Crouse, 56, a Maryland resident, is a victim of identity theft. In less than six months, his name and account number had been used to rack up unauthorized transactions amounting to $900,000. He has since been trying to clear up his name and jack up his sagging credit standing, spending $100,000 in the process.
Previously, Crouse held a high paying job at a construction company and was financially comfortable. He frequented online retail stores, auctioned items at eBay and used his ATM card liberally. Th
Full article…
Verdict: The Capital One Venture One Rewards card is beautiful in its simplicity. Get a zero % APR until April 2011, no annual fee, and 1.25 X miles per dollar on all purchases. This card for people with excellent credit is definitely worth looking into.
Overview: The little brother to Capital One’s new “luxury” travel rewards card, the Venture, the Venture One offers slightly fewer miles per purchase (1.25 miles for each dollar, rather than 2), but carries a slightly lower interest rate and no annual fee. As wi
Full article…
Average Americans aren’t the only ones struggling with credit card debt. At least one celebrity is facing their own credit woes. Several sites report that young starlet Lindsay Lohan has more than half a million in credit card debt. Apparently, she hasn’t had a hit film since the 2004′s Mean Girls and she hasn’t been getting paid as much for club appearances, her other bread-and-butter. If she doesn’t have the money to pay her credit card bills, Lindsay may consider filing bankruptcy to avoid lawsuits from her creditors.
Articles on Bankruptcy:
- How to Avoid Bankruptcy
- Should You File Bankruptcy?
- Have You Ever Filed Bankruptcy?
Full article…
Make sure you get a secured credit card by coming up with a unique PIN number that is hard to crack. PIN stands for personal identification number. It is used to make electronic transactions very secure. Only those who know the PIN number of an account can use it to withdraw cash or for various online purchases.
Thus, a PIN number is so important to a secured credit card. If it accidentally leaks to people you do not know, they might take advantage of it to buy items on credit which will all end up to your bill.
Full article…
Despite consumer confidence rising, many Australians remain reluctant to use their credit cards, it has been claimed.
Recent figures from the Reserve Bank of Australia showed that the total value of transactions on credit and charge cards rose 6.05 per cent in February 2010, while the average credit card balance increased by 3.29 per cent compared with the same month last year.
The growth of spending on debit cards rose at a higher rate than spending on credit cards, suggesting that people are more willing to spend cash they know they have in the bank rather than borrowing.
Speaking to the Herald Sun, Commsec chief economist Craig James said: “When you have a look at the average credit card balance, it does seem as though there is a bit more confidence creeping in.
“The balances are starting to rise on a smooth basis, on a 12-month average, but consumers are still very cautious.”
However, in some cases, customers could find that using a credit card saves them cash.
Full article…
— Kyle King @ 7:49 pm — 
April 21, 2010