Type of Cards

0% APR Cards

Low APR Cards
Cards for Bad Credit
Gas Cards
Rewards Cards
Air Miles and Travel Credit Cards
Cash Rebate Cards
Points Cards
Business Cards
Student Cards
Cards with Introductory Offers
Fixed Rate Cards
Low Interest Rate Cards
Cards with Balance Transfer Options
Cards with No Annual Fee
Prepaid Cards
Articles & Features
The Fair Credit Reporting Act: What You Need to Know
What Do I Do If My Credit Is Stolen?
Teaching Kids About Credit Card Responsibility
Understanding Credit Card Ratings
Cell Phone=Credit Card?
Damaged Credit?
Fund your business with Credit Cards
Rewards Cards: Reap the Benefits
Credit Tips for the Holiday season
How Promotions work: Direct mail, TV Offers, and the Internet
Student Credit Cards
Finding the Right Card: Factors to Compare

What To Do If Your Credit Is Stolen
Laurie Epps


Most national credit card companies are ready to accept phone calls from frantic cardholders that have been victims of lost or stolen credit cards. All cards have 800 numbers to call for instant assistance. All insist you will not be held accountable for any unauthorized purchases. Many suggest registering with The Register®, a company that will contact all your cards to cancel and notify them of your situation. A relief? Most likely not if the thief has swapped your whole identity.

Identity theft is on the rise. It affects nearly seven to ten million people a year alone. Not paying attention to individual credit could be a detrimental factor in protecting what is yours. Federal law prohibits any credit company to hold you liable for more than $50 in unauthorized spending. Yet, true fraud takes away a victim’s good name on credit reports and therefore will affect the future application process when applying for loans, renting or buying homes or purchasing large items on credit.

There are ways to protect yourself from becoming a victim:

  • Do not carry more than a couple of cards at a time.

  • Leave your social security card at home and do not give it out unless absolutely necessary.

  • Never give out credit card information over the phone.

  • Check your credit report at least once a year.

  • Keep photocopies of all credit cards in a safe place for emergencies.

  • When making a purchase, double check that the clerk gives you back your card and the receipt.

  • Shred documents that have account numbers on them.

  • Know your passwords by memory.

Taking these few fundamental steps could protect you from becoming a victim.

(c) 2005-2007 Credit Card Advisor. All rights reserved