Donahue Sonne

'I got a call from the person who said I would like credit-card loss security insurance. I thought there was a law that restricted my liability to $50 for unauthorized charges. But she said the law had improved and that now, individuals are liable for all unauthorized charges on the account. Is that true'?

Do not buy the message - and don't buy the 'loss safety' insurance.

Phone con artists are lying to get visitors to buy worth-less charge card loss protection and insurance programs. In case you did not authorize a demand, don't spend it. Follow your credit card issuer's procedures for disputing costs you've not approved. According to the Federal Trade Commission, your liability for unauthorized charges is restricted to $50.

The FTC says worthless credit card loss safety offers are popular among fraudulent supporters who are attempting to exploit consumers' doubt. Because of this, the agency is cautioning customers to prevent using the services of callers who claim that:

you're responsible for more than $50 in unauthorized charges on your credit-card account;

You will need credit card loss defense because pc hackers can access your credit card number and charge thousands of dollars to your account;

a computer bug might make it possible for thieves to put unauthorized charges on your charge card account; and

They are from 'the safety department' and want to activate the safety element in your credit card.

The FTC suggests people not-to give out private information - including their credit-card or bank-account numbers - on the phone or online until they're acquainted with the business that's requesting it. Fraud artists can use your personal information to commit fraud, such as for instance identity theft.

That is where some body uses some bit of your personal information, such as your credit-card account number, Social Security number, mother's maiden name, or birth day, without your knowledge or permission to commit fraud or theft. Learn more on the affiliated article directory by going to here's the site. An all-too-common example is when an identity thief uses your private information to open a charge card account in your name.

Be smart and learn what you're personally accountable for. Browse here at the link read identity theft online to discover