
7 Simple Ways to Protect Your Credit Cards While Traveling
Traveling is incredibly exciting, but as experience shows, it can also come with certain risks, especially regarding financial security. When you head to another country or even another city, it's important to remember to protect your credit cards. An article on Fox News offers several simple yet important tips for ensuring financial safety while traveling.
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Credit Card Theft: How Thieves Use New Numbers Before You Receive Them
In recent years, there has been a troubling trend: thieves gain access to new credit card numbers before their true owners have the chance to receive them. This has been made possible due to data breaches and outdated security measures that fail to protect users from cybercrimes. Criminals primarily target individuals who are awaiting their credit cards, finding ways to activate them before the actual recipient has them in hand.
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Surge in U.S. Credit Card Defaults Reaches Highest Level in 14 Years
In recent months, the United States has witnessed a sharp increase in credit card defaults, reaching a level not seen in a generation. According to the latest data, the default rate for credit cards in the country rose to 2.7% in the third quarter of 2023. This marks the highest level since the third quarter of 2009, raising concerns about the financial stability of consumers amid rising costs and inflation.
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