Fraudulent Schemes

February 5, 2007 09:14 AM

This type of crime is on the increase due to the ease with which funds can be transferred via paper or electronic documents. To protect yourself from becoming a victim, you should do the following: 

  • Get a copy of your own credit report every six months and check it to make sure there aren’t any credit cards or checking accounts you didn’t open.
  • Never give your credit card number to someone who calls you on the telephone.
  • Read your monthly statements carefully and report any discrepancies immediately.
  • Rip up or shred your old checks and bills before putting them in the trash.
  • When you renew your driver’s license, don’t use your Social Security number as your license number. There’s no sense in making your Social Security number too easily available.
  • Guard the Personal Identification Number (PIN) you use on your various credit cards. Don’t write them down in your personal planner, and don’t leave them on a slip of paper in your purse or wallet.
  • Learn to ask “Why?” when people request financial information.
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