If you have ever found
fraudulent purchases on your credit card I hope you are like my father. He not
only acted quickly, so did the issuing bank, canceling the card without
question.
The next step required
contacting several institutions automatically billing that credit card for
repeat services. They all needed updated information, a tedious endeavor.
While only diligence will
protect our finances, my father thinks he found a fix for the ensuing hassle. Once
again he dedicated a single credit card to monthly online bill pay. This time he
is keeping that card out of his wallet and (he hopes) safe at home.
It seemed a good idea, though
I intend to simply maintain my old habits. A few minutes each morning allow me to
confirm the integrity of my credit line and bank accounts. So far, I’ve seen no
illicit activity.
What safeguard do you take? Do
you check your credit card and bank statements daily?
Earlier this year, my husband was served with papers being sued by American Express. We have never had American Express, someone opened an account and spent 13 thousand dollars in one day. He had to file a police report and all kinds of paperwork, but the case was dropped. He now pays for a monthly service that locks your social sec. number and alerts you to any credit changes.
ReplyDeleteOh, wow! I'm so sorry that happened. What a headache.
DeleteThat is a good idea. Checking daily is good, but keeping one card for recurring bills is genius.
ReplyDeleteI am very happy if the tip helps folks. Be well!
DeleteI do not check it daily. I really need to consider doing that as things are getting worse out there.
ReplyDeleteIsn't that the truth? ~hugs~ Be well, my dear, physically and financially.
DeleteOoh no, I'm not good at checking daily, but I should be. I only check when I need to pay something.
ReplyDeleteI just realized that I've neglected to check since I was busy traveling the last five days. Thanks for the reminder. ~grin~ Be well!
DeleteNow it's no longer necessary to use a pin number to make small purchases with cards it's even more worrying! I should check more often than I do. Guess what I'm doing next?
ReplyDeleteClick to visit Keith's Ramblings
So true, Keith! Best wishes to you.
DeleteChecking daily is good,
ReplyDeleteThanks for sharing..
Which reminds me that I haven't done so today. Thank you for the reminder!
DeleteWhat a good idea your father had. I like it!
ReplyDeleteHe's a smart man. Thanks for the kind word!
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