Financial and Credit Blog

In The Situation F Getting Caught With Credit Card Fraud In Thailand ..with 200 Credit Cards What Penalty Be?

August 3rd, 2009 at 07:15pm Under Credit Card Fraud

I would hope prison!

Credit Card Fraud With Gift Card?

August 3rd, 2009 at 01:14pm Under Credit Card Fraud

A friend of mine used someone elses visa gift card without there permission. She was confronted by the owner and fessed up about it. It was for 100.00 but she didn’t use all of it. She did pay them back the full 100.00 when she fessed up. What kind of trouble can she be in as far as the law is concerned?

Student Loan Consolidation Fraud Advice?

August 3rd, 2009 at 12:37pm Under Consolidation Loan

My wife was having seizures when a student loan consolidator called and tricked us into thinking he was aes. His company is only one letter off and she thought he was having us go online to check her loan. She told him she was not with it and having seizures at the time, but he had her go through the web site and electronically sign a consolidation document. We didn’t want to consolidate the loan and when we figured out what happened we called back and had it canceled.
It has been 3 months now and we just received a consolidation package from another company in the mail. The first company sold our loan to another company even though they told us it was canceled. We never got a hard copy of the loan cancelation from the first company, and the second company isn’t letting us out of the loan.
Is there anything we can do? We have no evidence that we canceled the loan. We talked to an attorney and he said we didn’t have any options. Please help us come up with something we can do.

Credit Card Fraud In Califronia?

August 3rd, 2009 at 07:14am Under Credit Card Fraud

Whats the penalty for a 17 year old having/using a credit card under my name ? My friend said there should not be any problems and theyre forcing me to do it but im scared.
The card will be under his mothers account but he plans to say she doesnot no who i am.Which she doesnt

Has Any One Been A Victim Of Credit Card Fraud Through The Radio Regarding Cheap Vacatons??(chicago Ill)?

August 3rd, 2009 at 06:52am Under Credit Card Fraud

I have and I dont no what to do? The radiostation La Kalle in chicago is hard to find,and the address on the brochure is fake and the 1800 # is FREE 411!!!!HELP

I Need Some Advice On Credit Card Fraud?

August 3rd, 2009 at 06:39am Under Credit Card Fraud

Okay, i went to this site http://www.thetaoofmakingmoney.com/2007/…
and learned how to make *Valid credit card numbers.
i went on steam, punched in the credit card info. (all fake)
and i completed the entire thing. im at the point were it is showing me my receipt. Im really wondering if i should press that Purchase button and download the game (half-life2).
i enterd in completly fake billing information and such, and i am not anywhere remotly close to living in the united states.
Will they be able to track me down and arrest me if i push that “Purchase button”?
or will everything go good and i will be with a free game no sweat?
OR~~ will they ban my account all together from steam leaving me unable to play the game?
so…
Should i Go for it? Getting the free game and all?

Steps in Avoiding Credit Card Fraud

August 3rd, 2009 at 05:50am Under Credit Card Fraud

Credit cards are very useful. They provide a quick, easy and convenient way to make purchases and allow you to defer payment. In someone else’s hands however, what was once convenient can become devastating and dangerous.

Credit card fraud can cause serious problems. Not only can you lose money but your credit can be ruined, your identity stolen, and you can even be charged for crimes you didn’t commit. Keeping your credit card information out of the hands of a thief and preventing credit card fraud should be a major consideration In your everyday life.

There are many things you can do to avoid credit card fraud:

Step #1: Limit the damage of losing your purse or wallet

Losing your purse or wallet can put your entire identity at risk. Chances are you have a great deal of personal information stored in your purse or wallet. Limiting what you carry on your persons will limit what a potential thief can assess.

Do not carry every credit card you own on you at all times. If you will not be using the card don’t keep it with you. If a thief steals your wallet don’t make it easy for them to access all your credit cards.

Step #2: Limit your junk mail

Junk mail can be a gold mine for a thief. All those credit card offers that come in the mail open a window for a thief to steal your mail and order a credit card that is in your name.

In order to limit this threat avoid giving out your address to companies that do not need it. Specifically request to be removed from mailing lists at your bank or other places where you do business. Also, have your name and number added to the national do not call registry at www.donotcall.gov. This will prevent many phone attempts a gathering information used to send you junk mail.

Step #3: Invest in a paper shredder

When you do receive this kind o junk mail have it shred. Any documents containing personal information should be shred as soon as they are no longer needed. Anything that has credit card information, including statements, needs to be shred when no longer needed.

A paper shredder is a simple, easy way to protect your information, prevent credit card fraud, and prevent identity theft.

Step #4: Use caution when using your credit card

While credit cards make life easier by facilitating payment it is not a good idea to be complacent about using your cards. Particularly on-line, giving your card out on many websites can get you into trouble.

Use payment processing companies instead of using your credit card directly. Sites like paypal.com will allow you to use your credit card without giving out your credit card number.

Step #5: Check your credit report

Doing everything that you can to prevent credit card fraud does not mean that it will never happen to you. The Federal Trade Commission has made it possible for you to check your credit report for free every 12 months. Take advantage of this free look at your report to make sure that you have not become the victim of credit card fraud.

Prevention is better than limiting the damage, but be on the lookout for fraud on your accounts all the same. When you get a copy of your credit report make sure that everything on it is accurate. Credit card fraud will show up as credit cards on your report that are not yours, or charges on your cards that you didn’t initiate.

If you spot fraud contact the credit bureau immediately to dispute the transaction and contact the credit card company to cancel the card.

Credit card fraud is a scary thing. Your personal information and data is compromised and someone out there is living off of your credit. Follow these guidelines to help protect yourself from this potentially devastating type of fraud.

Avoid Being the Victim of Credit Card Fraud

August 2nd, 2009 at 11:51pm Under Credit Card Fraud

Are you aware of how many ways there are for thieves to take access of your credit card accounts and make unauthorised charges against your account? Simply by rummaging through old receipts that you have thrown out or left somewhere public, or by a shop assistant quickly scribbling down your card details while they are out of your sight, or by an untrustworthy seller who you give your details to on the phone, by mail or on the internet, your private account details can be taken and abused by anyone.

While most of these situations are quite rare, and there are safety measures in place to avoid the abuses they highlight, it is a fact that credit card fraud and identity theft is a growing problem that is costing the financial services industry more and more each year. Therefore it is important to be aware of the potential dangers and be familiar with a few simple steps you can take to reduce the risk that you will become the victim of identity theft.

Take The Right Steps

One of the simplest steps you can take is to sign all your cards on the signature strip on the back as soon as they arrive. You can also consider carrying your cards separately from your wallet and driver’s licence so that if someone were to find them, they wouldn’t necessarily have your identity and address. Keep your pin numbers etc. somewhere safe and never with your cards. If it is possible, the safest thing to do is to memorise and then destroy pin numbers.

If your card is out of sight during a transaction try to see what is going on behind the counter and seek to get it back as soon as possible. While still relatively rare, there is a lot of information on your card, which can be copied and used later on. You should destroy receipts if you do not need them. You should also check carefully all your monthly statements and make sure that all charges were in fact made by you. IF you have any doubts, contact your card issuer immediately to sort it out.

Do’s and Don’ts

Never leave your cards lying around where others can get access to them and don’t lend your card to anyone. Don’t sign blank receipts and never give your account details over the phone, by mail or on the Internet unless you are sure you are dealing with a company that you know and can trust.

If you do suspect fraud, or if you lose your cards, report it immediately to your card issuer. By following these simple steps you should be able to considerably reduce the risks of card fraud being perpetrated against you.

I Am Doing A Project On Credit Card Fraud Detection Using Data Mining. Where Can I Get Data Sets For It?

August 2nd, 2009 at 07:14pm Under Credit Card Fraud

Its for my Masters level dissertation. I am currently stuck and need to get one urgently. It is purely for academic purposes.

Credit Card Fraud? What Can I Do?

August 2nd, 2009 at 06:50pm Under Credit Card Fraud

I have been using this specific credit card for the past year. I received my last statement, and noticed there were some unrecognized charges. I called the bank and they are going to look into it, to see where these charges came from. They were able to obtain the receipts from the places these charges came from, and apparently, my signature was also forged. How can this be possible, and what can I do about it?