Consumers Should Reject Credit Card Offers Responsibly

No Comments » | Posted by Jacob ONeill
Dec 22 2010

Every once in a while, you hear a story about someone stumbling across a winning lottery ticket by chance. Maybe they find one on a restaurant table or pick one up off the street while they’re tying their shoes. Whatever the reason, when this happens, someone else has lost out due to carelessness.

Unless you’re careful, you may be risking a similar loss with your credit card information. Every week, consumers across the country receive handfuls of credit card offers in the mail. And while they may seem like junk, the mailings you receive can contain vital information about you and your family members.

These direct-mail offers can include your name, your address, and/or an account number for you. This information may not seem very important, but credit card thieves can use it to apply for a card in your name, rack up large bills, and damage your credit score.

“Buy a shredder, and shred them all! Do not simply throw them away. At least tear them up,” Michael Gibney, a certified financial planner with Highland Financial Advisors, told The Star-Ledger. “They are also good kindling for fireplace season.”

By taking these measures, you can help ensure that no surprises show up on your credit reports. And on the plus side, most paper shredders cost about $60, far less than what you could lose through stolen credit information.

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