Credit Cards -
Forgotten pin, forgotten funds! - 23/04/2008
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As a nation it seems we are too forgetful to be creative when it comes to the digits of our different accounts. Rather than remember the numerous numbers relating to our accounts, people are opting for the one size fits all and are using the same pin for their entire portfolio of accounts. Safe to say this is not the safest approach when it comes to the security of your accounts.
Some eleven million individuals in Britain who have endeavoured to do the right thing by using different pins for each account have gone onto forget one of the pins and have subsequently stopped using the card altogether.
Surely this is not the way forward, Steve Willey, head of credit cards at moneysupermarket.com quite accurately comments that "forgetting your PIN isn't a crime” nor is getting a new one issued “a costly exercise”. In addition he states that “after going to the trouble of choosing and opening an account” he was “shocked that 11 million of us have stopped using a card because of a forgotten PIN”.
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