Most of us enjoy Cyber shopping. Some of us do it to avoid crowds, some to save gas, and some for the convenience of shopping at any time of day or night. When you’re ready to make an online purchase, pay close attention to the information you need to enter. Should you decide to pay by credit card, make your cyber shopping experience safe.
Below are 10 strategies you can apply when shopping online and avoid cyber blitzing
• Check out the seller. If you’re thinking about shopping on a site with which you’re not familiar, do some independent research before you buy.
• Read return policies. A number of retailers offer specific return windows for certain products and some charge “restocking” fees. Find out who covers the shipping cost — the customer or the merchant — on a return.
• Know what you’re getting. Read the seller’s product description closely. Name-brand items at greatly reduced prices could be counterfeit.
• Don’t fall for a false email or pop-up. Legitimate companies don’t send unsolicited email messages asking for your password or login name, or your financial information. But scammers do. In fact, crooks often send emails that look just like they’re from legitimate companies – but direct you to click on a link, where they ask for your personal information. Delete these emails. They’re an attempt to get your information and to facilitate identity theft or other crimes. In addition, just clicking a link in a fraudulent email could install spyware on your computer.
• Look for signs a site is safe. When you’re ready to buy something from a seller you trust, look for signs that the site is secure, such as a closed padlock on the browser’s status bar, before you enter your personal and financial information. When you’re asked to provide payment information, the beginning of the Web site’s URL address should change from http to shttp or https, indicating that the purchase is encrypted or secured.
• Secure your computer. At a minimum, your computer should have anti-virus and anti-spyware software, and a firewall.
• Consider how you’ll pay. Credit cards generally are a safe option because they allow buyers to seek a credit from the issuer if the product isn’t delivered or isn’t what was ordered. Also, if your credit card number is stolen, you generally won’t be liable for more than $50 in charges. Don’t send cash or use a money-wiring service because you’ll have no recourse if something goes wrong.
• Know the full price, and check out incentives. If you’re looking for the best deal, compare total costs, including shipping and handling. Some “free” shipping deals may come with strings attached, such as requirements to spend a minimum amount or buy certain products.
• Keep a paper trail. Print and save records of your online transactions, including the product description and price, the online receipt, and copies of any email you exchange with the seller. Read your credit card statements as soon as you get them to make sure there aren’t any unauthorized charges.
• Turn your computer off when you’re finished shopping. Many people leave their computers running 24/7, the dream scenario for scammers who want to install malicious software on your machine and then control it remotely to commit cyber crime. To be extra safe, switch off your computer when you are not using it.
NEVER supply personal information, such as your Social Security number or your mother’s maiden name. If you have any doubts, cancel your order immediately. Not even the best game tickets are worth the nightmare of having your credit card compromised!
Identity theft occurs when someone uses your identity for their own financial gain. This can especially be a sticky situation when the identity thief is done by a family member. You will feel betrayed and violated leading to trust issues. However, you may find it hard...read more
Your credit rating is important for your financial health. With a bad credit score, you will be subjected to high interest rates whenever you take a loan or borrow. It may also affect your expenses such as insurance, the result? Unfortunately subjecting you to higher...read more
Establishing credit for the first time may be tricky. If you do not have a credit history, it will be difficult to get a mortgae, credit card, or even a loan. So how do you show a repayment history if you can’t get credit? To have a credit score, you should have an...read more
Identity theft is one of the fastest growing crimes globally. Identity theft is one of the major reasons for bad credit and lack of access to financing. Both credit freezes and fraud alerts can be used to protect your access to credit. However, each method is used for...read more
What is a credit report? When you apply for credit, the lender reviews your credit report before approving your application. The three major credit reporting agencies are Equifax, Experian, and TransUnion. These agencies, which are also called “bureaus,” collect and...read more
One of the most frequent questions our clients at Optimus Credit ask us is how long do negative items report on your credit report? Below is a list of various accounts and how long they can remain on your credit report. Delinquencies (30 – 180 days): Can remain seven...read more
1. Your Credit Report is Different From Credit Scores Credit scores are calculated using the information reported on your credit reports, which includes details of your credit accounts both open and closed, balance inquiries, payment history, how often you apply for...read more