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Up to ten million Brits have same PIN for credit and debit cards
22/04/2008 11:05:00
Up to ten million Brits are putting themselves at risk of losing their money through fraud by having the same PIN number for both their debit and credit cards, one financial expert has claimed.
A study from moneysupermarket.com revealed that 11 million Brits who do have separate PIN numbers now do not use a credit or debit card due to forgetting it.
Steve Willey, head of credit cards at price comparison site moneysupermarket.com, said that using the same PIN for each of your cards is a gamble ten million of consumers are taking.
"I'd strongly recommend having a different PIN for each. Few of us have more than three cards, so it is barely any harder than remembering one phone number," he advised.
One in three cardholders aged under 40 has stopped using a card because of a forgotten PIN, as opposed to only one in five of those aged 40 or more.
Previously, the firm reported that nearly half of British consumers had never checked their credit report.
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