Credit Cards How To Use Credit Cards Wisely

9 Simple Ways to Avoid Credit Card Fraud

Despite increased detection services by creditors and heightened consumer awareness of how to handle suspected credit card fraud, Javelin Strategy & Research reports that identity fraud increased by 13% in 2011, leaving more than 11 million American adults victims of identity theft.

Don’t be one of those victims. Here are nine simple ways to avoid credit card fraud:

1. Don’t be too social
Personal information you leave on your social media profile provides an invaluable “breadcrumb” path for identity thieves to track down answers to common security questions creditors use to verify the identify of a caller, like the name of a cardholder’s high school, pets, or place of birth.

[pull_quote align=”left”]In addition to making certain that your privacy settings on sites like Twitter, Facebook, FourSquare and Instagram are open to friends only, proactively remove your name from personal databases that aggregate public records and social media data.[/pull_quote]In addition to making certain that your privacy settings on sites like Twitter, Facebook, FourSquare and Instagram are open to friends only, proactively remove your name from personal databases like Spokeo, ZabaSearch and 123People that aggregate public records and social media data — and make it too easy for identity thieves to piece your personal information together and commit credit card fraud.
2. Empty the mailbox
More preapproved offers in your mailbox mean greater risk of identity theft and credit card fraud.

About the author

Stephanie Taylor Christensen

Stephanie Taylor Christensen

Stephanie Taylor Christensen has more than a decade of experience in financial services marketing, and holds a Master of Science degree in Marketing. She writes on personal finance, small business and career news for clients like ForbesWoman, Real Simple, Mint, Intuit Small Business, Minyanville, and SheKnows. She is also the founder of “Wellness on Less” and “Om for Mom Prenatal Yoga” in Columbus, Ohio.

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