Better Credit Living

Research has shown that banks are becoming reluctant to compensate victims of credit card fraud and therefore it is becoming a personal responsibility to ensure that you protect yourself against this type of fraud. With the rise in online business transactions, we are not where near quitting and so are the thieves who are becoming increasingly skilled in stealing your financial information.

Here are some tips that will help you protect your credit card and financial information from online phishing while doing your online shopping. The steps involved include the following;
- Identify with the right vender.
Always do ensure that there is a padlock symbol and the browser address to your vender begins with “http”. When the site is secure, it will also be encrypting information at about 128 bit thereby protecting your credit card information from being picked by phishing attempts. Also read the prospective company policy on privacy, return, refund and customer satisfaction policy and approve if you’re satisfied by it. Also see to it that the company is registered by the better business bureau as this will make it a legitimate company.

Referrals and customer satisfaction feedback will also help you in identifying the best vender. This is because you will learn for the experience of others and know how to go along in undertaking your preferred transaction.

- Making purchases
Before doing any form of payment, ensure that you have understood and agreed to the terms stated. This includes issues related to shipping, taxes, handling of the product, and any other charges that may have not been stated earlier. By doing this you will be protecting yourself from hidden charges that may come up later on.
All legal purchases must have receipts which you have to print and keep .agreement and policy information will equally help as they will provide you physical evidence should there be a dispute regarding that online purchase.

- Password Protection
A good password should have the upper and lower case letters plus numbers. This will make it hard for someone to guess and access your account details. It is recommended that you have unique user ID (identification) and password for each site you have. Experts believe this will limit fraud to just one account should they be able to access your financial details.
A smart password should be hard to crack but easily remembered by you. It is highly hazardous when you setup passwords that you might as well forget.

- Federal Trade Commission
Despite all the security measures, you may still be a victim of credit card fraud. Thus the federal trade commission has made it possible for card owners to be responsible for 50dollars of the amount that was stolen. The remaining balance is then credited to the customers account.

Remember the fact that technology can make anything and everything possible and the steps I have mentioned may not keep you out of the bracket of being a fraud victims, it can help you reduce and ultimately limit fraud cases on

This entry is filed under CC.