A Long Island Cpa's Take On Avoiding Credit Fraud

By Robin Setser


It's unfortunate that credit card fraud is such a big problem that just about everyone has fallen to it at one point or another. While there are many individuals who are careful about the money that they spend from day to day, sometimes this is not enough. There may be another level of care that has to be taken. In order for this level of fraud to be kept at a minimum, I believe that a Long Island CPA can bring a number of precautions to your attention.

When it comes to your personal information, be mindful of who you are giving it to. This goes for just about anything, whether it is a phone number, address, Social Security number, or what have you. There are a number of individuals that can use these types of aspects to their benefit while harming you, as a Long Island CPA can stress. Financial authorities along the lines of Gettry Marcus can tell you that if you did not initiate the interaction with another party, it's important to be even more mindful.

If you can, make sure that you pay all of your bills through electronic means. This goes for credit card charges, student loans, and others which will typically call for you to mail out checks and money. However, physical matter is tricky; it is very easy for these kinds of documents to get into the wrong hands. Instead, seeing as how many companies offer methods of payments through the Internet, it is not unwise to make use of these more modern systems as they are typically more secure.

Above all else, at least in my opinion, it is worth keeping a close watch on your bank and credit statements every so often. Any Long Island CPA can tell you that it is important to look at how much money is being put forth for purchases and how recognizable they are to you. For example, what if you recognize a large payment made in your name and you have no recollection of it? The sooner that you are able to address this particular matter, the better off your financial standing will be.

The idea of maintaining a strong level of credit is one that everyone should have in mind, which is something that is hard to overlook. After all, a better credit rating can lead to a number of positives, such as the level of ease that comes with taking out a loan in the future. That being said, instances of fraud can play into this in the most negative of ways. If you take the proper precautions, then you may be comforted by the fact that your account will be that much more secure.




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