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Credit Reports
Types of Credit Reports:
-Single
-3-in-1
-Credit Monitoring System
-Free Credit Report
Credit
Report Basics:
-Ordering
a Report Yearly
-Common
Questions
-Determining
Scores
-Interpreting Reports
-Disputing
Errors
--more
basics
Credit Achieving Tips:
-Improving
Credit Scores
-Building Credit
-Re-building
Credit
Credit Scoring Blunders:
-Late
Payments
--more
mistakes
Identity Theft:
-Identity Theft Basics
-Resolving
-Preventing
-Kids
& Identity Theft
-Seniors & Identity Theft
-Internet Phishing
-Privacy Questions to Ask
Mortgages
Auto Loans
Personal Loans
Debt Consolidation
Credit Cards
Home
-Taxes
-Managing Money
-Credit Help
-Checking Accounts
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CREDIT CARDS AND IDENTITY THEFT
The annual cost of identity theft is in the hundreds
of millions. As a result, new technology has been
developed by credit card companies that they hope will
cut buck on identity theft. Below is information that
details the most recent technology ideas for averting
identity theft and credit card fraud, as well as
additional tips that will help protect you from becoming
a victim of identity theft.
One aspect of the technology includes the changing of
numbers on cards with every purchase. Master card has
been working on developing a 'contactless' technology
that permits card users to merely pass their cards in
front of a reader as opposed to swiping them.
American express has also developing their own version
of contactless technology. The card will contain a radio
chip that will result in your purchases automatically
showing up on your account. The method this technology
works to curtail identity theft is exciting -- each
transaction creates a one-of-a-kind digital signature
that changes with every transaction. Since the
technology utilizes radio waves, the company can
instantaneously confirm the digital signature.
Anticipate contactless card technology to grow quickly.
Credit card companies are hoping that with the
investment of millions of dollars in these types of
technologies, the cost of identity theft -- which the
credit card companies and their insurers have to pay --
will decline.
Below are some additional tips that will help you
protect yourself from identity theft:
- Only carry credit cards you know you will
definitely need. There's no reason to constantly have a
wallet full of cards with you. Store all of the cards
you do not use at home, in a protected place, preferably
in a home safe that's flood and fire-proof.
- Make front and back copies of everything that you have
in your wallet. This will help you identify and cancel
all credit cards that are missing if your wallet is
stolen.
- It is very common for thieves to go through garbages,
looking for personal information that may be listed on
credit card receipts, bills, any sort of billing
statement, etc.. Be certain that they can not read yours
by cross shredding any sort of identifying information
before throwing anything away.
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