It can be stressful when you look at your account and are surprised by the amount available. You then look at your transactions and see that there was a charge from a state 500 miles away from where you’re at. You panic and call your financial institution right away and they tell you that they will start a case. You’re stressed because your bills are due tomorrow and you don’t know when you’ll get your money back.
Prevention is key, and here are some tips for shopping online safely:
Consider Using Your Credit Card
Dispute your charges and still pay your bills. If your credit card is compromised, at least you can still pay your rent. Credit card merchants can usually work more quickly on dispute cases than debit card dispute cases, so you’ll get your credit back quicker! Just be sure to pay off your credit card every month to avoid finance charges.
Use Secure Wi-Fi Networks & Websites
Always be cautious while using public Wi-Fi. Public Wi-Fi networks are usually shared, so the information you send while you’re on that network is not encrypted. If you’re wanting to do any personal business on a public network, it is safer to use your cellular data network. The “S” in https means secure. Check the URL of the website, does it say “https:” or does “http:”?
Read the Fine Print
Before entering in your card information into a website that you have not used before, be sure to read the fine print. The product companies that suggest you will be receiving a “free gift” and you would just be paying for the shipping, are usually those that say in the very fine print “you are authorizing a $59.99/mo. subscription”.
Things happen, and sometimes they are out of your control. Use these tips to prevent a stressful situation for yourself.
If you don’t have a credit card and are interested in getting one, check out Midland Credit Union’s low credit card rate: https://www.midlandcu.org/all-loans/credit-card/