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7 Warnings St Louis Mortgage Consumers Need To Understand To Stop Credit And Debit Card Scam

St Louis mortgage consumers are constantly bombarded with safety tips on how to protect the use of our credit cards and now we make use of debit cards when we make purchases in person, on the phone or the web.

However, one may be caught completely off guard to know that identity theft can happen to you even when you still hold your credit card or debt card in your hand.

Most consumers have never heard of the term "skimming." This new wave of crime utilizes modern technological advances where a criminal can much more easily get your credit card information.

St Louis finance experts are pointing out that credit and debt card skimming is now becoming an epidemic while becoming more newsworthy due to recent skimming incidents similar to those at Bank of America.

Retails stores that take credit and debit cards such as restaurants, bars, gas stations and ATMs are becoming more susceptible targets for skimming.

All a thief has to do is get hold of your credit or debt card, check it through a small hand held electronic equipment and in seconds has all your financial particulars that is kept on your card.

Criminals are also targeting ATMs now. By using cameras or monitoring you as you key in your 4 digit pin code, these heartless white collar thieves can now suck your bank dry.

So, here are 7 tips to help keep your financial information private and safe:

1. Do not forget to always keep your bank or credit card organization updated on your personal details as you will need this to claim deceitful charges.

2. While you are thinking about it, go and write down all customer service telephone numbers found on the rear of your cards and keep this list in a safe place. Oh, and look at your monthly bank statement very carefully.

3. If an ATM is in bad shape or dilapidated, walk, better yet run away! A look of a dirty machine may represent that it is not working or may be a criminal clone trying to steal your information.

4. Another tip that most consumers forget about is telling your credit card company when you go on travel and the destination of your travels. They can decline any suspicious charges much faster when they have this information.

5. If you observe that the front of an ATM machine appears damaged or loose, this may be an indication that someone has attached a skimming machine.

6. If there are suspicious individuals casing the ATM, they perhaps want your cash or are wanting to observe you type your PIN number. If you ever lose your card in a machine, just leave. It may be best to politely turn down support from someone who may have been observing you. You can always call your bank and ask for a new card.

7. Cover the pin pad with your other hand when putting in your PIN number.

Another good piece of instruction that was mentioned above is to confirm your balance on a regular basis when your statement arrives.

For those who use their debit cards more often should also know that the laws defending credit card holders do not involve debit card purchases. So, you are more safe using a credit card.

St Louis finance analysts recommend always notify your bank or credit card company within two days of misplacing your cards. This may help restrict your losses to $50. The worst thing you can do is prolong this needed phone call. You may end up suffering greater financial losses by waiting.

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