It seems like credit card fraud is everywhere these days. The good news is that there are some simple things you can do to make you less vulnerable. Here are a few tips on how to avoid becoming the victim of credit card fraud:
Periodically review your credit reports. There are three main credit bureaus. Order your credit report from each of them at least once a year. Request copies of your credit report from TransUnion, Experian and Equifax. You can also obtain a free copy of your credit report.
Properly discard documents. Cut up, shred, or otherwise destroy credit card statements, bank statements, pre-approved credit offers or any other documents that contain your personal information. Destroy credit card receipts, too.
Limit identification pieces. Carry only essential identification pieces in your purse, wallet, backpack or car. Do not carry your Social Security card or your birth certificate with you unless absolutely necessary.
Limit the number of credit cards you carry. Try to only carry one or two.
Memorize your PIN and password numbers. Do not write them down.
Make and keep copies of account numbers in a secure place.
Guard your personal information. Don’t give out credit card or Social Security numbers to people you don’t know. Do not have your Social Security number printed on your checks or driver’s license
Our BALANCE Financial Guide is dedicated to helping you balance life’s important decisions.