Consumer issues with credit card issuers laid out in report
News from Debtmerica Relief:

Thousands of complaints have been officially provided by consumers to the Consumer Financial Protection Bureau, which released a report detailing specific credit problems they have had when speaking with issuers.

According to the CFPB’s analysis, billing disputes were the most complained about to the agency. The report shows 681 complaints, or 13.1 percent of all complaints, were filed about issues with billing.

Additionally, 556 complaints were directed at annual percentage or interest rates, while 546 grievances were issued regarding identity theft, fraud or embezzlement – both of which accounted for more than 10 percent of the total number of complaints submitted.

“After careful analysis, the bureau will determine how best to address these issues through a variety of…………… continues on Debtmerica Relief

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Is Consolidation an Option for Credit Card Debt?
News from Fox Business:

Dear Debt Adviser,
I have around $ 17,000 in credit card debt and an unsecured personal loan. Two of the cards have high interest, 29%, while the other two cards are at 13%. The interest on the loan is 17%. My available credit on the lower-APR cards isn’t high enough to consolidate onto one card. I am considering going to a
debt consolidation company to help reduce my monthly payments, which are increasingly hard to pay. I’d like a second opinion. What would you suggest?
— Kevin

Dear Kevin,
Debt consolidation isn’t right for everyone. That’s not to say it isn’t for you, but before I can give you an opinion, I need to ask you a couple of questions. First, have you stopped using your credit cards? If you are still using credit, it…………… continues on Fox Business

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Farmington woman indicted on credit card fraud charge

Posted by administrator | 03/12/11 | Tagged Credit Card

Farmington woman indicted on credit card fraud charge
News from Foster’s Daily Democrat:

ROCHESTER — A Farmington woman was indicted recently on a fraudulent use of a credit card charge, after she allegedly used another person’s credit card to make online purchases for several months.

Ami Marshall, 35, of 6 Smith Court, was indicted on the Class B felony charge on Nov. 17 by a grand jury.

The indictment alleges that Marshall used another person’s TD Bank credit card to make more than $ 1,500 worth of online purchases through unauthorized use, between April 1, 2010 and June 13, 2010.

According to Rochester Police Capt. Scott Dumas, although most of the unauthorized purchases were made online, purchases were made from local businesses with the credit card as well.

He said the alleged credit card fraud was brought to the police’s attention by the alleged victim, who appears to be related to Marshall.

Marshall was arrested for fraudulent use of a credit card on Sep. 1, 2011, after an investigation that lasted about a y…………… continues on Foster’s Daily Democrat

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Heather Yakin: Be cautious as ID theft rises, gets more refined
News from Times Herald-Record:

Published: 2:00 AM – 12/03/11
Last updated: 7:15 AM – 12/03/11

Happy holidays. Watch your wallet.

Identity theft hit 8.6 million households in 2010, according to a report issued a few days ago by the federal Bureau of Justice Statistics, and a big chunk of the rise in ID theft over the past several years is the misappropriation of credit card accounts.

The misuse of existing credit card accounts made up 54 percent of identity theft victimizations, according to BJS.

Our increasingly tech-oriented world is presenting new and interesting ways for criminals to swipe data. The golden oldies are still there — crooked employees who skim card data or download customer credit files, scroungers who pilfer mail or discarded receipts — but computer- and smartpho…………… continues on Times Herald-Record

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