concord, NC (Aug. 19, 2004), the police have uncovered a more sophisticated case of ID theft. The newspapers stated, “Authorities think a portable credit card reader, or skimmer, was used to read personal information off a credit card’s magnetic strip. Then those details were applied to the strip on the back of a different cared.”

Credit card companies prey on naïve students to maximize their own profit. According to the documentary Maxed Out (2006), credit card companies prey on uneducated adults who more than likely not pay their bill on time. This guarantees them max profit whether it is paid by consumer or companies that buy debt.

1. Contact the fraud department at any of the three nationwide credit reporting companies and ask them to place a fraud alert on your credit report. A fraud alert tells creditors to follow certain procedures to protect you before they open new accounts or make certain changes to an existing account.