New twist on the old scam

Consumer attorney Sonya Smith-Valentine brings a new phone-based credit card scam to light. In this one, the caller behaves like a representative from a credit card company investigating credit card fraud. “We need to verify you are in possession of your card,” the caller will eventually ask, and request your three-digit CVV code from the back of your card.

Of course, the caller already has everything else they need, and can make all the online purchases they want now that they have that crucial last piece of information. Stay on your toes!

AFFIL: End predatory lending now and save the American dream.

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