The Top 5 Types Of Credit Card Fraud And Their Solutions
Statistically, new types of fraud with credit cards are being devised every day and many people are falling victim to them without a single notice
. There are several ways to detect some of the most common forms of credit card fraud. There are simple solutions that can be used to fix the problem as well. This will require some work but many of the problems simply need to get confronted head on to eliminate them.
Falling Victim to Spyware
You will need to ensure that you have access to your account information to be able to monitor your paper. There are many ways available to completely get your information stolen. Spyware is a real problem for most people and it has a simple solution. Get your computer cleaned and improve your resistance to spyware.
Limited Time Offers
Most people will want to be able to get a great opportunity with their credit options. The biggest issue is people signing up for cards without actually knowing all of the facts or getting to really listen about what the card will really cost in the long run. A limited time offer is more than likely a scam, especially when out ant about. The best form of credit card fraud solution for these offers is to simply close them whenever you can and get a different account type that will not be annoying to work with.
Phone Credit Transactions
One of the most common types of credit card fraud exists within the home and over the phone. Anyone has the ability to purchase tools to spoof their information when making a call to a victim's home. They can change the data on the caller ID to reflect a credit card company and their official information. Once they get a hold of you personally they will explain that they are from such and such company, sounding somewhat official. They may offer a deal or options that can change with the credit card if you verify some questions that they ask, including your credit card number, social security number, etc.
Try using one of the simpler methods of contacting the company yourself to make payments. This is essentially one of the most important credit card fraud solution options that you will need to use to reduce the chances of getting large charges to your credit card bills.
Advance Payments for Services
A scam that people need to look out for is through services that run out of a van or official travel vehicle to their client's locations. They may be gardeners, a cleanup crew or just about anything that you can find in a typical suburban neighborhood or other type of service which can be scheduled for later. These illegitimate companies may have a mobile card reader to accept payments in advance for their scheduled services yet never show up and will not return calls. Simply use different services that are listed in major publications instead of people that you just meet in the neighborhood.
Charity Donations
One other important scam to look out for is charity donation fraud. These types of fraud occur by targeting homes with simple questions asking if they would like to donate to a charity held in the honor of a certain person to help a needy group. Many people will want to pledge money and will gladly pay it over the phone. Their mistake is trust in these types of charity which ask for vital information over the phone. Simply look for well known charitable groups instead of having unheard of charities find you to prevent fraud.