Funding Solutions

Wednesday, September 14, 2005

Keep your credit/debit card receipts

My husband regularly throws out receipts as soon as he uses his credit or debit card. This is dangerous in more than one way. The receipt can be picked up by someone who can try to pull up information on it - perhaps even going back to the store with receipt in hand, and somehow finding a way to get more information or perhaps to increase the amount of purchase - who knows? Many places only put the last 4 digits of a card on the receipts, but it's scary how scammers can still figure out a way to use these receipts. The other problem is that when the charge comes through the bank or credit agency, it may or may not be in the same amount as you remember - sometimes a decimal point is entered in the wrong place, or the number is keyed in wrong. The only proof you have that it's wrong is the receipt. I have had this happen in the past, and having the receipt made it easy to both track and correct. So remember - keep all your debit (although I hope you are running all your debit card purchases as "credit") and credit receipts until you can check your account - then shred the receipts. http://www.doubleii.com/credit.htm

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