How to sidestep slick fraudsters

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27/09/2008 15:46 - (SA)
How to sidestep slick fraudsters

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IF you have reason to believe that you are a fraud victim do not waste time, report the suspected fraudulent activities to your local police.

There are several warning signs that credit fraud may be occurring and consumers are advised to be on the look out for the following:

Bills that arrive from unknown or unfamiliar sources or strange charges from billing statements;

Calls from creditors or collection agencies;

Credit reports which may contain inquiries or information about accounts that you never opened. Fraud victims may be protected financially if they report the suspected fraud but they are often forced to endure major inconveniences, including higher prices or interest rates.

Some types of fraud include:

Unauthorised use of personal information through identity document theft;

Unauthorised charges on existing accounts.

There are also different ways that credit thieves use to obtain your personal information, examples are:

Using lost or stolen credit cards.

Stealing from your mailbox.

Looking over your shoulder.

Going through your trash.

Sending unsolicited emails.

False telephone solicitation.

Looking at personnel records.

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