Wednesday, June 29, 2005

8 No-Cost Tips to Guard against Identity Theft & Credit Card Fraud

Here's eight ways for you to guard against identity theft
while saving yourself time and money:


  • Make sure your credit card company has your most
    current phone number (especially your cell phone -or-
    work number) so the card company can call
    you immediately when they spot suspicious charge
    patterns on your account.
  • Don't ever use your ATM debit card for Internet
    purchases. Your credit card fraud liability is limited
    to $50 but ATM debit card fraud could drain all of the
    available funds within your checking account.
  • Be on the lookout for small but unusual transactions
    such as frequent purchases at gas stations you did not
    make.
  • If you get a phone call or an e-mail about
    suspicious activity on your account, give no
    information over the phone or on-line.
    Instead, write the card representative's name down on
    paper and attempt to call them back at the number
    listed on the back of your card.
  • Frequently inspect your statements on-line.
  • Call your credit card company immediately if a
    monthly statement doesn't appear in the mail on time.
  • Shred your statements once you've checked to make
    sure they're correct.
  • Shred new card solicitations promptly after
    reading them.

Eight-No-Cost-Tips-to-Guard-against-Identity-Theft-and-Credit-Card-Fraud-audio-post - click to play


4 Comments:

At 7:15 PM, Blogger Ed Dickson said...

The best things in life are free and there are a lot of expensive identity theft products out there!

 
At 9:17 AM, Anonymous Moi ;) said...

Just don't shred your statements if you use them for your taxes....!

 
At 1:44 PM, Blogger agent99 said...

Moi ;) said:

"Just don't shred your statements if you use them for your taxes....!"
-------

Good point, MOI:>!

I'm not an accountant, but I
believe the IRS recommended retention period for potential
audits is 7 years post current
year tax filing.

And, better still - get your statements in electronic format
so that you can archive them to
floppy or cd-rom. That way you
can then securely store them at
your bank's security deposit box
to keep them off your computer
hard drive as well as not generating paper versions to
be stolen from your home or office.

 
At 1:45 PM, Blogger agent99 said...

....and don't forget to encrypt those electronic versions you store offsite.

 

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