Beware Of Credit Card Scams For Your Own Protection.
You should always beware of credit card scams because many are used to cheat people who haven’t heard about them. Suddenly an email shows up saying hurry and go to (a link is given) to save your account from being swindled. They will stop the crook from cheating you they say.
Clicking the link takes you to a website where they say you must hurry before the criminals get your numbers and use them. Next they collect all your personal information. If a person thinks they are giving it to their bank, they may divulge the information.
The problem is, the website does not belong to the credit card company. Your information is being collected by the scammer on his website. By the time you realize what happened, he has been out shopping for expensive electronics and jewelry, using your credit card.
One scam goes like this. He gets a Visa number (somewhere, somehow) that he knows is accepted. He uses the numbers and guesses at the expiration date and last four digits until he hits on the correct ones. Using the last four digits on the good card, he tries the following series of numbers. For example, if the good card uses 9932 he tries 9933 and up.
Next he tries out expiration dates till he finds one that matches. Then he verifies that it works by making a purchase. He immediately voids it to avoid alerting the real owner of the numbers.
The next step is to find a gullible seller who will allow him to order an expensive item and split the cost among three or four credit cards. He has the goods shipped overnight. By the time the vendor is notified that the legitimate owners of those credit cards are denying the charges, the scammer is long gone.
The credit company must assume the loss because anything over $50 cannot be passed on to the real owner of the card. We all suffer as a result because prices are raised. So, beware of credit card scams. You will have to get new accounts, change all your personal passwords and the scammer will still have your social security number.
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