SYNTHETIC IDENTITY THEFT AND HOW TO PROTECT MINOR CHILDREN
March 28, 2022
MULTIPLE CREDIT CARDS AND YOUR CREDIT SCORE
March 30, 2022
As consumers’ COVID-19 pandemic spending habits and contactless shopping drive fraud and identity theft, credit card fraud and identity theft are exploding. The holidays are upon us, so you need to be extra vigilant.
Credit card fraud has been among the fastest-growing types of identity theft, according to the Federal Trade Commission. Fraud reports have increased by 104% over the past year, and that trend continues.
Last year, the opening of new credit card accounts was the most reported credit card fraud, with an 88% increase over the year before. Remember: for more tips on how to improve the quality of your life, visit www.credithealing.org.
Disputing Fraudulent Credit Card Charges
If you suspect you have been a victim of credit card fraud, it’s important to know what steps you should take.
When your credit card number is exposed and unauthorized charges occur, contact the business where the charges occurred as well as your bank immediately.
Your credit card company can cancel your current credit card and send you a new card with a new number. You can also dispute disputed charges with your credit card company.
If you think your other accounts have been compromised, ensure you check them all. Resetting PINs and banking passwords is also crucial.
Monitoring your credit report and identity for suspicious activity is important as well. By monitoring your credit report and scores, you can identify fraudulent activity or billing inconsistencies.
Put a credit freeze on your credit report. Credit agencies and other lenders won’t be able to see your report. Credit issuers won’t be able to see your credit file if a criminal opens a new line of credit in your name, so they can reject the loan or credit line.
Is your personal information on the dark web? Make sure your identity isn’t at risk!
