Expert: Holiday shopping debt on decline

Posted by administrator | 03/02/13 | Tagged Credit Card Debt

Expert: Holiday shopping debt on declineNews from Standard Speaker:
With the perils of holiday debt, some people are returing to the old standard for shopping – cash.
Careful handling of money during the holidays is something that Terri Stocki, the certified education director at Consumer Credit Counseling Services of Northeastern Pennsylvania, says is becoming more common. Calls to the center for help with holiday debt have been on the decline in recent years, she said.
In previous years, Stocki said calls came streaming in during this time of the year from people who spent a bit more […] Continue Reading…

Sonoma County auditors to target employee credit card use

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

Sonoma County auditors to target employee credit card useNews from Santa Rosa Press Democrat:
Published: Friday, February 1, 2013 at 3:00 a.m.
Last Modified: Friday, February 1, 2013 at 9:22 p.m.

The plan includes a call for improved “internal controls” on who gets county-issued credit cards and how they are used.
It also spells out existing and new checks to detect when the use is improper, and when they are detected, steps to make sure taxpayers are reimbursed.
The plan comes before the Board of Supervisors on Tuesday, five days after county officials responded to a Press Democrat public […] Continue Reading…

Will it Cost You More to Use Your Credit Card?

Posted by administrator | 30/01/13 | Tagged Credit Card

Will it Cost You More to Use Your Credit Card?News from Fox Business:
This transcript is automatically generated
A — depending on where you live it may cost you more he’s your credit card as a result of the settlement between peace in NASCAR in the retail industry.
Merchants in forty states are now allowed to add a surcharge of up to 4% of your entire purchase.
The National Retail Federation says allowing these so called — cause irreparable harm to retailers especially smaller ones.
— and RF senior vice president General Counsel Mallory Duncan says the concept that […] Continue Reading…

Customers charged for credit card use

Posted by administrator | 29/01/13 | Tagged Credit Card

Customers charged for credit card useNews from KFDA:

Amarillo, Texas – Retailers are now allowed to charge extra fees for credit card use.
As of Sunday, store owners in most states will be able to charge shoppers a surcharge of up to three percent of the bill for using a credit card.
But ten states are already banning the extra charge, including Texas and Oklahoma.
If retailers do impose the fee, they are required to notify customers at the store entrance and at the point of sale.

…………… continues on KFDA
… Read the full […] Continue Reading…

The Best Payment Method to Use to Settle a Credit Card Debt

Posted by administrator | 28/01/13 | Tagged Credit Card

The Best Payment Method to Use to Settle a Credit Card DebtNews from Opposing Views:

by Mack Mitzsheva

Pay your debts on time to avoid additional interest and fees.
Hemera Technologies/ Images

A credit card lender may offer you the opportunity to “settle” your credit card bill. Settle means you pay less than you owe on the debt. This can help you take care of the bill while keeping more of your money in your own pocket. The best payment method to use will depend upon your personal preferences — but no matter which method you choose, when […] Continue Reading…

Nonprofit’s credit card use also subject of police investigationNews from Sioux City Journal:
SIOUX CITY | An investigation into questionable credit card purchases by two employees of a before- and after-school program has prompted policy changes at the nonprofit agency that runs the program, the director said Friday.
Matt Ohman, interim executive director of Siouxland Human Investment Partnership, would not elaborate on the changes but said SHIP will alter the way agency credit cards are used.
Sioux City police are conducting an “open financial investigation” after a routine audit by SHIP found questionable credit card transactions traced […] Continue Reading…

Will there be a surcharge to use a credit card? It depends on who you askNews from
CLEVELAND – There is a lot of debate about “checkout fees” or a surcharge if you use a credit card for a purchase.
Stores will be allowed to do this starting Sunday, but the National Retail Federation says it’s just credit card propaganda and it’s unlikely consumers will be hit with the fees. In the weekly money-saving segment, Joe Daugirdas aka Joe the Coupon Guy discussed the issue.
Daugirdas said he thinks it would turn customers away from a […] Continue Reading…

Credit Card Debt: Study Predicts Millions Will Die In The RedNews from Huffington Post:

Millions of young Americans will die in debt to credit card companies, according to new research from Ohio State.

People in their late 20s and early 30s (born 1980 to 1984) carry significantly higher credit card debt than older generations and pay it off more slowly, the study found. They have about $ 5,700 more than people born 1950 to 1954, and […] Continue Reading…

Credit card debt: from ‘revolver’ to ‘transactor’

Posted by administrator | 21/01/13 | Tagged Credit Card

Credit card debt: from ‘revolver’ to ‘transactor’News from Adelaide Now:

Credit Card Users Luke Sands and Marta Sliwinska use different approaches to avoid debt. Picture: Philip Norrish Source: National Features

PLASTIC users are a divided bunch. In banking terms, they are usually split into one of two groups: either “transactors” or “revolvers”.

The latter is a financial institution’s preferred customer, with these cardholders only making minimum monthly repayments on their bill and, consequently, paying hefty amounts in interest.
NAB’s acting general manager of cards and personal loans, David Berry, says the majority of credit card users […] Continue Reading…

Unauthorized Spending Reported in Rye

Posted by administrator | 19/01/13 | Tagged Credit Card

Unauthorized Spending Reported in RyeNews from
Rye police received three separate reports of credit cards and personal information being illegally used.
– On Jan. 10 at 8:56 p.m., police received a complaint that 11 cell phones were purchased using a man’s personal information, including his social security member. 
– On Jan. 11 at 9:31 a.m., a woman reported her card was used in Buffalo without authorization at a Walmart. She was notified by local police there, who made an arrest.
– On Jan. 12 at 2:22 p.m., a Rye resident reported credit card fraud related to a Kohl’s […] Continue Reading…

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