Careless cardholders

According to the data from the latest reports by Saga the UK young cardholders are most likely to become victims of credit card fraud.

In view of high increase of credit card frauds for the past several years consumers are being constantly warned to be more cautious and careful when disposing their credit card accounts and information.

Despite all of this younger people were noted to use their credit cards in the way that could lead them to being at increased risk of falling victim to this sort of financial crime. As per the survey a large number of cardholders at the age over fifty are inclined to use and carry multiple credit cards.

Young people are advised to be more conscious and sensible at using their plastic cards so as to avoid such risks.
“The younger generation are obviously more gung-ho and do not think that this kind of thing will happen to them and also if something does ensue, they may be relying on financial institutions to reimburse them,” says an industry official from Saga.