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Tag Archives: credit cards

Credit Card Fraud Protection in Australia, UK and the US

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In Australia, United States and United Kingdom, credit card use appears much the same. The names are familiar – Amex, MasterCard and Visa are the dominant players in all three markets. But the card issuers responsibilities to consumers aren’t quite equal. While U.K .and U.S. consumer protection schemes have convened into a general code for credit card users across the ... Read More »

The Future of Credit Cards

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The Future of Credit Cards (via Credit.com) At a recent conference devoted to travel and credit card rewards, executives from Chase, Barclaycard, US Bank, Capital One and American Express were on hand to share their views on the future of credit cards — and there was a broad consensus on where the industry is going in the next few years. ... Read More »

University of Georgia Ph.D. Student Sentenced For Fraud And Identity Theft

In early December, Carlton Lewis, a former Ph.D. student was sentenced to 70 months in prison for his role in an identity theft and credit card fraud conspiracy. Throughout the conspiracy, Lewis, who was enrolled as a Ph.D. student at the University of Georgia, provided credit and debit card skimming devices to waitresses working in restaurants across the southeastern United ... Read More »

East Coast Credit Card Fraud Ringleader Gets 12 Years In Prison

An identity thief was sentenced earlier this month to 12 years in prison for managing and east coast credit card fraud ring. Jonathan Oliveras, used counterfeit credit cards encoded with stolen account information up and down the East Coast of the United States and has been sentenced for this crime. In addition to his 12 year prison term, Oliveras must ... Read More »

Retail Store Credit Cards: How Many = Too Many?

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“Would you like to save 10 percent on your purchase today by applying for a retail store credit card?” Does that sound familiar? Just about every major clothing and electronics store has promotion aimed at getting people to sign up for a store-specific credit card. But what you don’t know about retail store credit cards could hurt your wallet and ... Read More »

Couple Faces Serious Jail Time For Their $25 Million Nationwide Telemarketing Fraud Scam

Kara Singleton Adams, from Georgia, was found guilty last week on charges of wire fraud, conspiracy, and structuring financial transactions, relating to a $25 million nationwide telemarketing fraud scheme. Already convicted in this scheme are three co-defendants including Adams’ husband, Jason James Eyer, James Adolph Schoenholz, and Brittany Dunphy. All three pleaded guilty to related charges before Adams’ trial and ... Read More »

I Was Building a New House But the Bank Won’t Give Us What it Appraised For So I Put the Rest on My Credit Cards. – John

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“Dear Damon, Was building a new house.. Went to close on long term loan.. The bank would not give us what it was appraised for. I had to you all saving to not lose the house.. I put the rest on credit cards. I could not keep up with card and all other expenses. I went to debt services company. ... Read More »

Scott Writes Me and Asks For Help – “We Are Behind And Overwhelmed”

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Scott wrote to me at GetOutOfDebt.org and asked me the following question. If you have a question you can visit GetOutOfDebt.org and ask for my free help also. “Dear Steve, We have too many bills and not enough money. We owe $30,000 in debt besides my mortgage. We are behind about 1-2 months are most bills and are overwhelmed. We ... Read More »

Teresa Writes In “I Have Too Many Credit Cards”

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Teresa “Dear Steve, I have too many credit cards. Where do I start to get rid of them? Teresa” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here The Answer   Dear Teresa, Credit cards don’t ... Read More »

Opal Writes In “I’m Worried About Hurting My Credit If I Close Credit Card Accounts”

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Opal “Dear Steve, I have two or three credit card that are debt free. Should I close these accounts since I don’t use them and don’t need but one active card? Would it go against my credit to close these? Opal” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for ... Read More »

This Time I Asked “Do You Think You Are a Failure When You Break Your Budget?”

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Recently I was over on the Finance Your Life blog and asked Doctor S, the blogger there for his opinion on the following question: “Do you become a financial failure when you break the budget just trying to get a bit of fun in your life when everything else around is stressful at home, at school, and with the finances?” ... Read More »

How to Get All the Cheap Credit You Want

Interest Cost to Pay Off Various Credit Card Balances

Today, the average person pays between 16 and 17 percent on credit card balances. While interest charges may seem low when you look at the monthly charge on your statement, over the long run they can really add up. In fact, the average person can put a hundred bucks or more in his or her wallet just by getting a ... Read More »

Can I Go Bankrupt On Just My Credit Cards? – Mike

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“Dear Steve, Can i go bankrupt on just my credit cards? Mike” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here The Answer   Dear Mike, If you have other creditors like loans, car loans, mortgage, ... Read More »

Daniel Writes In – “How Can I Get Out of Credit Card Debt?”

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Daniel says, “I’ve been buried in credit card debt and it feels like I make payments each month and instead of things going down, things go up. My interest rates recently went up even though I have not missed a payment or paid late. Another one of my MasterCard’s just lowered my limit a lot. Is there any hope. Thanks” ... Read More »

Rebecca And Her Husband Are Struggling to Keep The Business Going

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“Dear Steve, My husband and I own our own business but have been struggling lately. I work a 9-5 job while he stays at home to run the business. We owe a lot of debt in credit cards from working to get the business up and going – and we’re just a few hundred dollars a month from breaking even. ... Read More »

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