Friday, June 12, 2009

Tips to Keep Your Finances Safe

Identity theft has become one of the major threats because of the growing use of internet, modern technology, and tech savvy cyber criminals. Unethical elements in our society are always looking for ways to steal our hard-earned money. Hence you should be careful with all your credit dealings and transactions in order to successfully avoid identity theft and credit misuse. Here are a few tips to keep your credit card safe.

• Don’t leave your credit or debit cards unattended whether in your wallet or briefcase.
• Never carry around a many credit cards at a time when you don’t intend to use them.
• Make sure that you get your credit receipt where ever you use it; there is a great possibility that your credit card details are included there.
• Do not discard credit card receipts as trash and make sure you keep it at a safe place.
• Shredding documents containing sensitive and important data before disposing them is a good idea.
• Make sure that you do not give away your credit card information to someone you don’t know. If you commenced the call, it might be safe but it is still good to not give a person access to your personal details.
• Don’t reply to emails that ask for your credit related information. Phishing and fake emails are the major sources of online fraud.
• Review your credit report on a regular basis and check your credit card statement as soon as you get it. Make complaint if any inaccuracies are encountered with.
• Ask for your credit report from the three credit reporting bureaus. There is a possibility of an unauthorized application under your name.

Personal information like your name, address, credit card number, phone number, Social Security number can be used against you. It is important to only reveal these sensitive data to someone you fully trust. Internauts and people who make purchases online are vulnerable to identity theft. Not all websites out there are legitimate; many websites use cookies to hold on to information on your hard disk.

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