THURSDAY, MAY 19, 2016
Prevent Credit Card Fraud
Credit card fraud is one of the easiest forms of identity theft.. All that a crook needs is your credit card number, name, and address, and you just might become an identity theft victim.
Remember the following:
-Keep track of all credit card receipts. Some have your credit card number printed on them-an easy target for a criminal.
-Always check credit card statements carefully for fraudulent charges.
-Destroy unwanted credit card offers. You can also request that the three name to credit bureaus not sell your name to credit card companies by calling 888-5OPTOUT (567-8688
-Shred all sensitive documents before throwing them in the trash.
-Activate new cards upon receipt and shred or cut up expired cards before disregarding.
-Review your credit report annually by requesting one free of charge from all three credit bureaus at www.annualcreditreport.com
-Insurance fraud is an attempt to obtain money from insurance companies by arranging a loss or falsifying information on claims applications. Fraud includes false claims for injuries, arson for profit, or false/international auto theft & damage.
What effect does fraud have on me?
-Insurance fraud is estimated to be about 10-15% of the premium dollar, costing $18 billion each year. As fraud is reduced, claims costs decline, and savings can be passed on to policyholders.
What is the legal penalty for insurance fraud?
-In most of its forms, insurance fraud is a felony. When caught, prosecuted, and found guilty, most perpetrators are required to make restitution; jail time is commonly imposed.
Fight Back Against Arson By Contracting:
-Georgia Insurance & Safety Fire Commissioner's Fraud Hotline (800) 656-2298
-You may be eligible for a reward up to $10,000 for information leading to the arrest and conviction of person(s) responsible for arson:
Help Eliminate Arson Today-1-800-282-5804
Posted 3:21 PM
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