Prevent Credit Card Fraud and Techniques: Tips to Avoid Credit Card Fraud

June 25, 2013 - PRLog -- The crime of credit card fraud occurs in several ways, and while it can’t always be avoided, there are things one can do to ensure credit card fraud prevention. Legal-yogi.com is familiar with this subject, and would like to share its knowledge, including:

·         How it Happens

·         Preventing Fraud

·         Report Fraud & Losses

·         Keeping Private Info Private

How Fraud Occurs

The most common type of credit card fraud is theft, which can occur in many ways, one of which is shoulder surfing. This happens when the person standing behind one peers over one’s shoulder to copy down credit card numbers. Some credit card fraud detection techniques are checking one’s credit reports frequently to look for erroneous items, monitoring one’s spending habits to find any noticeable changes in it, and installing fraud detection software on one’s computer.

Avoiding Fraud

To provide credit card fraud prevention, do not give anyone one’s credit card information over the phone, unless it’s a reputable company. Carry charge cards separately from a wallet or purse, as this reduces the amount of loss should either be stolen. Keep eyes on credit cards while conducting a transaction and be sure to get it back from the cashier prior to leaving the store. Save all receipts so they can be tallied later on. Compare the bill payments that have been made to the statements for same.

Are You Victim Of Credit Card Fraud and Identity Theft! Save Your Identity and Credit card Identity Theft!Apply For Free Quote! :https://www.legal-yogi.com/application.php

Reporting Credit Card Fraud

Credit card fraud detection techniques include the fact that credit card companies flag different types of transactions such as large purchases right after smaller one, online sales, and acquisition of items that don’t fit a cardholder’s profile. The moment one realizes one’s charge card has been misplaced or stolen, contact the issuing company. Most companies carry toll-free telephone numbers and round-the-clock service available to deal with claims of fraud. Once a report is filed with the issuing companies, one is no longer held responsible for purchases made.

Maintaining Privacy

Enacting some credit card fraud prevention is basically common sense. When not in use, charge cards should be locked in a floor safe along with household Social Security cards. Make certain that any website from which one intends to make a purchase is secure. Look in the browser’s window to see the letters “https”; they indicate that the site is secure, as does the small padlock symbol in the lower right corner of the browser. Before giving private info to anyone, ask why they need it and refuse to provide it if uncomfortable about it.

Are You Victim Of Credit Card Fraud and Identity Theft! Save Your Identity and Credit card Identity Theft!Apply For Free Quote! :http://www.legal-yogi.com/identity-theft/credit-card-identity-theft.php

Legal-yogi.com is a highly esteemed website whose aim is to supply intelligent answers to consumers’ legal inquiries by accessing the experts who have them. For a complimentary consultation, dial 800-397-1755.