How to Prevent Identity Theft

Posted on May 18, 2021 by Guy Atkinson

There are many types of credit cards, but the most common in North America is the credit card. These cards have had a great run recently, and some people enjoy having them so much. They can be an excellent way to build credit history. However, they have also been the target of many fraud schemes in the past. In this article, I will discuss how you can protect yourself from identity theft through the use of your credit card.

When it comes to identity theft, you need to keep in mind that you are not the only one who has this problem. As soon as someone obtains your credit information, they can take out loans, apply for credit, and do just about anything else they please with your personal information. It can be quite easy for someone to obtain your credit card number through fraudulent means.

It can also be easy for someone to get a hold of your card information. This usually happens if the card is lost or stolen, which is more common than most people think. Many of these scams involve someone using your address or phone number to make purchases. This is done in order to get the card numbers so the thief can use it for their own personal gain.

Your best protection from identity theft through the use of your credit card is to avoid giving your personal information out over the phone or internet. You should never go by the telephone number on the card. If you do give out this information, then you should call the credit card company right away and make sure that there is an investigation going on. If you do not do this, then it is very possible for someone to use the information that is on your credit card. This could result in your account being completely closed.

If you already have credit cards, then you should review them each year to make sure that the information on them is true and correct. Make sure that your monthly bill is accurate. The balance that you are paying each month should not change because of a sudden change in your financial situation. There are many ways that you can prevent identity theft, but by making sure that your credit card information is protected at all times, you will be protecting yourself from this horrible problem.

Identity theft is one of the fastest growing crimes of this century, and if you currently have credit cards, you need to review them each year to make sure that they are updated with the most recent information. You can learn more about identity theft, how to stop it, and how to repair your credit report by visiting the official United States Federal Trade Commission website. There, you can find everything you need to know about credit cards and how to avoid being a victim.

Tip of the Day

Time management for Finance Professionals

time management

 

I’ve just re-read Richard Denny’s fantastic book ‘Selling to Win’, in which he mentions a time management technique that I learnt many, many years ago from an old boss of mine.

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