The Confidential Credit Card Report
The Authorities Are Hiding From You!
VOLUME 1
When You Receive Your Credit Card:
Once you receive your credit card in the mail, sign it immediately so no one else can
use it. The accompanying papers have important information, such as customer
service telephone numbers and where to call if your credit card is lost or stolen.
Keep this information in a safe place. There will usually be instructions to call the
credit card issuer in order to activate the card. Many credit card issuers require this
step to minimize fraud and to give you additional information.
Keep your credit card account information to yourself, and do not lend your credit
card to anyone, even to a friend. Never give out your credit card number or expiration
date over the phone unless you know with whom you are dealing. A criminal can use
this information to steal money from you, or even to assume your credit identity.
If your credit card is lost or stolen, you are not liable for any charges if you report the
loss before the credit card is used. If the credit card is used before you report it
missing, the most you will owe is $50.
Keep copies of credit card sales receipts and compare charges when your bill arrives.
Promptly report any questionable charges to the credit card issuer - if you call first,
make sure you also send them details in writing.
When you have used your credit card for a purchase and you do not receive the goods
or services as promised, you might be able to withhold payment for the goods or
services. Contact your credit card issuer - they must investigate billing disputes by
law - and be sure to send details in writing.
Protect your credit record. Pay bills promptly to keep finance charges low and to
protect your credit rating. Keep track of your credit card charges and do not exceed
your credit limit. Report any change of address prior to moving, so that you receive
bills promptly.
While a credit card makes it easy to buy something now and pay for it later, you can
lose track of how much you have spent by the time the bill arrives if you are not
careful. And if you do not pay your bill in full, you will probably have to pay finance
charges on the unpaid balance.
If you continue to charge while carrying an outstanding balance on your credit card,
your debt can snowball. Before you know it, your minimum payment is only covering
the interest. If you start having trouble repaying the debt, you could tarnish your credit report and make yourself a higher risk. That can have a sizable impact on your life. A negative credit report can make it more difficult to finance a car or home, get
Insurance, and even get a job.
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