Don't Be a Credit Card Fraud Victim - 4 Things You Must Do

You can be a credit card fraud victim even if yourthe reports with the Federal Trade Commission.
card has never left your sight. Thieves and hackersContact the three credit reporting bureaus. TransUnion,
have figured out how to help themselves to yourExperian, and Equifax will place an alert or flag an
money, and you need to minimize the damage if itaccount signifying possible fraudulent activity. They will
happens to you. Here are a few tips.contact you before any new lines are opened. You
The first thing you need to do is to contact the cardcan also ask to have an account frozen; your credit
issuer. Most have a 24 hour hotline setup just for thishistory can't be reviewed by lenders, and you cannot
purpose. They don't want strangers spending youropen any new lines of credit.
money any more than you do! By law, the most youFinally, stay on top of everything you have done to this
would be responsible for is $50 per credit card, andpoint. It's very important that you start or continue to
then you will be responsible for no further unauthorizedkeep a close eye on all your credit card statements,
charges to the account. However, if you lose an ATMbank accounts and credit reports.
or debit card, you could lose everything if you wait tooAlthough stolen or lost credit cards remain the biggest
long in contacting the issuer.source of fraud, online hackers are becoming a very
Next, you'll want to contact the authorities. File a reportclose second. Don't become a credit card fraud victim.
with the police. Make sure to get a copy of the policeWatch your credit and money closely!
report for proof of the unauthorized charges. Also file