Quote:
Originally Posted by OrangeBlossomBaby
I just keep my credit limit really low on my credit card. They used to keep raising it "Congratulations! You've earned..." and I finally called them and told them to stop touching my credit limit, it was low because I wanted to keep it that way.
So basically - I'm "under the radar." We have very few "investment" assets that ping our credit rating at all, we don't have a mortgage or any outstanding loans that we're paying on. So we basically fly under the "scammer radar." They're not interested in us, because they know we don't have enough credit to cover their scams. They'd probably be turned down if they tried to get a new credit card in our name.
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You maybe under the radar, but you are still susceptible, to loan, mortgage and bank fraud. A common fraud is for someone to use your name & social security number to open a bank account in your name using your credit rating. They then are able to take out loans, get credit, or credit cards in your name. They then runoff with the goods and you are stuck with the loans and credit card debt. This is a very common kind of ID theft fraud and has nothing to do with your current credit limits or cards.