Most consumers who answered BIDTC's recent survey revealed their fraudulent charges weren't high.
San Francisco, CA -- (SBWIRE) -- 10/29/2014 -- BestIDTheftCompanys.com (BIDTC) is an industry leading review website, known for their thorough research into identity theft companies. Their experts were interested in the amount of money that is typically charged onto credit cards as a result of fraud. They distributed a survey to over 1000 consumers all over the nation, and received back the following results:
How much money have you been charged on your credit card that was a result of fraud?
A: $0-99: 75 percent
B: $100-199: 4.9 percent
C: $200-299: 3.1 percent
D: $300-399: 2.6 percent
E: $400+: 14.4 percent
The answer of $0-99 is the winner holding 75 percent of the vote. As stated in BIDTC’s related blog, many instances of fraud and identity theft start out from small, unnoticed purchases here and there; purchases that a consumer may not notice or be concerned about. Bigger sudden purchases will certainly alarm most consumers who check their bank statements frequently.
It is also known that credit card companies or banks will call the original credit card owner to confirm most large purchases. If the purchases are smaller, those consumers will not get a phone call or an alert.
However, as 0 dollars is in the range of answer “A”, some of these consumers who responded to the survey may have not been hit by identity fraud yet. This survey was distributed to over 1000 consumers evenly, not only to consumers who have had occurrences of identity fraud.
The answer that holds the next biggest percentage of votes is the largest dollar range given. 14.4 percent of the consumers asked have had over 400 dollars of fraudulent charges on their credit card.
BIDTC believes that consumers should be checking their bank statements regularly and reviewing all charges made on their credit cards, both big and small. Small purchases that consumers don’t have any recollection of making need to be addressed. Identity thieves have been known to make a number of small purchases until the account is depleted.
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