Posted by Areelitaha Joahlanski | Posted in credit | Posted on 30-08-2010
Beware of credit card scams. Many have been perpetrated against people unfamiliar with the scope of the problem. An email arrives telling you your credit card numbers have been stolen. Then it gives you a link to use. Follow it and it takes you to the criminal.
When you click the link in the email, does it take you to the website belonging to your bank? No, it takes you to the scammer’s website. There you are urged to rush and send your card numbers and other personal information to him.
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 all twelve expiration dates till he hits on the right combination. He makes a small purchase, then voids it. He spends hours and days doing the preparation for the scam.
He finds a seller online who will sell him an expensive piece of merchandise and split the cost among three or more cards. He orders next day delivery. By the time the seller realizes the real owners of the cards are disputing all charges, the scammer has accepted delivery of the merchandise and is nowhere to be found.
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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