Consumer Credit Protection Tip # 1

Consumer Credit Protection Tips

Consumer tips to protect your credit


You have to take an active approach to protect your credit. Here are a few consumer credit protection tips.

Consumer Credit Protection Tip # 1

Most Banks have FREE online banking, I know a lot of people are skeptical about banking online. Let's look at the benefits of signing up for online banking. You get access to your account 24 hours a day. You can monitor your balance. You can see when checks have cleared, and when deposits have been posted to your account. Online access will enable you to keep track of your balance.

Consumer Credit Protection Tip # 2

Always, Always review your bills. By reviewing your bills before you pay them, you can catch any errors made by the creditor. I received my bill from Master Card, I had my card in my wallet, I did not use this card to shop online, and the bill had three fraudulent charges posted. How does this happen, card is not lost, stolen, it's in my wallet. I called the creditor and an immediate investigation was conducted. Imagine if I never checked the bill. Always read each bill.

Consumer Credit Protection Tip # 3

If you do decide to pay your bills online use only one source to pay all of your bills. I know just about every creditor now offers online bill pay free. But you want to limit your payments to just one site, if you have a problem you will be able to get to the bottom of the problem. If you
are paying bills through five sites that's like five people getting money out of your account which one had the problem?

Consumer Credit Protection Tip # 4

When shopping online use a virtual credit card. Some banks offer virtual credit cards with certain types of checking accounts, and there is no fee for a virtual credit card. If you don't have a virtual credit card only us one credit card for shopping online. Before I was offered a virtual credit card from my bank, I would only use one credit card for shopping online, that way if I had problem. I could track the problem.Check with your bank to see if they offer virtual credit cards.

Consumer Credit Protection Tip # 5

Only shop online at sites that you know, that a good reputation for quality items and service. When checking out make sure you see the lock in the bottom corner of your computer screen or your browser changes to HTTPS: the s stands for security. Look for the security at the site before checking out.

Consumer Credit Protection Tip # 6

You can also sign up for online banking for your credit cards. This will help you track your spending. Tracking your spending is a good way to ensure you don't go over your credit limit. If you want to give yourself a monthly amount to spend you can track your spending. You can also make sure the creditor is posting your payments in a timely manner.

Consumer Credit Protection Tip # 7

Since we are all busy, you can sign you with a monitoring service. They will alert you to any strange or new transactions on your credit report. They will monitor your credit seven days a week 24 hours a day. If you are super busy this could be a good option for you.

Consumer Credit Protection Tip # 8


You hear this one all the time, Never give out personal information about yourself to a stranger. Only give this information out if you initiated the contact, then only give out what is reasonable. If someone asked you a question that seems unreasonable don't be afraid to refuse the information. Unless they can give you a reasonable explanation, why the information is needed.