You are here: Home - Credit Cards & Loans -

Callcredit warns of festive fraud

0
Written by:
28/11/2007

Credit report provider Callcredit is counselling customers about the risks of failing to protect their identity when shopping online.

With more than 27 million people expected to buy over the internet this Christmas – a 7 million increase on last year – shoppers are expected to spend a record-breaking £14bn on their online Christmas shopping, making them Europe’s most internet-obsessed consumers. Callcredit warns that if people aren’t careful with their identity this increase in spending could be matched by an increase in identity theft.

Owen Roberts, fraud expert at Callcredit, said: “With the average Christmas spend level at £620 for individuals without children, consumers are using their credit cards on a more regular basis to help budget for it. Not only are consumers being left with a large financial hangover in the New Year, but they are putting themselves at greater risk of becoming victims of ID fraud. Unless consumers start to take some preventative steps the consequences could be very damaging.

“If you were shopping on the high street you wouldn’t leave your wallet open and we advise that you don’t do the same online. It is impossible to be 100% safe from identity theft; fraudsters are always looking for new ways to commit ID fraud so it is essential that consumers are aware of how to protect themselves.”

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Cheque clearing changes provide clarity

Changes to the cheque clearing process this week will provide certainty and increased transparency, according to the UK payments association,...

Close