One Minute Money Show: Avoid Credit Card Fraud and Identity Theft

Credit and debit card use is at its peak during the busy holiday season - my account is reflecting it! From ordering online, to shopping in stores for gifts this season, it's important to remember that fraud can happen to anyone. Take the necessary steps to protect yourself and to ensure that your holidays are happy! 

It's important to take the necessary steps to prevent identity theft and credit card fraud year-round. One way to do that is to check your credit report for any suspicious activity. You are entitled to one free credit report per year from each of the credit bureaus:  Equifax, Transunion, and Experian. You can retrieve your report by visiting annualcreditreport.com. If you catch any red flags, report it immediately to the credit bureau. 

Anytime you notice any weird activity on your bank or credit union account, report it immediately to your financial institution. Ignoring it could worsen the situation. Make sure you take action right away. 

Don't be careless with personal information, either. Throwing away documents with your personal information on it may seem like no big deal, but it could be significant to identity thieves. With growing online communities, it's important that you are extra careful with your online activity. For example:  checking personal accounts on public WiFi; using the same password for multiple accounts; and leaving your computer unlocked in a public place, could all put your identity and personal information at risk.

Take care! 

Mallory