In honor of National Consumer Protection Week, Credit.com hosted a TweetChat with Credit Expert, Beverly Harzog. The discussion focused on where consumers are vulnerable now. Beverly gave great advice concerning online accounts, travel spending and debt collection practices. Thank you to everyone who participated this afternoon! If you missed it, here’s a quick recap of some of the most popular questions and answers from today’s chat.
Are credit cards more secure than debit cards? Yes. Credit cards have built in fraud protection. If your debit card is compromised you would want to inform your issuer immediately. You may not have access to that account for a period of time.
What’s the best way to get started protecting yourself from ID theft? A great way to get started is checking your free Identity Theft Risk Score. Also, regularly checking your accounts online will keep you updated on all activity happening.
Another good step to prevent credit card fraud & ID theft is to check your credit reports at AnnualCreditReport.com.
Should I sign the back of my card or write “See ID”? It doesn’t hurt to write “see ID” on the card, but you may rarely have anyone ask you to actually present ID at the point of purchase. Regularly checking your accounts online is a more reliable safety precaution.
I don’t know if there is a risk of sharing my account information with collection agencies so I would prefer to pay with a money order or bill pay. They aren’t accepting this and marking me as unpaid and are now suing me. Is this fair? It sounds like you’re being harassed, which is illegal. You did the right thing by not giving your credit card information over the phone.
Do you have any tips to prevent your card number from being stolen if you make online purchases? Make sure you’re on a secured site. You should see https in the URL. The “s” should always be there. Also, take a look at 12 tips for protecting your identity by Credit.com Chairman & Co-founder Adam Levin.
Have a question for Beverly or one of Credit.com’s other Credit Experts? Post it in the comments section below, or send us an email at email@example.com.