The credit card industry seems to be growing at an remarkable rate. According to some statistical research, the average American household has at least one credit card. In fact, from the total participants in the survey, 81% of the households, have at least one credit card.
This leads us, to believe that more and more people, are tempted, to get their own credit card. The causes of wanting to do this, are based on the fact that credit cards, offer huge cashless, shopping enjoyment. Therefore, everyone seems to be inspired, to get at least one credit card. Nonetheless, the efforts of the credit card industry does not finish, here.
What people do not realize, is that the way on how they use their credit cards, can greatly influence, the way they exist. For example, fraud and fraudulent activities are very widespread, in the industry and the best targets of the criminals, are those who use credit cards frequently, for shopping.
People should pay attention to one of the most common credit card scams, in our society today, is identity theft. In fact, it has been documented, by the FBI, that between 350,000 to 500,000, cases of identity theft are known to have happened, in the U.S.A, every single year.
Fundamentally, identity theft is when some dishonest people, try to get some information from you, such as your social security number and other relevant personal or financial data.
This type of information, is used unscrupulously, by these people, for their own gain. Hence, the poor victim does not realize, that his or her identity was stolen and that his financial future is ruined.
For this reason, it is important to know, how to prevent, getting into trouble.
Here is how:
1. Protect your personal data and any financial information.
Never engage in phone calls, that require you to give out, any personal data or information, even if the caller says he is from the bank, that issued your credit card and that the information questioning, is just some sort of verification.
If this is the case, try to let the caller know, that you would rather deal with the situation, personally, at your bank. Therefore, it is important to verify, that the caller is, indeed, a representative of your bank.
2. Stay away from, freebies and offers that need your credit card, details.
If you were offered with some promotion, needing you to give some personal information, then, it would be better not to partake, in the promotion.
These promotional activities try to entice you, to make a commitment. Thereafter, it is too late to realize, that you have just been a victim, of an identity theft.
3. Have a regular check up on your credit car balance and bills.
Most of the credit card holders, are not regularly checking out, on their, status. If this is done, it will be easier for you to discover, any probable identity theft case, on your part. Credit reports can certainly tell you, if there were purchases, that you know that, you did not make.
4. Do not carry your credit card around, with you. The problem that most people have, is that they tend to carry their credit cards, with them, everywhere. This is a bad habit, that should be ended. You will never know what might happen, while you are in, a public place, where identity theft could just be lurking around, the next corner, waiting for its next victim.
The bottom line is that credit card users should be responsible enough, not to allow these fraudulent activities, to happen. Always be aware of the fact, why these kinds of frauds exist, is that there are people who are unknowingly, defrauded, every now and then, which makes the criminals work easier.
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Author Resource:
I have been working online for about 16 years. Have useful skills in web development and at the moment, particularly interested in ebook membership website management. Please visit plrmember.com or ebooks4mobile.com for more details, FREE signup available. Have a good Read and stay in the Lead, cheers Don DocRabbit(ARR) :)
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