8 Student Credit Card Do’s and Don’ts

Posted by administrator | 03/09/11 | Tagged Credit Card

8 Student Credit Card Do’s and Don’ts
News from Credit Card Guide News:

Heading off to college and considering a student credit card?

There are many reasons to be cautious — particularly when you’re on a limited income. However, once you graduate, it will be much harder to get accepted for your first credit card, say experts, so it’s a good idea to start with one now if you can.

“When beginning post-college life, it will be a great help to already have established a responsible credit track record,” said Gail Cunningham, Vice President of Public Relations at the National Foundation for Credit Counseling in an email. “For someone with no credit history [after college], even seemingly small steps, such as obtaining a credit card can be difficult, not to speak of buying a car or a house. [Without a credit history,] you may have trouble turning your dreams into reality.”

However, credit cards can quickly lead to financial disaster if you’re not careful, so it pays to be…………… continues on Credit Card Guide News
… Read the full article
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Police Ask for Public’s Help in Credit Card Theft
News from Patch.com:

Anne Arundel County Police are asking for the public’s help in solving a crime that involved the use of a stolen credit card at various locations in Severna Park and Pasadena.

Police were called on Thursday, Aug. 18, for a report of credit card fraud and theft. Officers learned that the victim lost her credit card in the parking lot of the CVS/pharmacy at 28 Magothy Beach Rd. in Pasadena.

Police believe that the card was picked up by suspects and used at several area stores to make purchases.

Video surveillance photos of the suspects making purchases at Harbor Liquor on Benfield Road in Severna Park accompany this story.

Police describe the five suspects as:

  1. White man, late teens/early 20s, wearing a red T-shirt and khaki shorts.
  2. White man, late teens early 20s, wearing a white T-shirt and dark shorts.
  3. White man, early 20s, green “John Deere” hat, white T-shirt…………… continues on Patch.com

… Read the full article


Debt After Death: Banks Chase Down Mourners

Posted by administrator | 03/09/11 | Tagged Credit Card Debt

Debt After Death: Banks Chase Down Mourners
News from WISC Madison:
Nobody wants to remember a deceased family member by the debt they left behind, but many creditors certainly make it difficult to forget.Denise Townley was appalled when she received a letter from her mother’s credit card issuer less than two weeks after her mother passed away.”We have recently learned that [your mother], a valued Discover Card customer, has passed away. Please accept our sincere apologies,” stated the letter from Discover, which Townley sent to CNNMoney.It then offered her or another family member the “opportunity” to assume the balance on her mother’s credit card and offered a special introductory APR of 0% for the first six months (the APR would increase to 13.24% after that). If Townley wasn’t interested in taking over the account, then the bank wished to discuss how the estate planned to pay off her mother’s credit card balance. Confessions of former debt collectors “I find this not only ethically abhorrent,…………… continues on WISC Madison
… Read the full article
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Back-to-School 2011: A Concert for Credit Card Debt
News from MainStreet:

NEW YORK (MainStreet) — When the smoke settled on the recent debt ceiling debate, government-backed loans to college students lay, battle-scarred, as part of the collateral damage.

While the lawmakers congratulated themselves on increasing the funding for Pell Grants, the number of students qualifying to receive government-backed student loans was greatly reduced and those who do qualify will no longer have the interest deferred while they are in school. Instead, they will find themselves owing accrued interest, to be paid upon graduation.

This new development only exacerbates an already foreboding
… Read the full article


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