Procedure for Credit Card Debt Validation

Posted by administrator | 28/12/12 | Tagged Credit Card Debt

Procedure for Credit Card Debt Validation
News from Opposing Views:

by Mandy Mitzsheva

Credit card debt can build up quickly.

Comstock/Comstock/Getty Images

Unpaid credit card debt can haunt you for a long time. The original creditor may try to collect the money from you. If this isn’t successful, the creditor may hire a collection agency. As a debtor, you do have rights. The collection agency must verify a debt, if you request that it do so. The Fair Debt Collection Practices Act outlines the procedure you can use to obtain this verification.

Fair Debt Collection Practices Act

The Fair Debt Collection Practices Act governs consumer debt collection. Some consumers confuse the terms “validation” and “verification.” Under the FDCPA, each term has a distinct meaning. The FDCPA requires a collection agency to send you a written “validation notice” within five days after it first contacts you. This notice specifies the name of the creditor a…………… continues on Opposing Views

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Regrets about holiday spending? Change that now
News from Cache Valley Daily:

SALT LAKE CITY – While the flurry of holiday spending may be good for the economy, it can prove to be exactly the opposite for an individual or family struggling to pay for necessities. In response to a new survey, one in four people said they’ll need more than three months to pay off what they charged as holiday expenses.

Melody Bell, executive director of Financial Beginnings, a nonprofit group that teaches money-management skills, says a new year means a new chance to get on track with a monthly budget, which starts by defining financial goals for the year.

“It’s such a hassle sometimes writing out the budget. But really, statistic after statistic has shown that we are more likely to achieve our goals if we write out a plan. And it’s not enough to just say, ‘I resolve to have no debt this year.'”

In another pre-holiday survey from the American Research Group (ARG), people said they’d spend an average of about $ 850 t…………… continues on Cache Valley Daily

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Paramus Police Respond To Fraudulent Credit Card Use

Posted by administrator | 28/12/12 | Tagged Credit Card

Paramus Police Respond To Fraudulent Credit Card Use
News from ParamusPost.com:

By Mel Fabrikant    Thursday, December 27, 2012, 04:49 PM EST   

On 12/26/12 at 4:45pm Det. Glenn Pagano and P.O. Jack Cacamis responded to Ross Simon at the Garden State Plaza in reference to attempted use of a fraudulent credit card. Upon arrival officers confirmed the attempted purchase of merchandise in excess of $ 5000.00 by the use of a fraudulent credit card.

Akisha Charles

The suspect, identified as 32 year old Akisha Charles of Brooklyn NY, was placed under arrest by officers and transported to Paramus Police Headquarters. Further investigation by Det. Pagano revealed that Ms. Charles was in possession of several fraudulent credit cards. She was charged with fraudulent use and possession of fraudulent credit cards. She was later released pending court appearance.

Lt. John Scully #346
Operations Division Commander
Paramus Police Department
1 Carlough Drive
Paramus, NJ 07652
201-262-3400 Ext. 346

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10 Credit Card Tips for 2013
News from ABC News:

It’s time for new beginnings, and perhaps that means a new credit card. Finding a good card — and managing it well — can boost your buying power and credit score. But be careful. Misusing your credit could turn 2013 into a costly year. Here are 10 tips for getting the right card.

Tip 1: Know your credit The state of your credit will determine what card you can get. If you have good to great credit (FICO score of 720 and above), you’ll likely qualify for numerous rewards cards that cater to your personal tastes. There are rewards cards for hotels, airlines and gas stations. Others will give you cash back. Those with decent credit (620 to 720 FICO credit score) may need to stick with a plain-vanilla credit card with no annual fee. For those with no credit or blemished credit (FICO credit score below 620), a secured credit card may be your only option. Secured cards require an upfront deposit to serve as collateral against the credit limit.

Tip 2: Read the fine print It may not be the most thrilling read, but the details of a credit card’s agreement will help you differentiate it from others. The terms and conditions are usually posted on an issuer’s website, so you can read them before you apply. The agreement gives the annual percentage rate, or APR, for purchases, balance transfers and cash advances. It also will tell you about late fe…………… continues on ABC News

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