Consider these helpful tips to protect your money, your credit record and your sanity – if you become a victim of theft.
1. Limit the amount of confidential information in your wallet – only carry the identification, checks, credit cards and debit cards you really need. Anything containing financial account numbers, personal passwords, and Social Security Cards are best to keep somewhere securely. It's strongly recommended not to print your license number or social security number on your checks as well.
2. Keep good back up of account information, in case your wallet is lost or stolen – keep account numbers and phone numbers that can be easily accessed to report losses and order new cards.
3. Review account statements as soon as received – always make sure that no fraudulent activity has occurred to your account.
2. Periodically request your credit reports– by federal law, you are entitled to a free annual copy of your credit as reported by each of the three nationwide credit reporting agencies - Equifax, Experian and TransUnion. Simply visit www.annualcreditreport.com or call toll-free to 1-877-322-8228 to order your free credit report (recommended to spread out your requests throughout the year for greatest review impact).
3. If you've been victimized, take important steps to limit your liability– immediately call your financial institutions to report a lost or stolen debit/ATM card or credit card. They will help you take any additional steps needed such as confirming letters to claim dispute. You must place claim of dispute within a reasonable timeframe (typically 60 days) in order to minimize losses to your account.
For more information check out our website, First Community Federal Credit Union .
Topics are intended to be general and informational in nature and should not be construed as legal advice. Each person's individual situation is different; consult a legal professional related to legal matters.
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