Use Fake Answers For Security Questions

system security questionEx-Credit Card Thief Recommends Making Up Fake Answers To Security Questions:

In an interview, a former credit card thief talks about some of the scams he used to run on unwary consumers… instead of putting down the real answer to “What’s your mother’s maiden name?” put down “unicorn princess.”

I’d never be able to remember the fake answers.

Maybe you could put variations of the real answers. Some suggestions:

  • Spell the answer backwards. So say the question was “Where were you born?” and the answer “Toronto”, use “otnorot” instead.
  • Use fake answers associated with another family member instead of your own.
  • If the answers are not for verbal use, use character substitution to easily remember it. Eg. Use the letter located to the right of the actually letter on a keyboard, so “y” for “t”, “p” for “o”, etc.

Using A Credit Card Once

Home Depot credit cardI recently purchased a swing set for my kids (the fun I had putting it together is another story) from Home Depot. A friend told me about their 10% discount if I apply for their credit card. 50 bucks off? Sure, why not.

I received the shiny card today along with its statement with what I owe. I promptly paid the bill and then cut the card up, never to be used again.

I use one credit card: President’s Choice MasterCard, and I only use that because I receive points from their incentive program and it’s free, else I wouldn’t use any credit cards. I pay it off every month.

Retail store credit cards (Sears, Wal-mart, etc.) have no practical purpose unless they offer a discount or incentive. Most don’t except for the first purchase you make with them. If you’re making a large purchase, it’s probably worth the 10 minutes to apply for them and get the discount. If you do, remember to pay the bill immediately and cut the card up.

This money-saving tip has been brought to you by the letter “S” and the number “42”.