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Information on mortgages, home equity loans, and consumer credit to help you use the power of financing to your advantage.
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• Get the Discover® Platinum Card
Tips on Protecting Yourself from Credit Card Scams
• Gold and Platinum Cards. If you're looking for credit, be wary of some 'gold' or 'platinum' card offers promising to get you credit cards or improve your credit rating.
• Avoiding Credit and Charge Card Fraud. A thief goes through trash to find discarded receipts or carbons, and then uses your account numbers illegally.
• Credit, ATM and Debit Cards: What to do if They're Lost or Stolen. Many people find it easy and convenient to use credit cards and ATM or debit cards. The Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) offer procedures for you to use if your cards are lost or stolen.
• Credit Card Fraud. "Dead Man Walking" was the title of a movie, but it's also the nickname for a man arrested by the Postal Inspectors.
Credit Insurance Tips
• Credit Insurance: Is It for You? The next time you apply for a mortgage or personal loan, you may be asked if you want to buy credit insurance, or it might already be included in your loan proposal. Credit insurance protects the loan on the chance that you can't make your payments.
• Credit Card Loss Protection Offers: They're the Real Steal. "I got a call from a woman who said I need credit card loss protection insurance. I thought there was a law that limited my liability to $50 for unauthorized charges. But she said the law had changed and that now, people are liable for all unauthorized charges on their account. Is that true?"
• Credit Card Protection Insurance- Should You Get It? In a time when credit card debt is at an all-time high—up to $500 billion last year—many people turn to credit card insurance for a little security.
• Credit Card Protection Scams. Watch your credit cards.Thieves are calling unsuspecting area residents about credit card protection services, but the sales pitch uses false and misleading statements.
General Credit Card Tips
• How many credit cards are too many? My wallet is overflowing with credit cards, including several from major banks that have balances on them and several store cards that I rarely use. How many cards should I have, and how do I go about paring down?
• When does my credit card have to help me? An unfamiliar charge appeared on my credit card bill recently, and I called my credit card company for help. They issued a temporary credit and, when it was determined I'd been billed erroneously, removed the charge. Do all all credit cards offer this service, and do they set any limits?
• So-called protection schemes bilk consumers out of millions. Chris Weddle, a college student with just one credit card, had received numerous calls from telemarketers offering plans that would supposedly protect him from being held liable for charges he did not make.
• What to look for when you shop for a credit card. The main thing you need to do is to figure out what kind of credit card user you are, which comes down to whether you carry a balance or pay your bill in full each month.
• Law calls for card issuers to clearly disclose rates. You've seen the enticingly low "teaser" rates on envelopes offering new credit card accounts. But how long do the rates last, and what higher rates will replace them?
• Credit card marketing leaving millions burdened with debt, group says. Aggressive marketing by the credit card industry has left millions of Americans saddled with excessive debt this holiday shopping season, a consumer group said Tuesday.
• How much longer will it take to pay off my credit card if I only make the minimum payment? How much longer will it take me to pay off my credit card if I only make the minimum payment each month?
• Are credit cards really under control? It's just not fashionable to say a great many Americans are abusing today's easy credit terms. It's heresy, tantamount to saying that some of those picture-perfect, magazine-style families really aren't good Americans.
• Lessons from going "cold turkey" on credit cards. A southern Pennsylvania community named Cashtown lived up to its name last week.
More than 550 people from the town and surrounding area pledged to go 100 hours without using their credit cards. The back-to-cash experiment was part of a publicity event sponsored by a mortgage company that was also intended as a means of drawing attention to how consumers manage _ and mismanage _ their money.
• Lingering holiday debts could signal need to take a hard look at credit card use. If you're still paying off Christmas debts, it's time to take a hard look at how you're using your credit cards.
Credit Card Calculator
• Credit card payoff Use this calculator to see what it will take to payoff your credit card balance, and what you can change to meet your repayment goals.
• Credit Card Minimum Payment Interest Calculator This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill.
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| ©2005 Lendingtips.com All rights reserved. |
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Lendingtips.com 464 Oak Avenue Naples, FL 34108
Phone (239)877-7835 Fax (239)594-5686
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