Wednesday, August 13, 2008

Lesson #4: Fraud Fraud and more Fraud

With fraud and identity theft on the front page of the newspaper every morning. We have to be proactive in the steps we take to protect ourselves.  A lot of financial institutions have fraud matrices on your check cards. What that means is if the bank or credit union sees a transaction that is out of the ordinary they will give you a call to verify the transaction.  When they call, they will ask you to verify information, such as the most recent transactions on the card etc.  If you are uncomfortable, SAY NO, & call the number of the back of your card.  If it was a legitimate call, it shouldn't matter.  Remember, if something seems out of the ordinary, it probably is, always protect yourself, and allllllways remember capital counts ; )

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