When it comes to identity theft a lot people do not fully understand the effects it carries. Identity theft can even cause the loss of your job. The credit card companies are taking a big risk by offering ‘new’ credit cards, to get you to sign up. People are just starting out and have probably had to start with very little credit history. These newly opened accounts were opened when you obtained your driver’s license.
Under federal law, you may be entitled to $50 (or less) to $100 (or less) in damages if the following conditions apply:
‘ You created the account with an Employer that performed services for which you’re entitled under title 18, United States Code, and you paid the annual fee. ‘ You paid the annual fee in the first year on the account created or maintained the account.
This is true no matter where you are ‘for example, an Insurance Company, a real estate broker, a bank, or an investment advisor.
So basically, an identity theft is like paying on a card as if you were paying cash. No credit history is ever secured because you simply didn’t open the account.
This is not to say that identity thieves are ignorant, although it is certainly concerning. Criminals don’t spend time in checking bank statements and checking information. They learn new skills whenever they get a chance. Sometimes they do it in unexpected places and for very little known costs. So watch for someone who has put a ‘holodeck’ on your credit report.
One of the best practices of identity theft is called ‘Authorization Theft’. This is when an individual uses your name and your social security number to access an unauthorized website or file a fraudulent check!
It is an annoyance that the criminals don’t even seem to stop to deal with it. Now, you might ask yourself, why aren’t identity thieves used to getting authorization from a person when they can easily use your name and just about anything they can’t? Well, the answer is simple. Identity thieves have an ideal world because only they know how to read minds and minds. They have been programmed by computer they’ve worked within for years. Identity thieves want just about anything no matter what they type. They are becoming increasingly more effective at this end and it shows. This is why there is a high chance that you or someone you know may be turned down on any credit card, any type of contract.
Here are a few practices some banks and credit card companies use.
If you purchase from any of these websites you can easily get an authorization number just by looking at your credit card. The only need to do this is calling the number that tells you in no uncertain an e-mail address and clicking sign in. Only the authority that you want in your credit card will look. Identity thieves have always used this same function when deciding that you have an account or that you want a refund or for some other nefarious reason they didn’t ask you to sign on the dotted line.
Just be very careful with your credit card. If the website is legitimate then there is no need to pull your credit card number. Simply look at the website of the website that you wish to see it only. Identity thieves will try to get credit card credentials that will give them away even if you are unaware of them. This is why every credit card company has been set up to guard yours. When using your credit card look down at the credit card information if the website is not working.
It is perfectly acceptable to be the victim of identity theft when your name is on the stolen credit card. Be cautious. It is as simple as that. Always remember that identity theft is never good. It is always a bad thing. Only protect yourself.
Protect Your Credit Card Identity
It isn’t surprising to hear that consumers are concerned about their credit card privacy. Consumers who frequently use credit cards fear the ‘one size fits all’ policies that protect passwords and passwords. The more than one size fits all policies on credit card privacy laws, the more weeding out information that protects credit card identity.
To start the search for information about credit card privacy, Equifax recently revealed that consumers using their credit cards 3.5 times more often than average used their own personal information. On average, consumers used their own credit or number cards in more than 112.1% of the consumer credit cards ever used.
Consumers had expressed concerns about credit card privacy in the past when major companies such as Visa and MasterCard profited from their more consumer oriented and secure systems. There have been reports of credit card hacking, identity theft, and card fraud at merchants.