More baby boomers facing credit-card quandary

Posted by administrator | 24/02/13 | Tagged Credit Card Debt

More baby boomers facing credit-card quandaryNews from NBCNews.com:
Sandy Harsh never expected to find herself with $ 16,800 in credit-card debt and her retirement dreams drifting farther away.
Harsh, an IT professional from Tuscola, Illinois, is 62, around the age at which a lot of people start actively planning to retire to a white-sandy beach with a frozen margarita in hand.
Harsh’s debt snuck up on her as she helped her two daughters with college and living costs. She went back to school after a divorce and dealt with unexpected expenses such as big dental bills. […] Continue Reading…

ODU class warns students about credit card use

Posted by administrator | 23/02/13 | Tagged Credit Card

ODU class warns students about credit card useNews from The Virginian-Pilot:By Philip Walzer
The Virginian-Pilot
© February 23, 2013
It seemed like a wise financial move at the time.
Two year ago, Gelila Mengesha, then 18, came upon a way to save money buying a $ 1,500 laptop. She got a credit card, paid $ 800 for the computer and used the $ 700 credit maximum on the card to cover the rest.
She had a part-time job, but she gave it up to focus on her studies at Old Dominion University in Norfolk. She couldn’t […] Continue Reading…

All you need to know to apply for a credit card

Posted by administrator | 22/02/13 | Tagged Credit Card

All you need to know to apply for a credit cardNews from spyghana.com:

Applying for any financial product for the first time can be a confusing and difficult experience, and it’s no different when you apply for a credit card. The majority of applicants will have no problem being accepted, but only if they properly understand the application process.
Step 1 – Choose the right credit card for you
It is important to choose the right credit card. The key thing you should be looking for is low interest rates, but you may also want to look […] Continue Reading…

New retirement hurdle: Credit card debt

Posted by administrator | 22/02/13 | Tagged Credit Card Debt

New retirement hurdle: Credit card debtNews from MSN Money:
This post comes from Matthew Heimer at partner site MarketWatch.

It’s long been a mantra of retirement planning: No mortgage, no debt, no problem. But the combination of rising health care and housing costs, flattening wages and the recent crash and recession has made that goal harder to attain.

Over the last two decades, the share of people reaching retirement with mortgage debt has steadily risen. And according to a new report by the research and advocacy group Demos and the AARP Public Policy Institute (.pdf file), the […] Continue Reading…

Use of fraudulent credit cards ‘becoming fairly common’

Posted by administrator | 21/02/13 | Tagged Credit Card

Use of fraudulent credit cards ‘becoming fairly common’News from Gainesville Sun:
Published: Thursday, February 14, 2013 at 9:00 p.m.
Last Modified: Thursday, February 14, 2013 at 9:00 p.m.

Last week, two men from Tampa tried to use fake credit cards to buy $ 400 worth of gift cards from a Walgreens in Gainesville. After they were denied, and the manager alerted police, Edel Gomez, 25, and Yuneski Perdomo, 31, were arrested in a vehicle near the store.

Gainesville police officers charged Gomez with fraudulent use of a credit card, trafficking in counterfeit credit cards and scheme to […] Continue Reading…

Is your credit card at risk?

Posted by administrator | 20/02/13 | Tagged Credit Card

Is your credit card at risk?News from Economic Times:
Namrata Dadwal, ET Bureau Feb 18, 2013, 08.00AM IST

(Card frauds are on the rise.…)

Who is your greatest financial foe? The corrupt agent, the con artist or a complacent you? Surprised to see yourself in the list? Don’t be. The truth is that sometimes our own ignorance or negligence leaves a door ajar to our financial lives, an opportunity that a hacker or fraudster is lying in wait to get through to raid us. One of the most susceptible instruments is credit cards and the way we […] Continue Reading…

Wake up and watch those credit cards, financial officers warnNews from Longview Daily News:
Credit Card Advice
Here are some tips for keeping your debit card safe, thanks to the financial website investopedia.com.
• Check your bank statements often for suspicious transactions.
• Protect your PIN number by giving it out to no one, and don’t keep it in your purse or wallet.
• Only use bank ATM’s. Security measures are taken at banks to avoid the placement of “skimmers.” But other cash machines in public locations can be tampered with, allowing thieves to get ahold of your information and rob you.
• Don’t […] Continue Reading…

FORMER GOLDMAN BANKER: You Should Know The Ugly Math Behind Your …News from Business Insider:

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[…] Continue Reading…

Credit card use brings probation

Posted by administrator | 17/02/13 | Tagged Credit Card

Credit card use brings probationNews from Champaign/Urbana News-Gazette:
URBANA — A Chicago man who admitted using fake credit cards to obtain goods from a Champaign store has been sentenced to probation.
Judge Harry Clem on Thursday sentenced Charles Tucker, 27, to 30 months of probation and 50 hours of public service.
Tucker pleaded guilty in December to unlawful use of credit card, admitting that on Dec. 30, 2011, that he was with two other men who were in the Walmart store on North Prospect Avenue using credit cards to obtain an iPad and gift cards totaling more […] Continue Reading…

Man arrested for fraudulent use of credit card

Posted by administrator | 16/02/13 | Tagged Credit Card

Man arrested for fraudulent use of credit cardNews from Gadsden Times:

Times Staff Report

Published: Thursday, February 14, 2013 at 1:54 p.m.
Last Modified: Thursday, February 14, 2013 at 1:54 p.m.

A Gadsden man was arrested Wednesday on three felony warrants for fraudulent use of a credit or debit card, according to a news release from the Gadsden Police Department.

David Yarbrough, 38, is in the Etowah County Detention Center on a $ 7,500 bond.
According to the release, an elderly woman believed Yarbrough stole her checkbook and forged her signature on at least two different checks between October […] Continue Reading…

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