A guest post by Dorothy of the [redacted due to the guest poster’s idiocy]
Credit cards are a common financial accessory that people use for their day to day transactions. So it is important that we protect our credit cards. As information technology is booming, scammers are taking advantage of it and are fraudulently stealing credit card numbers. As a result, credit card frauds are leaving people distressed and pushing them towards a severe financial crisis.
Credit cards come with a lot of utilities. But if they are stolen or forged, it takes a heavy toll on your finances. In the U.S. you will find various credit card debt management or consolidation plans. However consolidating debts could ruin your credit score as well. There are many consolidation firms that mislead people with their flashy adverts and a false promise. Confide into them only when you have cross-checked their goodwill. One reason why these credit card frauds are increasing is losing your cards or leaving your receipt after shopping or making any other transactions. This allows credit card fraudsters to access your card numbers. Here are some tips for you for not getting into the trap of fraudsters:
Fraudsters often get access to your credit card from various fraud companies. So never give out your account details to a company who has called you. You can check out the reputation of a company at your local consumer protection office or Better Business Bureau. The moment you lose your credit card report it. Remember that you can never be made liable for any unauthorized charges.
The FTC works for the consumer to prevent credit card frauds and other criminal practices. To file a complaint or to get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters consumer complaints into the Consumer Sentinel Network, a secure online database and investigative tool used by hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.