We ran his credit report and now the work really begins. It’s time to clean it up. There are a number of different problems with it, from fraudulent use of his name, Social Security Number, creation of a new identity using his old address and of course the big problem, unpaid items of credit, whether it was a fast cash item or credit card. “How did this happen?” he wonders.
In about one second, they were able to use a Samsung Galaxy SIII and an app that shall remain nameless to do the deed. Information like the card number, expiration date and name was quickly stolen with a simple walk by.
According to the ACLU: “The sad truth is that debtors’ prisons are flourishing today, more than two decades after the Supreme Court prohibited imprisoning those who are too poor to pay their legal debts. In this era of shrinking budgets, state and local governments have turned aggressively to using the threat and reality of imprisonment to squeeze revenue out of the poorest defendants who appear in their courts.”
There’s nothing wrong with teaching your teen how to build and use credit responsibly, but if you’re going to pick up a piece of plastic for your kid these days, you need to be extra-vigilant about how they use it. Why? Because credit card theft has changed since you were a kid.
Passwords are important. If you want to protect your identity, your credit rating, and your personal security, you should learn how to create good passwords. This will help you avoid the pitfalls most people fall into.
Isn’t receiving an unsolicited credit card against the many credit card laws that are meant to protect consumers? Apparently not, it is one loophole that some stores and credit card companies can use to further promote their credit card services.
Will this smart chip technology be coming to the U.S.?
Your 5 year old could have their information used for identity theft and no one would even know it until he or she applies for student loans. . .
he looks at his statement and was shocked to discover that out of $270 he’d sent in the prior month, only $36 had been applied toward the principle. . .
“Resolved, That the bill from the House of Representatives (H.R. 4173) entitled ‘An Act to provide for financial regulatory reform, to protect consumers and investors, to enhance Federal understanding of insurance issues, to regulate the over-the-counter derivatives markets, and for other purposes,’ do pass with the following …” That is how the bill known as H.R. 4173 begins. It …