Fraud Alert: Attention If you want to avoid fraud, then know these 8 things today, otherwise you may suffer loss.

Fraud Alert: Even if there is no pending credit card bill, fraud and identity theft increase the problems of the user as well as the bank.

At present, credit card is no less than a boon for the people. With its help, people can easily buy the things they need even if they do not have money. However, after a few days the credit card bill has to be paid. But by using this, the person gets some extra time to pay a larger amount. You will be surprised to know that even if there is no pending credit card bill, fraud and identity theft increase the problems of the user as well as the bank.

It can be a little difficult to tell about fraud. For this, you should be aware of the theft and inform it to the bank. You should pay the fine and get a replacement card. After this you should update all your automated payments. As long as personal information is recorded and sent online, criminals will try to steal identities to register new credit accounts. However, there are other important things you can do to avoid credit theft.

1. You should get your credit score only from legal medium credit agencies like Experian, Equifax and CIBIL. These agencies provide correct and accurate credit reports.
2. Never give your Internet banking password, credit card PIN, or mobile app credentials to strangers, friends, and family through email.
3. Do not check your credit score through unsolicited offers sent over phone, email or text message. Such techniques are often used by Kiminals to trap people suddenly.
4. Stay away from businesses that offer great income and boost credit score. Legal credit repair companies never claim to improve credit scores.
5. You should keep checking your credit report to see any kind of unauthorized activities. You can get a copy of your credit report from each of the primary credit bureaus each year.
6. Beware of internet criminals offering prizes and foreign assets. You should not pay in advance for any of these scams. With this, they can not only take your money, but can also get your credit card information later.
7. You should avoid skimming. Through this, criminals use information from legal credit card transactions on Point of Sale (PoS) devices to create fake cards. With its help, the criminal can do online transactions without using the real card.
8. All credit card issuing lenders allow you to set transaction limits for ATM withdrawals, online/e-commerce purchases, POS transactions and contactless payments. These limits are initially fixed on the maximum value of the card. It is best to change these parameters to the minimum amount required for regular transactions. You can easily update these limits at any time using the mobile application.

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