by Bobliaka Goes
Beware of credit card scams. Many have been perpetrated against people unfamiliar with the scope of the problem. An email arrives telling you your credit card numbers have been stolen. Then it gives you a link to use. Follow it and they will take care of the criminal.
If you click, the link takes you to a website where they urge you to hurry. They tell you to repeat all your personal information on a form (they want to be sure you are legitimate). If you cooperate, you are giving them all your personal information, including your social security number.
Trouble is, the credit company or bank have nothing to do with the website. You have just given out your financial profile to a scammer. You don't realize what happened till it's too late. He rushes out to buy a few expensive items before you can report your card stolen.
He may scam you by starting with a Visa card number that he knew was legitimate. Then he tried a series of numbers and expiration dates. He begins with the number after the one he knows is good. For example, the last four digits are 2222 and he then tries 2223.
He then has to try all possible expiration dates. When it works, he verifies it by making a small purchase, then voiding it. He puts in tedious hours compiling a list of credit card numbers that he has confirmed are good.
Now he looks for a seller who will sell him an expensive item and split the cost among three or four of the credit cards. He uses overnight delivery. The scammer disappears long before the real owner of the credit numbers disputes the charges on the card.
The card company has to absorb the loss because the holder cannot lose more than $50. Who pays? We all do because prices are raised by the merchants. So, beware of credit card scams. When you get email from anyone you don't know, click delete. - 41115
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New Unique Article!
Title: Beware Of Credit Card Scams
Author: Bobliaka Goes
Email: danjackson2009@gmail.com
Keywords: credit,finance,investing,loans
Word Count: 331
Category: Finance:Credit
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