Note: This post is sponsored by Capital One Canada, all thoughts and opinions are honest and my own.
Conquer Fraud Prevention & Identity Theft!
Dealing with fraud is never on the top of anyone’s bucket list. However, fraud happens to even the best of us, it’s how you deal with it that matters. Dealing with fraud before it happens is always your best bet. Fraud prevention is a real thing and Capital One Canada is a great resource for learning all about fraud prevention and how to protect yourself.
According to a study by Capital One, the majority of Canadians are aware of the impact identity theft can have on their personal finances, including their credit score (71%) but only half (about 53%) are taking some of the recommended steps to protect themselves from identity theft. This includes measures like managing your social media account security settings, which can put people at risk of fraud. There are lots of ways to take control and protect yourself, and most of these actions start at home.
Take Advantage of Fraud Prevention on Your Credit Card
Did you know that most credit cards offer some sort of opt-in fraud detection feature? These features include, two-way fraud alerts and purchase notifications so you know what is being purchased and can recognize whether or not you made the purchase. If you have access to these options, make sure to take advantage of them.
Monitor Your Credit Score
Staying on top of your financial activity is key. You should know if someone tries to open a new loan account in your name or worse, has used your information to default on a loan. Capital One was the first bank in Canada to offer free credit scores to cardholders via the Credit Keeper* platform. This tool indicates recent inquiries on your credit file, allowing you to vigilantly watch for unexpected activity.
Report a Lost or Stolen Card
When it comes down to it, you have to be vigilant about fraud. If you have lost your card, you will want to report it right away. If someone has stolen your card, you should report this right away. Reporting a lost or stolen card can help prevent fraud.
March is Fraud Prevention Month and a great time to look at your finances. You should take a minute to examine your accounts, your security settings and the steps you take to protect yourself from fraud to ensure your personal information is adequately protected.
Here are a few other things you can do if fraud happens to you!
- Always contact your credit card issuer for help.
- Check your credit report to ensure more fraud didn’t occur.
- If you are a victim of identity theft, have a fraud alert put on your credit profile.
- Finally, use Credit Keeper from Capital One, it’s free. It indicates recent inquiries on your credit file, allowing you to vigilantly watch for unexpected activity.
Also, make sure you visit the Capital One website at www.capitalone.ca/fraudprevention to see how you can avoid fraud and protect yourself from it. It is a great resource to learn more about credit too!
What do you do to make sure you don’t fall victim to fraud?
Let me know, til then–cheers m’deres!
*Credit Keeper is a service offered by Capital One Canada and is powered by credit history and score information provided by TransUnion. Availability may vary depending on the ability to verify your identity and obtain your information from TransUnion. The credit score provided by Credit Keeper is intended for your educational use only. Lenders and other commercial users may use a different type of credit score and other information when making credit decisions. Currently, Credit Keeper isn’t available for Capital One customers who live in the province of Quebec, or who have a Capital One Mastercard exclusively for Costco members.
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Nancy Polanco is a freelance journalist, lifestyle content creator, and editor of Whispered Inspirations. She is a proud Mom to Gabby and Michaela and partner and best friend to Darasak. Having worked as part of a health care team for almost a decade, Nancy is happy to be back to her passion. She is a contributor to the Huffington Post, TODAY’s Parents, and an Oprah Magazine Brand Ambassador.