A Growing Problem: Credit Cards and Identity Theft Credit cards have become an important part of our economy in the 21st century, and while these plastic pieces are convenient, they come with an array of problems. One problem that has become worse over the years is credit card fraud and identity theft. The internet has contributed to the increase in the numbers of cases, but consumers can do a great deal to eliminate the problem on an individual basis.
Facing the Theft of Your Credit Card Information What should you do when you find your credit card information has been stolen? While the first step is logically to notify your credit card issuer of the problem, you don’t want to stop there. Certainly with your credit card information in the hands of a thief you run the risk of financial implications of all types, so it’s important to make sure you take every possible step to ensure the thief is unable to use that information for his own benefit—at least as much as possible. Some of the things Legal‐Yogi.com recommends include the following: •
File a police report
Place a fraud alert in your credit file for all three bureaus
Notify your creditors of the fraud
Monitor your credit card activity for any fraudulent activity (while your card issuer may place a block on your account from the time you file your report, you want to make sure to catch anything that may have occurred between the time the theft occurred and you notified the card issuer)
Change all of your passwords and PIN numbers
Being faced with the theft of your credit card information can be frustrating and stressful, but it doesn’t have to be. The representatives at Legal‐Yogi can provide a great deal of help by walking you through all the steps. Just fill out the online contact information form you see on the website, and someone will contact you immediately to discuss your situation. Steps to Take to Ensure Identity Protection While identity theft has been occurring for many years, far too many people don’t give a thought to credit card identity protection until something happens. This is especially true of those consumers who don’t do a great deal of shopping or transacting business online. In fact, they deliberately avoid online personal financial communications thinking that will prevent them from becoming victimized. Unfortunately this doesn’t happen if they fail to protect themselves in other ways as well. Identity Theft and Credit Cards: an Ongoing Problem As convenient as credit cards are, they can also be very financially damaging in more than one way. The problem of credit cards and identity theft is serious and is on the increase in spite of so many warnings about protecting your personal information. Once a thief has your credit card information it is very easy for him to locate other personal information and vise versa. Having your credit card information stolen can create an array of problems and as such should be reported immediately to the police as well as the credit card company. It’s important for everyone to have a plan for credit card identity protection both online and offline. Credit cards and identity theft are partners in crime and as such need to be treated with the utmost care to make sure they do not come into contact with one another. Identity theft is a serious problem in today’s society with such a widespread use of credit cards. Consumers need to learn how to protect themselves, and Legal‐Yogi.com can provide all the information you need in order to accomplish that important task. In addition to a great deal of excellent information there is also a free database of over 250,000 lawyers and financial professionals located all over the country. If you would like to set up a free personal consultation, call 800‐397‐1755 right away.