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Basic Credit Card Information |
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Avoiding Credit Card Fraud |
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Credit and charge card fraud costs cardholders and issuers hundreds of millions of dollars each year. While theft is the most obvious form of fraud, it can occur in other ways. For example, someone may use your card number without your knowledge.
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Building a Better Credit Record |
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If you've ever applied for a credit card, a personal loan, or insurance, there's a file about you. This file is known as your credit report. It is chock full of information on where you live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy. Consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses with a legitimate need for it. They use the information to evaluate your applications for credit, insurance, employment, or a lease.
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Choosing and Using Credit Cards |
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Chances are you've gotten your share of "pre-approved" credit card offers in the mail, some with low introductory rates and other perks. Many of these solicitations urge you to accept "before the offer expires." Before you accept, shop around to get the best deal.
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Credit 101 |
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Being out on your own can be fun and exciting, but it also means taking on new financial responsibilities. The decisions you make now about how you manage your finances and borrow money will affect you in the future?for better or worse.
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Credit and Your Consumer Rights |
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A good credit rating is very important. Businesses inspect your credit history when they evaluate your applications for credit, insurance, employment, and even leases. They can use it when they choose to give or deny you credit or insurance, provided you receive fair and equal treatment. Sometimes, things happen that can cause credit problems: a temporary loss of income, an illness, even a computer error. Solving credit problems may take time and patience, but it doesn?t have to be an ordeal.
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Credit Card Loss Protection Offers |
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Don't buy the pitch - and don't buy the "loss protection" insurance. Telephone scam artists are lying to get people to buy worthless credit card loss protection and insurance programs. If you didn't authorize a charge, don't pay it. Follow your credit card issuer's procedures for disputing charges you haven't authorized. According to the Federal Trade Commission, your liability for unauthorized charges is limited to $50.
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Credit Card Purchase Protection |
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Most major credit card companies provide their credit card holders a purchase protection insurance for free, as an included members benefit of using their particular credit card. The competition in the credit card and financial lender areas become more fierce, creditors are deploying many different strategies in order to gain and retain loyal credit card customers. Purchase protection insurance is one of the many benefits a credit card company will offer that their leading competitors do not. Credit card companies do this in an effort to gain new customers and keep their existing customers so that they don't switch to a competitors credit card company. With the competition in the credit card and financial lender area being so fierce it is very difficult for creditors to retain their customers when every other month there is a new company offering a 0% balance transfer option to all new account holders.
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Dirty Tricks Credit Card Companies Play |
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Credit card companies make billions of dollars each year in legitimate interest charges and card holder fees, but are generally under constant pressure from the shareholders to increase their share holder earnings. To make the extra money for the shareholders the credit card companies sometime adopt some dirty tricks to make this profit. The credit card industry is becoming more competitive and less money is being earned from each client card holder from the interest charges these credit card holders produce and the number of dirty tricks used start to increase. If you are a credit card holder then you need to protect yourself against these unscrupulous procedures that literally steal your hard earned money.
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Dispute a Credit Card Billing Error |
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So, just what do you do when you get a credit card bill but no merchandise? Get frustrated, to be sure.
But the error can be corrected. The Fair Credit Billing Act (FCBA) and the Mail or Telephone Order Merchandise Rule offer protections and procedures for consumers so they don't have to pay for merchandise they ordered but never received.
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Fair Credit Billing |
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Have you ever been billed for merchandise you returned or never received? Has your credit card company ever charged you twice for the same item or failed to credit a payment to your account? While frustrating, these errors can be corrected. It takes a little patience and knowledge of the dispute settlement procedures provided by the Fair Credit Billing Act (FCBA).
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Out of Work? How to Deal with Creditors |
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It's become an all-too-familiar headline and lead story - job cuts, dot.com failures, corporate restructuring and lay-offs.
If you've recently lost your job, your first thoughts may be, "how will I make ends meet." Money matters are a source of stress and frustration for many people. The Federal Trade Commission (FTC) publishes free brochures spelling out your rights when it comes to fair debt collection and credit reporting practices.
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Signature Loans |
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Signature loans are different from traditional forms of loan borrowing which requires collateral to be placed as the guarantee of the loan amount borrowed. Signature loans are provided entirely on the receipt of a signed activation letter. Therefore, you do not need, nor are you required to have a co-signer or collateral on a signature loan. Signature loans also have another name for them - character loans.
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What To Do When Your Credit Card is Lost or Stolen |
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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.
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Identity Theft |
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Watch Out For Internet Identity Theft |
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There are many Web sites on the Internet setup solely as a guise to steal unsuspecting victims information that they may enter into their Web site(s). Many of these Web sites look perfectly legitimate upon first viewing.
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What is Identity Theft? |
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Identity theft is when someone uses your personal identifying information to commit fraud or theft, portraying themselves as the victim using the stolen personal information to illegally open various credit card accounts in the victims name.
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What to do if a victim of ID Theft and ID Fraud |
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If you think you may be a victim of ID Theft, it is strongly recommended that you check your credit reports from all 3 national credit bureaus -Equifax, Experian and Trans Union. Review your credit report, and if you spot any unusual activity or inquiries not authorized by you.
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Credit Reports & Scoring |
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Free Credit Reports Under Law |
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Under The Fair Credit Reporting Act (FCRA), consumers have a right to a free credit report on themselves only in certain circumstances. The most common circumstance is when you have been denied for credit in the last 60 days based on information in your credit report. If you have been denied credit in your state, you can obtain a free credit report within 60 days after denial of credit.
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How Was Credit Scoring Developed? |
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To develop a credit score model, a creditor first selects a random sample of it's customer base, or a sample of a similar customer base if their customer base is not large enough to derive adequate gauging data. The credit score model will then analyze it's customer base statistically to identify characteristics that can then be related to creditworthiness based on averages of it's current customer base. Then, each of these derived factors are then assigned a scoring weight value based on how strong a predictor it is of who may be a credit risk and who may not a credit risk. Creditor will often use their own credit scoring model with different scoring weight models for different types of credit lines.
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What Is Credit Scoring? |
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Credit scoring is a calculative system creditors use to help them determine whether or not they should give you a credit loan. Information about you and your credit payment history, such as your bill-paying history, the number and type of accounts you have, late payments, collection actions, outstanding debt, and the age of your credit accounts, is collected from your credit application and your credit report.
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Why is Credit Scoring used? |
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Credit scoring is based on real data and statistics, with this said, it usually far more reliable than subjective or other judgmental methods of determining a credit loan borrowers credit score value. Credit scoring treats all applicants objectively and judgmental scoring methods typically rely on criteria that are not systematically tested and can vary when applied to different credit loan borrowers and can be subjective.
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Students |
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sachin_test |
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Short Description
To troubleshoot your connection problem, you will need to know your computer's IP address. To determine the IP address of your computer, perform the following procedure below that corresponds to the version of the operating system for the type of computer that you have.
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Student Loan & The Federal Loan Consolidation Program |
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On February 8, 2006, President Bush signed into law a budget reconciliation bill that will greatly impact your student loans as a student or a graduate. The interest rate on new student loans (Federal Stafford Loans) taken out after July 1, 2006 will be at a fixed rate of 6.8%. Student loans taken out prior to that date will remain at a variable rate.
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