| In speaking of drawbacks of credit cards another form | | | | prevent this action and that is to make sure you |
| is the fraud of making copies of stored information | | | | always keep a sharp eye upon the credit cards. |
| upon the credit card, also known as "Skimming". This | | | | Skimming has also known to take place at various |
| has become extremely popular for those who are | | | | unwatched ATMS such as those within a mall. Your |
| making the business of stealing other peoples financial | | | | credit card could become stuck within the ATM or |
| information and making use of it. Each time you let | | | | done in such a way that you believe that the ATM |
| your credit card leave your hands, you run the risk of | | | | has kept your card for some reason, but in actuality, |
| credit card skimming. | | | | the thief has inserted something within the ATM in |
| In general, skimming occurs in a public place such as a | | | | efforts to steal your card along with a camera that |
| restaurant, shop, or retail store. Anyone who is | | | | has recorded your pin number. |
| dishonest and in the fraud business such as a cashier | | | | It is important that you become extremely aware of |
| or waiter could swipe the credit card for payment of | | | | your surroundings and keep close eyes upon your |
| their services and then unbeknownst to you swipe it a | | | | surroundings. Make sure, if the ATM ever keeps your |
| second time in a device known as a "skimmer". A | | | | card that, you immediately report the instance to the |
| skimmer is a small device that is similar to the size of a | | | | bank or Credit Card Company. Additionally, you should |
| pager that has a slot; this is purchased very easily on | | | | ensure that each credit card statement you receive, |
| the internet. What it does is it will record information | | | | you carefully examine it for anything that should not be |
| stored upon a credit card (magnetic strip) and it will do | | | | on there. Make sure you keep all limits of credit low |
| so extremely fast. Then the information that it records | | | | upon credit cards to help minimize losses if you do fall |
| is passed to thieves who will then put the information | | | | prey to skimming. With the risks of being financially |
| upon a credit card that is counterfeit. | | | | crippled, you should be keenly aware of any and all |
| This essentially means that your money is now in the | | | | activity in regards to your credit cards. |
| hands of the thieves. There is only one way to | | | | |