Be Aware of Widespread Credit Scams - Fight Identity theft

Oddly enough, people tend to believe only in something they can touch or feel. ID theft is one of those things we can neither feel nor touch. Millions of credit users fall for it and the problem is, you can hardly even know that you've become a victim.

Be Aware of Widespread Credit Scams - Fight Identity theft

In spite of the fact that most people have heard at least something about this low-down crime, just a few take some precautions to protect their identity. In fact, ID theft is the fastest-growing crime throughout the globe, and millions of customers suffer from ID crooks. Various scams have become a common occurrence. Tried to outline few methods to avoid being the victim of credit frauds.

We must acknowledge the fact that today we have lots of opportunities to communicate with other people. Today, we can do practically everything without leaving home - work, chat with friends, make online purchases, learn something new, we can even make credit card deals, and in a couple of weeks a new card will be delivered to your door.

But these advances in technology have certain drawbacks if the available technologies not used with the precautions, one of them is that our personal information can easily come into wrong hands, and we can hardly notice it. You can easily become a victim of credit fraud. If one wants to get information, he or she will ask for it. There's no need to dig in trash cans and search for some papers that may contain sensitive information, one can simply pick up the receiver and call or email you pretending to be your card issuer. 

How Identity theft happens ?

So, what are the most widespread credit scams that may ruin your financial well-being? Probably, the most popular are so-called phishing scams. You can discover such scams in your email inbox, and typically, they are in a form of the message from your card company telling you to fill out all the necessary information. Needless to say, this information is personal. While most versions will link you to a scam web site, the most advanced ones will show up in your inbox. Never fill out suspicious-looking forms from your email inbox.

In fact, there are a great many of various scams on the web. Some of them look innocent, some of them come in the form of questionnaire, and the odds are you may tell some valuable information. How can this happen? Oftentimes, we use our mother's maiden name for a password, or a date of birth for PINs. That's why to get this information is not that difficult as some might assume.

Another form of scams is phony credit scams. It's worth saying that these scams impose a real danger for cardholders. First and foremost, some of these calls are legitimate. The problem is you cannot tell for sure whether it's your company's customer service rep, or a scammer. It would be wise to refuse giving any personal information by the phone. If this is your creditor, you can call them yourself and clear up all the points with peace of mind knowing that you speak with someone you can trust. 

Some examples of identity theft

Frauds attempt to steal your identity in number of ways. You should check all your accounts without delay, if realised to be attacked. Some of the key things you should be doing if you find that your accounts are being misused:

Stolen Checks

Check for your accounts If any of your account is in a suspicious condition, then check this with verification companies. Change your password immediately (not your mother's maiden name or usual details which can easily decoded) & inform the bank without delay.

ATM Cards

If you lose your ATM card or stolen, inform the respective banks immediately to block the same, order a new card, have a new ATM PIN once new card is received. Neven use the same password repeatedly. While generating a password, never use common thinks like your numbers from any ID or the last four digits of your date of birth etc.

My recommendation would be to change your ATM PIN frequently even if there are no incidents.

Address Fraud

Inform the nearest post office if you suspect that an incident occurred to you & a change of address with the post office or used the mail to commit credit or bank fraud. Figure out the place where the credit card was sent. For address please notify the local postmaster all mail by your name to your own address. You may also need to talk to a mail carrier.

Misuse of identity information

Call NSDL or relevant authorities to report the fake use of your identity information. You may want to change the number where possible. The information will be retained with the authorities related to the fraud associated with the ID. Also, order a copy of your income and profit statement and check it for accuracy.


If you have a passport stolen, notify the Passport Office and nearest police station in writing that your passport is stolen or lost with the circumstantial details.

Phone Service

If your long distance calling card has been stolen or you have been charged with fraudulent charges on your bill, cancel the account and open a new one. Provide a password, which must be used at any time.

Driver License Number Misuse

If someone is using your check as a bad-for-you identification, you may have to change your driver's license number. Call the state or district of the Department of Motor Vehicles to see if another license was issued in your name. Put a fraud alert on your license. Visit your local DMV to request a new number. Fill in the DMV complaint form to initiate the fraud investigation process. Send the supporting documents along with the complaint form to the nearest DMV Investigation Office.

False Civil and Criminal Judgements

Sometimes victims of identity theft are wrongly accused of crimes committed by criminals. If a civil judgment has been filed in your name for the work done by your impression, contact the court where the judgment was filed and report that you are a victim of identity theft. If you are wrongly accused of criminal charges, contact the state Department of Justice and the state. Ask how to clear your name.

What Do Thieves Do With Your Information?

The fraudsters use the information in multiple ways, Once identity thieves have your personal information, they can dry your bank account, charge your credit card, open new utility accounts, or receive medical treatment on your health insurance. An identity thief can make a tax return in your name and receive your refund. Hence forth it is necessary to keep the eyes open & take all the necessary measures to prevent any potential fraud.

How to prevent identity theft?

What can you do to protect yourself from credit scams? Check your credit card account on a regular basis. If you see some transactions you didn't make, act immediately - report it to your creditor. Otherwise, your credit report will be spotted with this negative information. 

Keep your credit cards, and all your personal information safe. Choose secure passwords and try to avoid using public computers for online banking. Never give out your personal information to someone you cannot trust.

Hence it is important to take all the measures to prevent fraud & report a fraud to the respective authorities as soon as you realise that there is a fraud or someone has attempted to make a fraud.

Conscious eyes can prevent 80% of unconscious fraud ……Hence stay Conscious !!!