Teaching your children early on how to build credit and how to protect it is essential to the success of their financial future. First, parents should get a credit card for each child (the earlier the better). That does not mean you give the child the credit card, but you should occasionally (once a month) [...]
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Children are increasingly falling victim to identity theft, and families are largely unaware their children have been offended. Children continue to be victimized for years until as a young adult, they are denied services when seeking credit to pay for college or a car loan, applying for a job, or trying to get a drivers’ [...]
Debt collectors are often liars and cheaters. They can take advantage of every loophole possible and even break the law. There are laws in place to contain their harassment and collection efforts and to make this process more civil, but most figure the risk of getting caught is minimal and that the rewards of endlessly [...]
Today’s signing of a bill to protect consumers from cheap credit card practices is hopefully the beginning of debt relief for many Americans:
WASHINGTON – President Barack Obama warned overeager shoppers and greedy credit card companies alike on Friday to act responsibly as he signed into law a bill designed to protect debt-ridden consumers from surprise charges.
The White House staged [...]
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If you find yourself falling behind on your credit card, loans, and/or mortgage payments, you may want to take some immediate steps to avoid filing bankruptcy.
Many people are overwhelmed by credit card debts. Never mind how you got yourself in over your head with credit card spending; the real issue for you now is to figure [...]
If you find yourself in financial ruin and are facing numerous attempts of collection by debt agents, remember that federal and state laws regulate debt collection. These laws give you certain rights in dealing with bill collectors.
The most important thing to do to protect your rights is to do all your business with bill collectors [...]
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You’ve heard the saying “desperate times call for desperate measures.” Economic pressures are turning people into criminals. What is known about crime and the economy is that, as a generalisation, as unemployment increases it coincides with a small average increase in burglaries, homicide, robbery and theft. People are breaking into houses and cars, taking anything of value [...]
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It seems that the government bail out has been put into action prematurely. Why would you bail out credit card companies and then allow the company rescued by tax payers to then turn around and create more of a problem for consumers holding credit card debt?
Lawmakers in congress should have passed laws with new protections [...]
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Do you like to protect your personal well being, finances and property? Follow these steps to protect yourself as a consumer:
-Never sign a contract or document without thoroughly reading it first. Even if the document directly pertains to another person, you could be affected somehow once you sign your name. If the person giving you [...]
What steps have you taken to keep your financial information and personal records confidential? You may be surprised to learn how many honest -— and dishonest -— people could have access to the details of your financial life.
If you want to maintain better control over your privacy, consider these tips on how to safeguard your [...]
