Taking Precautions to Avoid Fraud
For those who are already having a difficult time with the economic state of the country it is easy to see how they might be panicked by the possibility of being the victim of fraud. Consumers are being especially careful of how hey handle their money. Taking measures to avoid fraud should be no less important. There are several ways to ensure that you are not taken advantage of and that your money is safe. Taking the extra steps before putting your finances at risk will certainly pay off.
One precaution that every person should take is understanding who you are giving your personal information to. Before you hand out any information concerning your social security number, your bank information or your credit make sure to ask questions of the person interested. The person or entity should be willing to give you all the information you are looking for ahead of time. Use this information to research the person or business with the local authorities. For businesses there are many bureaus responsible for maintaining complaints and other such information.
You should always be cautious about giving your personal information over the telephone. There is no reason for such information to pass back and forth without written applications that you can put your hands on. It is also vital that you are not giving your information out to someone seeking it from you. If you are the one approaching business opportunities you can expect that your information will be necessary, however do not give it to a person or entity that you have not thoroughly investigated. If there are complaints against a particular company you will be able to get this information from your secretary of state’s office.
When handing out personal and financial information like the numbers of your prepaid credit card you want to be sure to ask if they will be giving your information to any third party members or affiliates of their company. Often your information is given once and then passed around to other companies and entities.