Credit Card Fraud Will Drop Your FICO and Ruin Your Life

Credit card fraud may have already happened to you.you receive them.
You go to make a purchase on your charge card to- Maintain a separate record of your account numbers,
pay for dinner at a nice restaurant and your chargeexpiration dates and phone numbers for customer
card is denied - embarrassing, right?service.
You pull out another card and run it through the- Watch your transaction carefully and make sure you
machine and the same thing happens - uh oh! You gotget the card back.
a problem - a big problem.- Never sign a blank receipt and make sure you draw
You keep hoping that your worst thoughts will nota line through any blanks on the receipt that you sign.
come true as you call the issuing bank or company to- Compare your receipts with your monthly statement.
find out what's going on. You find out that not only areIf there are any discrepancies call the credit card
you over your limit on the card, but your 5 othercompany immediately.
charge cards are over the limit as well.- Check with your bank or issuing company to find out
The fact that you never had 5 cards to begin with iswhen they mail out new cards and look for them in the
even more troubling. Someone has taken credit out inmail.
your name and destroyed your ability to buy anything- Notify the companies of any change of address
on credit. Too late for you to be reporting fraud.promptly so that you maintain a continuity of your
It happens daily throughout the world - identity theft, ormonthly statement.
more likely credit card fraud. And for the unfortunateIf you should suspect anything out of the ordinary such
victim - you - the nightmare is just beginning. The fraudas a clerk mishandling your credit card or if you
statistics are alarming. Most victims rarely reportaccidentally left it for even a short time, don't hesitate;
something wrong until it's too late.get a monitoring service or identity theft protection
Here are some tips on fraud prevention and how toservice to keep track of your credit. They will notify
avoid this life-altering catastrophe.you as soon as anything unusual happens to your
- Check your FICO score every six months throughcredit.
one of the credit reporting agencies: Experian,Report Fraud Immediately.
TransUnion, and Equifax.If your credit cards were lost, stolen or misplaced, call
- Do not give your charge card to anyone to use.the issuing credit card company and report credit card
- Do not give your credit card number to anyone overfraud or the event. Any further charges to your
the phone unless you are ordering something in whichaccount after you report the loss will not be your
you originated the call and you are familiar with theresponsibility. Keep the toll free numbers of all your
vendor.credit cards in a safe accessible place.
- Shred old credit card statement and any otherAlthough the credit card fraud penalties are getting
statements with you account numbers or socialmore serious, that doesn't help you when you are the
security numbers on them.victim.
- Sign any new or renewal credit cards as soon as