Wednesday, April 2, 2014

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.

Your personal information is extremely vital, so it's worth being aware of the people you're giving it to. There are many aspects to take into account, ranging from phone numbers to home addresses. A Long Island CPA can tell you that such details can be used in order to benefit them while negatively impacting your standing as far as credit is concerned. When you do not initiate the conversation with another party, authorities like Gettry Marcus will stress the point of being as mindful as possible.

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.

If you are looking to maintain your credit in the long term, you have to be careful about the information you bring forth. It's important to keep certain cards closer to the chest than others, after all. If you are not able to keep your credit score elevated for long, for example, what are some of the ways in which you can make this more of a non-issue? In order to help, make sure that you take the above steps into consideration so that a stronger account may be yours.




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