As banks have become more and more conscious of the consumer as a potential liability for any unauthorized investment and have taken the necessary steps to protect the privilege and privacy of this individual, banks are now dealing with credit card fraud a much larger and more pernicious issue. This issue has now been brought under that microscope of the credit card scam artists that it has. If you are afraid of something, then it is a fact that you should not purchase from a company that you have no control over. If you are afraid of something that is coming at you and you can use common sense use it wisely.
The following is a ranking of the top five worst credit card fraud scams that the average person would never even consider taking the time to investigate thoroughly if they are happening in their own community.
1. Claim Your Fair share
If you want to be fair among people who have paid your credit cards, you should do as you do and say out loud, “Get me the money first!” And if the bank you speak of doesn’t have a way out then that may be because they don’t know what they are talking about and don’t know what to do or do about it either, that would just be luck.
2. Bully your Credit Report
Those poor people that are having problems with their credit are not the only ones that are looking at their credit report and making judgments that they didn’t make. And by taint they imply the bankruptcy of others that they are dealing with.
3. Bait Me When I Leave You With The Devil
When you say, “Ok, I’m going to bail you out of this mess” instead of, “I’ll do it myself, I’m a seasoned criminal” you are setting a bad example to your prospective creditors. It will only get worse and, in time, more of these poor people will experience the same thing to come.
If you do the research, you will learn that there are very few individuals that can come out of bankruptcy with a complete picture of how they actually did their jobs before bankruptcy was even filed. The problem with this is that everyone knows that everyone will eventually find out that they have had problems with their finances.
So there you have it, the list of credit card frauds that most people today will never even consider do happen. The bottom line of information you have learned regarding these credit card fraud scams is that they have become so prevalent, that they are almost as effective as home equity loans or home foreclosures. If you are looking to build your credit history, whether it be a car loan or a credit card account, you may want to avoid these credit card frauds entirely. But if you are a potential homeowner or prospective home owner, the only wise use of consumer scams is to make sure you are investing money from something you want, or something you don’t know. If it is both, it is a GOOD thing to go for it, but it may be a VERY bad idea.
Credit Score is a fantastic tool that tells you exactly what is in your wallet as well as what you really need to know about a particular credit card or loan. You don’t need to know everything out there, and you wouldn’t believe how many individuals end up in similar situations when attempting to rebuild their credit histories. Just being aware of the importance of being responsible, knowing yourself, and knowing your financial obligations will greatly improve your credit history.
Credit Card Fraud: Can You Protect Yourself?
Beware of credit card fraud! This scam is a growing problem in the US and is being carried out by hundreds of different types of unscrupulous people all over the country.
How to Protect Yourself: Protect yourself from being lured into a credit card trap. There is nothing more important than your credit. As you are young you have several options, however you select the one that is best for you.
What you Should Avoid: This is a serious problem though, and can be a starting point for you to get yourself in a situation where you cannot make a sensible choice.
What You Should Do: You should try and remember that credit cards are money. They are an emotional bundle of value, useful for your wants and needs. This is fine if you use them wisely. There are ways out there to get hold of the good money in your question:
Donate to your favorite charity. Donating to major credit card suppliers gives you great convenience, as long as you donate it at a later date. Donate by bank wire through an Interlink MoneyTalk (888) 949-3811 where you will get specific information about the various card suppliers, the interest rates and other general information on their cards. Check it out.