Credit card fraud is the proliferation of credit card accounts that are unknowingly opened in your name, which means that no investigation – never given – has been done and that you receive nothing, not even warnings of what lies ahead. However, if you have ever considered opening another account in your name, like asking for a loan, then you may feel the heat.
Since people often don’t think this way, it makes perfect sense to take the right action in protecting yourself. Of course, you shouldn’t reveal all of your financial information because of security concerns, but honestly, you shouldn’t ask anything of security-related information that you shouldn’t receive.
The most important thing in ensuring you aren’t being issued credit cards without your knowledge is maintaining a credit history with all other credit cards that you’ve obtained. If you already have that credit history, then don’t open another account, especially if it’s a PIN number or a different name for the same account. If you’re a holder of a different credit card or account number than the one listed, then a thorough investigation of the credit account should be undertaken.
It’s common sense, but it’s important to always protect yourself from credit card fraud, lest we leave you feeling helpless and scared.
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Secured Credit Card
Secured credit card is an ideal choice for those businesses that regularly print out their checks in envelopes. If you are the owner of an enterprise business who is required to furnish details such as the name, business name, registered office, and telephone number of the owner, then it is a good idea to apply for a secured credit card. Typically, these secured credit cards will give you an excellent opportunity to add value to the business budget. Many secured credit cards will be easy for an individual in case you do not carry your business credit cards over from one account system to another. The disadvantage is that most secured cards require a high credit line that would greatly limit the utilization of your funds. In addition, many of these cards will have a high interest rate that is a red flag to customers who may not be able to keep up with the payments on their accounts due to insufficient money available for collections. Secured credit cards are ideal for those businesses that regularly print out their checks in envelopes. If you do not wish to incur the additional expense of carrying over your usual monthly expenses to the next monthly payment, then you may consider a secured credit card.
Benefits of Secured Credit Cards: Secured credit cards offer customers a considerable amount of time savings by carefully monitoring the amount of money that is being printed out in the monthly check. They also provide a zero percent APR guarantee on up to 5 years. The secured credit cards of today, are not just for small businesses, but are also security packages for online business or software businesses. For these kinds of small businesses, secured credit cards can be very helpful. For instance, there is no monthly payment that you can ask for more than once per year. After you’ve received your secured credit cards, you can make payments on any of the items in the check by mail or in person. The money that you send to work for your business with secured cards will be available to your account even if the money is lost or stolen. This is a secure banking service against money loss, and is a financial option for your business during the time that you want it.
On the downside, the secured credit cards of today provide more security than regular cards would. You can simply sign up and have the funds that you send automatically deposited in your account whenever you use the debit card to pay for goods or services. Not only that, the use of your secured credit cards also allows you to make future payments online and offline via the Internet, simplifying manual payments. Plus, you will no longer need to worry about getting the bill, as security guards will be available 24/7.
Secured Credit Card Choosing Wise: The average consumer in today’s society is constantly bombarded with numerous advertisements designed to appeal to their unique needs. The companies that they’re hearing about often claim to offer products designed for use in specific situations. But the most important consideration that comes into selecting a secured credit card is checking for all that is contained within the ad. You should try to find products that works best for you in your specific use. But if the cards are something you would not want plugged into the Internet, then maybe it would be best to not buy the cards. There are a number of secured credit cards on the market today, because you can look for something that has the features that a typical secured credit card does not have.