Imagine getting a text message from your bank that states your account has been compromised and you're to call a phone number listed in the text immediately. Then, when you call the number, it's actually an automated system designed to collect your banking or credit information for phishers. This is one of the newest types of phishing scams to circulate.
If something like this comes to your cell phone (or your email box, telephone, or any other way), ask yourself some questions. How did the creditor/bank get your cell phone number? Even if you gave it to them, did you agree to allow them to communicate with you via text message? Has your bank ever communicated with you using this means before?
Phishers will do whatever's necessary to get to your personal information. Protect yourself. Think before you respond. And when in doubt, call the bank or creditor directly using the number that's listed on your statement.