Black People : If You Have A Credit Card Or Checking Account Read This

Discussion in 'Black People Open Forum' started by river, Sep 18, 2005.

  1. river

    river Watch Her Flow MEMBER

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    This advice was circulated from the company memo of a corporate lawyer and came to me through my aunt who works for the IRS

    ( 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 "For" 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.) Put your work phone # on your checks instead
    of your home phone. 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 SS#
    printed on your checks. (DUH!) 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. Keep the photocopy in a
    safe place. I also carry a photocopy of my passport
    when I travel either here or abroad. We've all heard
    horror stories about fraud that's committed on us in
    stealing a name, address, Social Security number,
    credit cards.

    Unfortunately, I, an attorney, have firsthand
    knowledge because my wallet was stolen last month.
    Within a week, the thieve(s) ordered an expensive
    monthly cell phone package, applied for a VISA
    credit card, had a credit line approved to buy a
    Gateway computer, received a PIN number from DMV to
    change my driving record information on-line, and
    more. But here's some critical information to limit
    the damage in case this happens to you or someone
    you know:

    ( 1.) We have been told we should cancel our credit
    cards immediately. But the key is having the toll
    free numbers and your card numbers handy so you know
    whom to call Keep those where you can find them.

    ( 2) 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 :
    (I never even thought to do this.)

    ( 3.) Call the 3 national credit reporting
    organizations immediately to place a fraud alert on
    your name and Social Security number. I had never
    heard of doing that until advised by a bank that
    called to tell me an application for credit was made
    over the Internet in my name. 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.

    By the time I was advised to do this, almost two
    weeks after the theft, all the damage had been done.
    There are records of all the credit checks init! iated
    by the thieves' purchases, none of which I knew
    about before placing the alert. Since then, no
    additional damage has been done, and the thieves
    threw my wallet away This weekend (someone turned it
    in). It seems to have stopped them dead in their
    tracks.

    Now, here are the numbers you always need to
    contact about your wallet, etc., 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
     
  2. anAfrican

    anAfrican Well-Known Member MEMBER

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    excellent stuff!! thanks!
     
  3. Nita

    Nita Well-Known Member MEMBER

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    Yes

    Indeed!!.... Gr8 info Sister
     
  4. bigtown

    bigtown Well-Known Member MEMBER

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    Great info River, "BIG" ups to you sis!
     
  5. queentswana

    queentswana Well-Known Member MEMBER

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    ^5 for the tips Sister...every word was/is very helpful indeed, thanks
     
  6. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    great info. and smart choices to make and asure safety .
    Thankz sis.
     
  7. rationalMuse

    rationalMuse Active Member MEMBER

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    Credit History

    This is excellent advice.

    It is also recommended that you obtain a full credit report at least once a year, just to see what companies can see on your credit. The report will list any missed payments, all credit cards you own and other loans, as well as what companies have inquired into your credit history.

    Yahoo, for example, has 3-in-one credit reports available; some are free, some paid: http://loan.yahoo.com/c/
     
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