Weekly Tips

Weekly Tips

Beware of High-Tech Identity Theft Tactics

For the eighth year in a row, identity theft led the way in 2007 as "the number one consumer complaint category". The list of Top Consumer Fraud Complaints also reported that the most common form of identity theft was credit card fraud, which accounted for a large portion of the $1.2 billion in consumer fraud losses last year. It's clear that identity theft is not only here to stay, but it's one of the fastest growing crimes in America.

on Sat, 2008-09-20 17:00

What Should I Look For On My Credit Report?

If you already have excellent credit and sparingly apply for new credit, checking your credit reports once a year might be sufficient. However, if you are in the process of rebuilding your credit or preparing to make a large purchase within the next year, you will want to take a look more often. Once every three months is a good place to start. Credit reports are long, so which information should you look at first? Here are the top five things to verify when reviewing you reports:

on Sat, 2008-09-20 17:00

Credit Talk Forum Helps Users Navigate the Credit World

Are you ready to take matters into your own hands and improve your credit? If so, congratulations for having the courage to do something about your credit problems. Many people choose to avoid the issue in every way possible, so you are taking an important step in the right direction. Making the time to repair your own credit is also an excellent alternative to paying an expensive credit repair agency to accomplish tasks you can complete right from the comfort of your home.

on Sat, 2008-09-13 17:00

Want a Lower Credit-Card Rate? Just Ask for It

Existing credit card customers are of great value to credit issuers, and that will never change. In fact, some analysts estimate it costs credit card companies more than $200 to acquire a new customer. Therefore, once they have you, they really don't want to lose you. So if you are unhappy with your current interest rate, the best thing to do is simply pick up the phone, call the number on the back of your credit card, and tell them what you want. You may be surprised how easy it really is.

on Sat, 2008-09-06 17:00

Beware of Voter Registration ID Theft Scam

Identity theft scammers never grow tired of finding new ways to deceive the unknowing into divulging personal information over the phone. In fact, the recently reported that identity theft scammers are hard at work using the looming election day as a new way to steal your personal information. Don't be fooled - protect yourself and your credit score!

on Sat, 2008-08-30 17:00

Worried About Missing Your Next Credit Card Payment?

Credit card delinquencies are soaring in 2008 as consumers continue to struggle with the subprime loan crisis, higher energy prices, and a sputtering U.S. economy. In fact, some experts estimate a quarter of American households are behind on at least one bill by a month or more. If you know you will have to miss a credit card payment this month, do yourself a favor and plan ahead instead of ignoring the inevitable consequences.

on Sat, 2008-08-23 17:00

The Payment Allocation Provision - A Credit Card Company's Best Friend

It makes logical sense that consumers should have the power to choose how their payments apply to credit card debt. Of course, some must go towards paying interest charges if a balance is carried, but the rest of the payment should be applied to the debt with the highest interest rate, right? That would clearly be in the best interest of the consumer. Unfortunately, that's not how it works in the credit world. Hidden deep in the dark shadows of your credit card's terms and conditions, there is a section known as the "Payment Allocation Provision" - a credit card company's best friend.

on Mon, 2008-08-18 17:00

"Same As Cash" Offers Hurt Credit Scores

Even though you really want that new high-def plasma TV with the booming home theater system, $5,000 smackers might sound a bit too rich for your pocketbook at the moment. So why not use a "same as cash" offer to postpone paying the debt for 90 days or maybe even 24 months? Sounds quite appealing on the surface, but the truth is "same as cash" offers can really have a negative impact on your credit score. Here are the two main reasons why:

on Sat, 2008-08-09 17:00

'Piggybacking' Lives On

Piggybacking, a technique that allows consumers with good credit to boost other's credit scores by adding them as an authorized user, will live on. If you haven't heard the term before, it's not a new thing. Parents have used the technique for many years to help their children build solid credit at a young age, but in recent years private companies have begun to take advantage of the practice by connecting bad-credit consumers with good-credit consumers for a fee.

on Sat, 2008-08-02 17:00

What's the Universal Default Clause?

Hidden deep in the small print of your credit card terms and conditions, you may find the dreaded policy known as the "Universal Default Clause". This clause gives credit card companies the ability to increase your interest rate to the maximum default when you make a late payment on ANY account that is part of your credit report.

on Thu, 2008-07-17 17:00