6 Ways To Protect Yourself from Credit Card Fraud | GoodFinancial.info

6 Ways To Protect Yourself from Credit Card Fraud

With so much at stake, it pays to know what the most prevalent types of credit card fraud are, how victims are tricked, and how you can protect yourself.

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The biggest drawback of using a credit card is the risk of credit card fraud. Unlike debt (which is incurred consciously) credit card fraud can strike at any time, and frequently with no warning to the card holder until it’s too late. And the consequences range from the merely annoying, such as having to call and cancel your stolen card, to the downright catastrophic, such as identity theft. With so much at stake, it pays to know what the most prevalent types of credit card fraud are, how victims are tricked, and how you can protect yourself. Billshrink explains the six most serious threats and offers six protection tips below.

Physically Stolen Cards

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The oldest form of credit card fraud is the brazen theft of physical cards by criminals. Consumers are susceptible to theft in any location where they are joined by strangers the bank, the supermarket, even a busy city street. Professional pickpockets have trained themselves to detect signs of distraction and move in for the kill when it…

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6 Ways To Protect Yourself from Credit Card Fraud

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This entry was posted on Tuesday, April 27th, 2010 at 1:44 pm and is filed under News. You can follow any comments to this entry through the RSS 2.0 feed. You can leave a comment, or trackback from your own site.

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