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Credit card and bank fraud, identification theft depressing the economy – it is time to get yourself digitally and plastic-wise turned off
Joe Weinman
Mar. 4, 2007

The crooks are inventing new means to defraud you of your bank accounts, line of credits, credit card accounts and even home equity loan accounts. They follow your borrowing activities. They assume you profile and start borrowing on your name till you or your bank recognizes the problem.

The Credit card and bank fraud, identification theft is spreading like wild fire. People have started avoiding using credit cards in totality and also put a stop on their all-existing line of credits.

According to international think tanks, it is just the start. The digital thieves are inventing new ways. The banks are struggling to recover the credit card fraud. The economy is getting depressed as people are losing their confidence in the credit card and banking systems. It is time for you to act to protect yourself.

You must digitally and plastic-wise turn yourself off. That means maintaining the minimum credit cards, no open line of credits and above all minimal number of bank accounts. Otherwise, you will sooner or later be hit with identity theft and fraud.


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