How to Protect Yourself from Credit Card Fraud and Identity Theft

Protect Yourself from Credit Card Fraud and Identity Theft

Instructions

1. Credit card fraud is common in dorms because so many people live in one
   building in an unusually open environment. Keep close tabs on your credit card and don't leave it lying around or leave your wallet or purse lying around if the card is in it. All anyone needs to commit fraud is the number and expiration date from your card. It's best to keep it locked up until you need it.

2. Thieves who "dumpster dive" can retrieve credit card offers, apply for
   credit in your name, and charge up a huge balance before you even know what happened. They can also use personal information they find on statements and other documents containing personal information. An inexpensive shredder should be required equipment in every college dorm room. Shred credit card offers you receive in the mail and any documents containing personal information before you throw them in the trash.

3. Save your credit card slips each time you make a purchase and keep them
   together until your monthly statement arrives. As soon as you receive it, check each slip against the statement and verify that the amount is accurate. If you find a discrepancy, call the credit card issuer immediately. One common scam that has netted its perpetrators big bucks is charging small amounts to many credit cards, hoping the credit card owner will ignore it.