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FRAUD ALERTS !

These days fraud is making the news more and more often. Thieves are perpetrating new scam ideas daily and technology is oftentimes a supporting factor. Internet transactions and pre-approved credit solicitations may be the means of personal identity information getting into the wrong hands.

The Electronic Clearing House Inc (ECHO) reports on one such scam that is seeking to have people reveal their account numbers, only this deception claims that the individual has already been a victim of fraud. The caller claims to be an employee of the fraud department of a major credit card, that amounts have been charged to the cardholder and they are entitled to a substantial refund. The thief asks for verification of the card number or expiration date, whatever piece of information that he is lacking.

It is recommended to never give out personal information to a caller. Instead, reverse the situation; ask for their name and call the company in question yourself. Monitor your credit card statements closely and take immediate action when you do find a charge not initiated by you or any authorized users on your account. To keep your credit card information from thieves when making Internet purchases, check for the padlock icon at the bottom of the browser to be sure your transaction is secure.

For further information on protecting your personal information, visit the Federal Trade Commission online.

In an effort to prevent fraud. . .

A subscription to a credit monitoring service, such as Equifax Credit Watch, alerts the individual to changes in their credit file. These warnings allow you to keep close watch on your present and newly acquired credit accounts either daily or weekly.

Know exactly what is changing in your personal credit report !

Manage Your Credit With Equifax

 

 

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Last modified: 07/30/07