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Watchdog: Credit Card Statements

Written by Michelle Brown

Wash your hands, take your vitamins, and review your statements.

Daily habits protect our peace and invest in “future us.” Don’t want cavities? Brush your teeth. Don’t want a headache? Drink water. Don’t want “bad people” out there trying to take advantage of all of us? Check your credit card statements.

It has come to my attention that there is a phishing scam going on where scammers are buying up credit card numbers and finding unprotected credit card terminals and running hundreds, if not thousands of $1.00 charges.

Credit card companies have risk management teams that try to catch this, however, they couldn’t

keep up with the volume–or the cleverness, frankly–of these scammers.

What can you do? Set a regular habit that will protect you from being taken advantage of. If you’ve got a good bookkeeper (reach out if you don’t!), even better; make sure they keep an eagle eye on your credit card statements.

👆Stay vigilant on reviewing charges on your business banking debit cards and credit cards. If you see small charges that make no sense, contact your credit card company.

**✌️Every month, read your credit card and bank statements on the lookout for red flags. **They are getting away with this because they are only charging $1.00 and it may look like a misc. fee. If you didn’t charge it, then REPORT it … even if it is only 1.00 or .50.

If you pay attention and report any questionable expense, you will be protected against charges and erroneous fees and you can help shut scammers down. Despite all the current distractions in the world today, make sure to stay alert. Keep washing your hands, taking your vitamins, and review your bank and credit card statements.

Need help figuring out if you’re been the victim of a phishing scam? Reach out to michelle@unleashedfinancialadvocates.com. Future-proofing an empowered business is a tough job, but you don’t have to do it alone.