Delta, PA -- (SBWIRE) -- 01/16/2014 -- Credit card identity theft is one of the most common forms of identity theft. Many consumers don’t know the risk or how to protect themselves. Legal-yogi.com would like to offer some perspective:

- The Risk of Credit Card Fraud
- Ways it can Happen
- The Consequences
- Credit Card Identity Theft Protection

The Risk of Credit Card Fraud

In queries about credit card identity theft, statistics record it as one of the most common forms. Cases where a thief uses a card for purchases or opens a credit card account in a consumers name, which are very hard to resolve, contribute to a QUARTER of identity theft cases.

Ways it can Happen

Identity thieves are sneaky by nature. Information can be pulled from public computers, overheard in public areas, or copied in transaction. Additionally, increasing numbers are known these days for trying to have a fraudulent line of credit approved.

Many are cleverer than their resistors. They may file for a change of address so overdue notices don’t find the consumer. They may try to open an account in a child’s name with the SSN…something that often goes undetected for decades. They may use a phishing scam, meant to steal information through fake e-mail exchanges.

The Consequences

Credit card fraud does billions of dollars in damage to credit yearly. Catching it requires close attention and awareness of the risk. Consumers who don’t look at their credit card statements may discover a gap forming if an identity theft finds a way in. Existing forms of identity theft are tricky and imperfect at protecting against this damage. Some have fine print making it hard to collect on fees or lost wages. So, proper protection or recovery is clearly found by being proactive.

Credit Card Identity Theft Protection

Credit card identity theft protection comes from a combination of regular checking and ID theft protection. Consumers should always remember to check their statements, clear computer information, change their passwords, and keep their information safe. Consumers wary of credit protection are allowed check their credit report once a year with each of the three credit reporting companies. Doing this once every four months is resourceful.

Some popular protection measures include fraud alerts, credit freezes, and monitoring. A fraud alert can be applied by ID protection services to complicate the approval process for creditors in fraud. Freezes prevent new, unknown companies from seeing reports and approving cards for thieves. Credit monitoring is offered by each bureau for a monthly fee. Consumers may be considering protection more heavily now. But it will still take some strategizing to determine best fit.

The consumer-service at Legal-yogi.com offers the latest research and best one-on-one help for ID theft protection. Call 866-9964-9644 for a free consultation today.