Beware Of Credit Card Scams- Easy To Spot Signs You’re Getting Ripped Off
By Mike Wayman
If you have had your credit card lost or stolen, someone can use your card to make purchases. Also, spyware is used to obtain people’s credit card details, and if you give out your security code, they can make purchases on the internet or over the phone. If they know your pin number, they can get cash advances from an ATM using a cloned card, where another card has been made with your details.
Keep a watchful eye on your credit card statement for any charges that you did not make. If you have given our credit card details to a suspicious person, perhaps on the internet, keep your eyes out for activity. If you keep your security information somewhere with your card, and it if found missing, this could be a theft.
Good guidelines are to never give out credit card information to someone you don’t trust. Don’t use public computers at libraries or internet cafes to do your online banking. Don’t use software that autocomplets online forms. Scammers can get easy access to your details. Do not give out details on the phone regarding your personal information, credit card, or any online accounts, to anyone you don’t know to be a trusted source. Never send that information through email.
If you find account activity that is not yours contact the bank immediately.
Why You Have To Check Your Credit Report
By Mike Wayman
Credit is something that is useful to everyone, regardless of their income. When you have good credit it is possible to get loans for a vehicle, a car, and pay a better interest rate on that loan. People feel more positive about their future when they have good credit because they have more options financially. What people don’t always think about is checking their credit report. An estimated 50-70 percent of the information found on credit reports is outdated. When a credit bureau obtains financial information on you, they don’t check it for accuracy. One mistake can cause credit problems, so it makes it necessary for every consumer to check on their credit to make sure there are no errors or outdated information.
Identity theft is another good reason to check on your credit. Information on your credit report will tell you if someone has been using your information to purchase goods or services or obtain credit in your name. When you look at your credit report for this information, check for the following errors: Spelling of your name, correct address information, previous addresses, social security number, telephone number, and employer.
Also look for public record information such as liens, bankruptcy, foreclosure and court judgments. Most importantly, check the status of your accounts being up to date with previous creditors. Look for negative remarks on your payment history. Reviewing your credit report once a year is a good rule to follow.
You May Be A Deadbeat And Not Even Know It!
By Mike Wayman
Have you seen the credit card commercials where the financially stable grandpa becomes victim of identity theft? They are hilarious and clever. In fact, they are particularly informative when it comes to the issue of identity theft - a common occurrence happening around the world. For those who are financially stable, like the grandpa in the credit card commercials, the risk of becoming a victim of identity theft and credit fraud is increasing.
In fact, if you think your credit is great but you have not checked the report recently, you could have a horrible report you do not even know about. One of the biggest myths about credit is that you do not need to check your report unless you are having financial difficulties. Do not become victim to this myth.
Check your credit report and look for discrepancies. You might be surprised what you find. It is extremely important that if you do find errors you take the steps to correct them. Even if you are not victim of identity left, there could be a chance that your payments were listed late when you paid on time. If you need to resolve certain issues, write your dispute to the credit-reporting agency. Once, you have done this give the agency 30 days to investigate your claim. It may seem like a hassle, but it is worth it to fix your credit.
