Phone Call Scam: Posing as Credit Card Application Rejection Verification
Beware of a prevalent phone call scam where fraudsters pose as representatives from credit card companies claiming to verify your rejected credit card application. This scam typically follows a pattern:
Step 1: Initial Contact
- You receive a phone call from an individual claiming to be from a reputable credit card company, such as Visa or Mastercard.
- They inform you that your recent credit card application has been rejected.
Step 2: Verification Request
- The caller requests personal information, such as your Social Security number, date of birth, and credit card number.
- They may claim that this information is needed to verify your identity and complete the application process.
Step 3: Fraudulent Transactions
- Once the scammer obtains your personal and financial information, they may make unauthorized charges to your credit or debit cards.
- They may also use your information to apply for new credit accounts in your name.
How to Protect Yourself:
- Never provide personal or financial information over the phone unless you initiated the call.
- Verify the caller’s identity by calling the official customer service number of the credit card company.
- Be cautious of callers who use high-pressure tactics or create a sense of urgency.
- Remember that reputable credit card companies will not ask for sensitive information over the phone.
Reporting the Scam:
- If you have fallen victim to this scam, report it immediately to the three major credit bureaus (Equifax, Experian, TransUnion) and your local law enforcement agency.
- You can also report it to the Federal Trade Commission (FTC) at ftc.gov/complaint or 1-877-FTC-HELP.
Remember to stay vigilant and protect your personal information from fraudsters. Always verify the identity of any caller requesting sensitive information and never provide it over the phone unless you are certain of their legitimacy.
