Top 5 Tips to Avoid Credit Card Fraud

Your credit card information is ever at the risk of being stolen. Whether you are shopping at a supermarket or withdrawing money from an ATM, someone is always trying to steal your credit card information. So how do you guard against this? The surest way to avoid credit card fraud is by making sure that the details of your card are kept safe. Below are some of the things you need to do.

Tips to avoid credit card fraud

Protect your personal info

Be careful when giving out your personal information like phone number, your address, social security number, account numbers or date of birth. Know who wants the info as well as their reason for asking for it.If you are not the one who has initiated the engagement, be more careful. Scammers can be very persuasive and can do just about anything to make you share your details.
Remember that if you are putting a catalog, internet or phone order, you may be asked by merchants to confirm the 3-digit code at the back of your credit card. This is one way through merchants can protect you from fraud, and verify that you are the real cardholder.

Keep it safe

12qwesdfcgvbYou can also keep your card safe by ensuring that it is kept away from thieves. Carry your cards in a wallet or purse close to you where it cannot easily be snatched away from you. If you are a lady, ensure that your purse is kept zipped all the time. Do not walk with all your cards but just one or two that you will be using that day. Leave the rest at home. Also, thieves use cameras or cell phones to capture the details of your card, which is why you should not leave your card exposed longer than it is necessary.

Use secured mailbox

Letting your sensitive information like checks remain in the unsecured mailbox may be putting you at risk. When receiving or sending information containing your financial or personal information, you may want to use a locked mailbox.

Report stole or lost cards immediately

Reporting a lost or stolen card immediately enables your provider to cancel it
and stop fraudulent charges. Write the customer service numbers of your credit card providers down so that you can contact them immediately the card goes missing.

DESTROY ANYTHING THAT HAS YOUR CREDIT CARD NUMBER ON IT

12qwesrdfgvhDo not dump your credit card billing straight into the trash can. Instead, trash them so as to keep them way from dumpster drivers. Do the same to expired or canceled cards. Toss the shredded pieces into different trash bags.

Important Things To Consider Before Hiring A Debt Collector

If you have a hard time collecting debt from anyone, then you may want to consider hiring the services of a professional debt collector. Making the right choice is of utmost importance. Finding the right debt collector can be quite a task which requires enough time. To get entrusted professional collectors, you will spend money, but the results should be worth the cost. He has to live up to industry standards and ensure an efficient and cost-effective process.

The following are the tips for hiring a debt collector

Level of experience

12weasrdfgcvHe should be cautious, experienced and who conducts business with professionalism. The long-standing experience of providing the service will ensure all your money is collected in an intelligent approach. It’s recommended that you ask simple questions and get customer references. You will be in a position to understand the

Reputation of the collector

License and insurance are other tips for hiring a debt collector
This will verify the legitimacy of the collector. You should ensure they are licensed and abiding by the fair debt collection practices. The aggressiveness of the collection and important concrete details of insurance should be a must before engaging them. He or she should be bonded against liabilities. Always go for debtors if you’re assured that all your bases are covered.

Collection system

Consider your collector’s payment system before committing to their services. Basic contract signing should outline the payment terms which should be communicated to you before the start of the service. Compare several drawbacks and advantages and make sure you understand before you proceed.

Cost comparison

2wesdfgvhbnjOther tips for hiring a debt collector are cost associated. Take time to compare their costs. Understand the different formulas used to come up with the rates. It’s important that you understand that the debt collectors work for a fee. This implies that once they secure your owed monies, you won’t get the whole of it. It’s commonly referred to as contingency fee. Some may charge a small flat rate associated with pre-collection activities.

Communication

Some debtors tend to run away with your cash and ignore your calls. This is likely to happen if they exercise some malpractices. This can be quite frustrating hence choose a company that is clear with all of their communications. A phone call will help you determine whether an agency is the right one for you or not. Ensure they have a tracing service such that you will get all updates on activities regarding your debtors.
Every debt collector is different from the other. Take your time to choose the right one for you. Hire a firm or a person who will collect your owed money the right away.