BBB gives tips to prevent credit card identity theft
There are numerous ways in which an identity thief can make unauthorized charges on your existing credit card accounts, or open new accounts under your name.
The annual Consumer Sentinel Network report issued by the Federal Trade Commission indicated that of the overall two million complaints received, nearly one in five involved identity theft.
Among the 369,132 alleged identity theft complaints, 13 percent referenced credit card fraud, the second most common form of identity theft reported.
To avoid falling victim to credit card identity theft, Better Business Bureau recommends consumers be proactive in securing their information.
The most important thing to do when you discover identity fraud is to take action right away. Remember to keep records of all your telephone calls and other correspondence with companies regarding the identity fraud. If necessary, close all your accounts. You should keep credit card records in a safe place so you can report a loss quickly. Contact each of the three major credit bureaus (Equifax, Experian andTransUnion) if you discover that you are the victim of identity fraud.