Personal Finance Blog - Spreading Financial Independence. Guest Bloggers Are Welcome

Guest Bloggers Are Welcome

Credit Card Loss Protection Offers: They're the Real Steal

By: Peter Suhai Banking Views: 3666 | Comments: 0 | Votes: 0

"I got a call from a woman who said I need credit card loss protection insurance. I thought there was a law that limited my liability to $50 for unauthorized charges. But she said the law had changed and that now, people are liable for all unauthorized charges on their account. Is that true?" Don't buy the pitch - and don't buy the "loss protection" insurance. and abroad. More

Credit Card Traps

By: Academix Banking Views: 3905 | Comments: 0 | Votes: 0

One pitfall of credit cards is the cash advance. Most credit cards will issue you a Personal Identification Number (PIN) so that you can withdraw cash at any ATM, just like a debit or bank card. Although the convenience is great, so is the cost. Cash advances from credit cards rarely, if ever, have a repayment grace period. They only read the minimum payment due, and maybe the balance. More

Correcting Credit Reports

By: Art Of Saving Banking Views: 6260 | Comments: 0 | Votes: 0

It is very important to get a copy of your credit report from each of the three major credit bureaus at least once a year to check for any errors. Errors on credit reports are common, but can usually be corrected fairly easily without seeking outside help. Make sure you keep a copy for your records. Agencies are required by law to respond to your inquiry within 30 days. Address. More

Fair Debt Collection

By: Frugal World Banking Views: 4473 | Comments: 0 | Votes: 0

If you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a "debtor." If you fall behind in repaying your creditors, or an error is made on your accounts, you may be contacted by a "debt collector." Of course, the law does not erase any legitimate debt you owe. What debts are covered? Personal, family, and household debts are covered under the Act. More