May 14, 2010, Newsletter Issue #120: Preventing credit card fraud and stolen identity

Tip of the Week

Take every precaution you can to prevent information credit card fraud.

Guard your social security number carefully to avoid becoming the victim of information credit card fraud. Any document containing your social security number should be shredded after you are done with it. Never give your social security or credit card numbers to anyone over the phone unless you have initiated the call and can be sure that you know who you are dealing with.

Additionally, don't carry any more credit cards or identification cards with you than you need at one time. Keep photocopies of all credit cards, gym membership cards and identification cards in a safe place for easy reporting in case your wallet or purse is stolen.

Look into subscribing to a credit monitoring service. This service alerts you every time something new is posted to your credit report. This way you can swiftly react to any suspicion of credit card fraud.

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