Credit Card Fraud Stats – Protect Yourself from Being Scammed

Credit Card Fraud Stats – Protect Yourself from Being Scammed | Guest Blog by CreditLoan | JLV College Counseling BlogAre you finally going to college? If yes, you are definitely excited to taste freedom right now. You will be away from home, manage your finances and make your own decisions. It is a challenging life ahead of you, but also exciting in many ways.

Perhaps, the most challenging part is how to be financially independent. For some, they will still receive financial support from their parents, but not in the same way as before. Others have to work their way through college if they want to finish. There are also those who will be given a credit card by their parents, but they still have to work in order to repay what they have borrowed.

If you are entrusted a credit card to help you with academic expenses, you have to be careful. There are a lot of people, especially students, who have become victims of credit card fraud. You need to learn how to protect yourself against fraud or else be miserable for the rest of your college life.

You are an easy target for these scammers because they know you are not yet adept in the use of credit card. You might also be careless in doing transactions using your credit card, especially online. You can even buy items from unreliable stores which will just take your credit card information and leave.

Do not allow these people to succeed. They will only scam you if you allow them to. By being more vigilant, you can detect if they are trying to defraud you so you can leave right away.

There are a lot of other ways for you to get rid of these scammers. Below is an infographic that provides details on how to stay protected. You are just a student and you have no stable income source. You can’t go on paying for the amount that was stolen from you.

Credit Card Fraud Stats - Protect Yourself from Being Scammed was designed to help educate consumers about various personal finance issues. 



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