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How to protect your credit and debit cards from possible threats

we need to be very careful with important items like a credit card and cannot afford to loose it.Careless handling of plastic cards can place you under severe trouble. They need to be preserved with care and here are some useful tips to preserve them.
Here are some important suggestions and advice. You need to know exactly where you preserve your cards and whether it is a secured place to preserve them. Keeping your Personal Identification Number (PIN), a secret, is a must remember security rule. This includes your ATM and debit cards. Do not forget to remember your PIN number.

For Credit Cards, ATM Cards or Debit Cards

  • Be very careful about disclosing your account number over the phone unless you know you're dealing with a reputable financial company.
  • Never disclose your account number on the front of a postcard or an envelope.
  • Always remember to draw a line through the blank spaces on a check or debit slips above the total so the amount cannot be tampered.
  • Never sign any blank check or any debit slip.
  • Destroy the unnecessary carbons and carbon copies.
  • Save your receipts to check against your monthly statements.
  • Destroy the old cards by cutting through the account number before putting away.
  • Just go and open monthly statements promptly and compare them with all your receipts. Report errors or discrepancies as soon as you see them to the special address listed on your statement for inquiries.
Under the FCBA and EFTA the card issuer should investigate mistakes reported to them within a span of 60 days from the date your statement was mailed to you.

For ATM or debit cards

  • Don't carry your PIN number in your wallet or purse.
  • Never write it on your ATM or debit card. The reason is very obvious; if a person gets your card he will also get your PIN number. This can create a big trouble.
  • Never write your PIN anywhere whether it's on the front of a deposit slip or an envelope or other papers that could be easily lost or seen.
  • Keep an eye on ATM or debit card transactions before you enter the PIN or before you sign the receipt. The accounts for this distinct part will be quickly transferred out of your checking or other deposit account.
  • Remember to check your account activity periodically. This becomes more important if you bank online.
There is much to write about this issue. We offer free membership to all.

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Hi, This is Ted Whatson. What should I do if some...
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Hi,
This is Ted Whatson. What should I do if someone opens a credit card in my name?




Quote:
Hi this is Ted Whatson. What should I do if someone opens a credit card in my name?


Hi Ted,

Prevention is better than cure. So before such crisis swallows you keep certain rules in mind. Here's a list of strict steps you should take to get your credit report cleared up.

1. Contact the fraud departments of any one of the three major credit-reporting agencies and let them know you're an identity theft victim. That agency will notify the other two. A "fraud alert" will automatically be placed in each of your three credit reports within 24 hours. The alert notifies creditors not to issue new credit to you without gaining your permission. Not all creditors pay attention to these alerts. You must be vigilant for any new accounts. Additionally, have them attach a "victim's statement" that explains what happened to you.

2. File a report with your local police where the identity theft took place. Provide as much documentation as possible. Ask for a copy of the police report and send it to all your creditors and the credit-reporting agencies.
3. The Fair Credit Reporting Act lays down specific guidelines with which you can remove the illegal activity from your report. Call, then write each credit bureau and identify the inaccurate information. It is also advisable attaching a copy of the court's ruling and the police report to support your position that, from a legal standpoint, you are in no way responsible for what took place. Provide your complete name and address and go into great detail about what you know to be wrong. If you have copies of the credit report attach the copies. It's also a good idea to send all correspondence via certified mail and request a return receipt so you know when the bureaus received your material.

4. Credit-reporting agencies usually have 30 days in which to investigate your claim. They will also forward all information about your claim to whoever first provided the inaccurate information, such as a store. They, too, will investigate, and then notify the credit bureau about their findings. If they find the information to be inaccurate, they must then notify all nationwide credit bureaus so that the misinformation can be corrected. The credit bureau must ultimately provide you with a written report outlining their findings. You are also entitled to a free copy of your report if there is any sort of change.

5. It's also a good idea to contact the creditors with whom the illegal activity took place. Again, write out your complaint and your position in detail and send copies of the police reports.

Sub: #1 posted on Mon, 11/08/2004 - 17:07

Jason Jason

(Posts: 2413 | Credits: 307.6)

Have you had your wallet stolen or provided your personal information (such as credit card numbers, social security numbers, etc) to anyone in the last couple of months?

If so, I'd start there. It would be a little more than 'ironic' if I provided this sort of information to someone then months later I had people attempting to steal my identity.

The advice above it EXCELLENT advice and the same advice I would give to you. But like he said, this is responsive and not a prevention case -- so I would try to figure out "what went wrong" so you can not only seal the fate of this culprit but also prevent it from happening again.

Sub: #2 posted on Sun, 09/11/2005 - 02:15

cryptowizard cryptowizard

(Posts: 116 | Credits: 51.46)

What I would do is think of all the nessessary steps of keeping the creditors from knowing that I know whats going on.

What I mean is. Find a way to look into your credit report without requesting one to your address or families addresses. (think think) (read on)

Now, is the person paying on this card or loan?
Is the person paying on time?
Is this person trying for more credit?

If, the person is paying and is on time. Leave it alone and just keep watch.

If, the person is trying for more credit. They are out to screw companies and at the same time, using your name. (think think) (report it)!

Play it slick, when the card or loan is almost finished, close the account and pay in full. Then ask the credit bureau to make sure all creditors have permission by you. By you means, how ever you wish the permission to be.

This could be password, voice or writing or all three.

If someone is using your name and is basically making your name better, let him/her. It's works out for the both of you.

If the person is messing up, report! (Just Keep Watch)!

Sub: #3 posted on Sun, 08/20/2006 - 15:37

ShawnK ShawnK

(Posts: 12 | Credits: 5.1)

I GOT MY CREDIT CHECKED ,AND THEY TOLD ME I HAVE AN ACCOUNT WITH QVC AND A BALANCE OF OVER A THOUSAND DOLLARS . HOW CAN I FIND OUT WHO HAS A CARD UNDER MY NAME ? I CALLED QVC AND THEY COULD'NT HELP ME .

Sub: #4 posted on Tue, 04/08/2008 - 02:34

Unregistered


My name is Laura and I got a phone call yesterday saying i won something for having a credit card, the funny thing is I never even applied for one. How can O find out who it is and what card they have ,balance etc.?

Sub: #5 posted on Sat, 03/21/2009 - 23:20

Unregistered


If someone opens a credit card in your name, you should cancel it immediately. Call them and explain that your identity has been stolen and that the debt is not yours. I would also put an "alert" on your credit report. All of the three credit reporting agents should have this so that when there is an alert, anyone opening a new account under that name has to provide certain detailed information about other debts in order to prove that you are who you say you are. Also, get a copy of your credit report from all three of the credit reporting agencies and look over them for errors. Dispute anything that is incorrect. If someone took your identity once, someone else might have been able to in the past, so you should look over that immediately.

Sub: #6 posted on Thu, 04/23/2009 - 23:13

regbyandjulie regbyandjulie

(Posts: 144 | Credits: 17.62)

someone got goods and ran up a bill in my name to littlewoods catalogue and kays aswell what do i do

Sub: #7 posted on Fri, 04/24/2009 - 20:14

Unregistered


My boyfriend has been getting a lot of strange phone calls that lead us to believe that there has been a credit card(s) opened in his name!... Fraud... How do we find out? If we look at his credit report, will it show that cards have been opened or will it only show cards that have been opened and are owed on?

Sub: #8 posted on Sat, 01/23/2010 - 00:33

Unregistered


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