It may seem like this topic has been discussed many times before but we are still hearing stories about people being taken advantage of and having their credit card information stolen. I know from personal experience that no matter how careful you are it can happen to you.
In my case it has happened to me twice. In the first instance I used my store credit card to purchase something and was unaware that a skimmer had been placed on the credit card device at the register. I did not realize anything was wrong because I still had the card in my possession. I asked the person in the fraud department how they were making purchases since I still had physical custody of the card. I was informed that the skimmer allows aces to the card information which then enables them to make a duplicate card. They were therefore able to take that fake card and start making purchases. It started off small. (I am assuming to see if the card had been reported.) Once they made a few small purchases they started making larger ones. Within two weeks of the theft the person who got my card information was able to purchase items worth over $500 on my card. When they attempted to make another large purchase that’s when I was notified. I was able to dispute the charges but the process took over six months to resolve and it was very time consuming. The second instance happened more recently and this time I’m not even sure how they got my information. I was notified by a credit reporting company that someone had tried to open two credit cards in my name. I reviewed my credit report and found that someone had used my name and my address, but different contact phone numbers. Luckily I was notified by the credit monitoring company in a timely manner so I was able to quickly contact the credit card companies and stop the credit card processing before the cards were issued. I’m still not entirely certain how my information was compromised.
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