Never give their card numbers to a representative of a business they are unfamiliar with. Check monthly statements to ensure they recognize all the charges and notify the issuer immediately if there is a discrepancy. Tear up mail solicitations offering new credit cards as well as account statements. Such precautions prevent a thief from stealing a consumer's identity and applying for a card in his or her name. Check homeowners or renters insurance policies to see if there is a provision covering their liability for lost cards.
Fast action is essential in the event of a loss.
As soon as consumers realize a card is missing or suspect someone is misusing a credit or debit card number, they should get on the horn and start canceling. All rights reserved. Copyright and Legal Information .