Mark Hauser's Tips For Credit Card Fraud Protection

Credit card fraud occurs when charges appear without the account holder’s consent. Between in-person and online charges, credit card fraud happens on a regular basis. Learn all about fraud protection from Mark Hauser so that consumers can avoid any headaches in the future.

Fraud Types

Traditional fraud occurs when a credit card is lost or stolen. However, there are many other ways an account can be accessed. The number might be used in a contactless manner, such as used as an online charge, for example. Consumers may be the victim of card cloning where they unknowingly use a skimmer during a transaction. New accounts in the consumer’s name may also contribute to fraud, according to Mark Hauser.

Questionable Charge Identification

The best way to identify fraud is by looking at monthly statements. Read every charge, and verify that it’s legitimate. Any charge that looks questionable, such as an item from a different nation entirely, should be brought to the credit card company’s attention.

Fraudulent Activity Protection

Be aware of your surroundings when using credit cards. Skimmers, for instance, can be pinpointed if you look carefully at the device. Avoid using public Wi-Fi for credit card transactions too. Use care when buying items online. Secure sites with a “https” designation are the safest to use.

Proactive Steps

Mark Hauser suggests contacting the credit card company upon seeing any fraudulent activity. They can close the account and issue a new card with one phone call.

Consumers can also contact the credit bureaus about adding a free fraud alert to their accounts. This action protects the consumer’s creditworthiness in case of fraud.

Consumers can follow these simple tips from Mark Hauser to stay on top of their finances. By preventing and reporting fraud as soon as it happens, consumers will have those charges removed in record time.