How To Protect Yourself Against Credit Card Fraud

In the high tech world of today, credit card fraud is an ever increasing problem.

By 2005 it is estimated that the online payment industry will capture $12.5 Billion in revenue. This is up over 20% from 2004.

In the United Kindom alone, credit card fraud cost companies £504.8 Million in 2004.

With so many people shopping and paying online it is no wonder that credit card fraud is on every online consumer's mind.

There is no way to guarantee credit or credit card fraud will never happen to you. But there are a few steps you can take to make it more difficult for someone to capture your card or card numbers and minimize the possibility.

Sign your cards as soon as they arrive.

Carry your cards separately from your wallet, in a zippered compartment.

Keep a record of your account numbers, their expiration dates, and the phone number and address of each company in a secure place.

Keep an eye on your card during the transaction, and get it back as quickly as possible.

Void incorrect receipts.

Destroy carbon copies.

Save receipts to compare with billing statements.

Open bills promptly and reconcile accounts monthly, just as you would your checking account.

Report any questionable charges promptly to the card issuer.

Notify card companies in advance of a change in address.

IT is important to remember to not give your credit card to anyone.

Never leave credit cards or receipts lying around.

Never give out your account number over the phone.

John Parsons is founder of http://CorporateNarc.Com?. The mission of http://www.CorporateNarc.Com? is to educate the public in consumer affairs and to provide consumers with up-to-date business information. In addition we hope to ensure better services for the consumer by exposing business fraud and corruption, as well as unfair and deceptive business practices.

This article my be reproduced as long as the author's name and url to http://www.Corporatenarc.com are present at the end of the article.

---

UPS Delivers the Goods, Your Identity

Well now we add CitiGroup and UPS to the Identity... Read More

Credit Help for Real Estate Financing: Credit Scores

When you buy real estate, lenders run all of the... Read More

Cutting Credit Card Costs

What are the APRs charged by the credit cards in... Read More

Credit Counseling: Is it Really Necessary?

Not everyone has a positive experience with credit counseling. Potential... Read More

7 Compelling Reasons Why A Prepaid Debit Card May Be Just The Financial Tool You Need

Prepaid debit cards are great financial tools and may be... Read More

Why Does FACTA Matter to Me?

FACTA stands for Fair and Accurate Credit Transaction Act. FACTA... Read More

What is Credit Counselling?

Ever wondered what is Credit Counselling? There are occasions when... Read More

How To Establish Great Credit

Building a good credit history is important. If you have... Read More

Useful Tips When Choosing Credit Cards

Chances are you have received your share of "pre-approved" credit... Read More

Credit Reports Inside and Out

The Credit Report is like your scorecard in the lending... Read More

Collection Agencies: What Do They Do?

Collection agencies are businesses that collect past-due bills and accounts... Read More

Credit Card Shocker

Have you ever looked at your credit card statement? I'm... Read More

Start Building Credit Fast!

There are a couple of reasons for this. You can... Read More

Fair Credit Reporting Act: What You Should Know About It?

The Federal Fair Credit Reporting Act (FCRA) is designated to... Read More

Collection Agency Secrets for Collecting on Bad Debt

Getting worried that one of your clients, customers or patients... Read More

5 Ways To Prevent Credit Card Late Fees

Paying a credit card late fee is the same as... Read More

Credit Card Balance Transfers Can Help You Stop Putting Money Down The Drain

As you probably know, interest rates are at all time... Read More

Different Ways to Borrow Money

There are many different ways to borrow money. Outlined below... Read More

Credit Card Balance Transfers Explained

What is a balance transfer ? A balance transfer can... Read More

The Hazards Of Your First Credit Card

You probably don't need me to tell you credit cards... Read More

Identity Theft ? Additional Protection for Soldiers on Active Duty

Congress passed the Fair Credit Reporting Act several years ago... Read More

Credit Card Tips

Here are some useful credit card tips for you to... Read More

Protect Yourself Against Identity Theft

Identity theft is when someone uses, without permission, your personal... Read More

Balance Transfers Can Help You Stop Putting Money Down The Drain!

As you probably know, interest rates are at all time... Read More

Which Citi Mastercard Is Right For You?

You've decided to apply for a Citi MasterCard, but with... Read More

Identity Theft - How to Protect Yourself

"Like the tan? I got tons of sun on that... Read More

Is Your Credit Score Costing You Money?

Most of us want a good credit report to obtain... Read More

Credit Cards - Why Prepay?

With prepaid credit cards, you get the practicality of plastic... Read More

10 Step Credit Repair Guide

The process of clearing credit can be laborious and frustrating,... Read More

Your Credit Rating and How To Check It

There is a lot of confusion surrounding UK credit ratings,... Read More

Credit Damage: Getting Compensated for Your Loss

Until recently lawyers for victims of credit damage had little... Read More

Credit Repair Myths and Facts

There are no secrets to repairing your credit. Many shady... Read More

Student Credit Cards

STUDENT CREDIT CARDS With graduate debt averaging... Read More