Protecting Your Credit Reputation

Are You Credit Wise?
How to Protect Your Credit Reputation
The best way to protect your credit is to take an active role in maintaining responsibility for it – spend and make payments wisely, and never compromise the security of your card or identity.
Minimize Your Risk of Fraud.

Credit Card Fraud is a crime which occurs when someone obtains key pieces of information such as your identity card/Passport number, your credit card number, or some other piece of your personal information and uses them for his or her own gain.

Often victims of fraud are unaware of what has happened until they notice something's not right: they receive bills for a credit card account they never opened, their credit report lists unknown debts; a card billing cycle passes without receiving a statement; or charges that they didn’t sign for, didn’t authorize, and don’t know anything about appear on their statement.

Victims are left with the complicated task of restoring their credit and their good names.

Outsmart the thieves.
Here's how:
  • Pay attention to your billing cycles. Follow up with creditors if your bills don’t arrive on time.
  • Guard your mail from theft. Don’t leave mail unattended or unsecured in a mailbox and shred discarded mail that contains personal information.
  • Password-protect your credit card, bank and phone accounts whenever possible.
  • Memorize your Personal Identification Numbers and passwords instead of carrying them with you.
  • Be protective of your personal information. Be cautious when giving out your credit card number, address, or other personal information. When possible, only share this information when you know you are dealing with a reputable organization.
  • Protect your personal information. Tear or shred documents like charge receipts, copies of credit offers and applications, insurance forms, doctor’s statements, discarded bank checks and statements, and expired credit cards before you throw them away.
  • Confirm online purchases are secure. Look for clues such as a lock and key at the bottom corner of your browser, a URL that begins https://, or the words Secure Sockets Layer (SSL).
  • Never leave your purse or wallet unattended in open view at any place.
  • Limit the number of credit cards you have and cancel any inactive accounts.