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Criminal Easily Commit Credit Card Identity Theft
Legal Yogi is here to inform you that credit card fraud is the simplest type of identity theft. If you have ever used a credit card at a gas station or restaurant and accidentally left your copy of the receipt, you could have easily become a victim of credit card fraud. It really is as simple as that. If you have ever tossed your paid monthly credit card statement in the trash and left it out for trash pickup, you could easily have been a victim of credit card identity theft. Not only that, in this age of easy internet information, even if your address is not on the receipt you threw away, it can be obtained with just a few clicks of a mouse.
Here is some interesting information about credit card identity theft:
- How can people use my credit card information?
- How Can I Protect my Credit Card Information?
- How Can I Repair my Credit After Identity Theft has Taken Place?
How Can People Use My Credit Card Information?
With only a name, date of birth, and social security number, someone else can get loans, open a bank account, get access to your existing bank accounts, and even buy a house. Chances are you will know nothing about it until creditors come knocking on your door for payment, or you apply for credit and are denied, because now…your credit is bad. Credit card fraud and identity theft is big business, and the normal, honest people out there, even children, are the victims.
How Can I Protect my Credit Card Information?
With the easy access and popularity of the internet, it is easy to get information. It is imperative that you protect your information. Get a safe deposit box or lock your personal documents in a hidden safe in your home for things like credit cards, passports, and social security cards. Watch your mail, and if bills do not come on time, call the companies in question. Keep a close watch on your credit report, which legal-yogi can assist you with. Monitor your credit card and bank statements closely and as often as once a week to be sure they are not showing unauthorized transactions. Though internet credit card fraud is not as prevalent as people think, it is risky, so be sure you look for security seals and deal only with reputable sites online.
Finally, be careful about the information you put out there of a non-financial nature. I recently discovered someone can find out almost anything about me from my facebook. Never mind that my privacy settings only included my facebook friends, because many of the identity theft perpetrators are friends or family members.
How Can I Repair my Credit After Identity Theft has Taken Place?
You may be asking if you can ever recover from credit card ID theft. The answer is yes. You can recover, but it takes hours of frustrating effort to correct something you are not responsible for. For that reason, many people are subscribing to credit card identity theft protection services, so they can be notified as soon as any suspicious activity occurs, but there are steps people can take to help protect their credit card information on their own.
The truth is most of us don’t even know how to report credit card theft, but if you’re victimized and not a member of a credit card fraud program, the first thing you should do is contact the Federal Trade Commission at 1-877-382-4357 for Credit card fraud reporting.
If you need expert, no obligation advice, don’t hesitate to use the easy tools provided for you at Legal-yogi.com, but above all, act quickly, because, in this case, time is not your friend.