Borrowers warned about credit card fraud

A new campaign is being launched by Apacs, the UK payments association, in order to raise awareness about online fraud.

As Christmas – a time when many rely on credit cards or internet shopping – approaches, the body is highlighting the issue with the support of banks, retailers and firms such as Visa and MasterCard.

It will commence on October 20th, when adverts will appear in the regional and national press.

Director of communications Sandra Quinn said that people must be proactive if they wish to avoid becoming a victim.

“As more and more of us are shopping online with our cards, we all need to take an active role in protecting our personal information – working together to combat the fraudsters.”

The cost of Christmas is a major factor for credit card debt – several retailers have increased rates on their store cards in the run up to the festive season, according to Moneyfacts.

By Jamie Price