Steps to Help Prevent Fraud

1. The next time you order checks have only your initials (instead of first name) and last name put on them. If someone takes your checkbook, they will not know if you sign your checks with just your initials or your first name, but your bank will know how you sign your checks.
 
2. Do not sign the back of your credit cards. Instead, put “PHOTO ID REQUIRED.”
 
3. When you are writing checks to pay on your credit card accounts, do not put the complete account number on the memo line. Instead, just put the last four numbers. The credit card company knows the rest of the number, and anyone who might be handling your check as it passes through all the check processing channels won’t have access to it.
 
4. If you have a PO Box use that instead of your home address. If you do not have a PO Box, use your work address. Never have your social security number printed on your checks. You can add it if it is necessary. But if you have it printed, anyone can get it.
 
5. Place the contents of your wallet on a photocopy machine. Do both sides of each license, credit card, etc. You will know what you had in your wallet and all of the account numbers and phone numbers to call and cancel if it is lost or stolen.  Keep the photocopy in a safe place. Carry a photocopy of your passport when traveling either here or abroad. We’ve all heard horror stories about fraud that is committed in stealing a name, address, Social Security number, and credit cards. But here is some critical information to limit the damage in case this happens to you or someone you know.
 
A. Cancel your credit cards immediately. Have the toll free numbers and your card numbers handy so you know whom to call. Keep those where you can find them.
 
B. File a police report immediately in the jurisdiction where your credit cards, etc., were stolen. This proves to credit providers you were diligent, and this is a first step toward an investigation (if there ever is one).
 
But here’s what is perhaps most important of all:
 
C. Call the three national credit reporting organizations immediately to place a fraud alert on your name and Social Security number. The alert means any company that checks your credit knows your information was stolen, and they have to contact you by phone to authorize new credit. This should stop the thieves dead in their tracks.
 
Here are the numbers you always need to contact about the contents of your wallet if it has been stolen:
 
1.) Equifax: 1-800-525-6285
2.) Experian (formerly TRW): 1-888-397-3742
3.) Trans Union: 1-800-680-7289
4.) Social Security Administration fraud line: 1-800-269-0271

Maxim of the Moment

The height of your accomplishment will equal the depth of your convictions. - William Scolavi