credit card

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  Posting Consumer Complaints About Credit Card Companies Increases Consumer Satisfaction With Bank

  An interesting academic paper out which studies Consumer Financial Protection (CFPB) complaint reporting found the reporting assisted both consumers and the credit card companies. The investigation looked at the results of public reporting of complaints and found...

  • Posted June 7, 2017
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  What’s that chip doing on my credit card?

  Sep 29 2015 By Will Wade-Gery Did your bank recently send you a new credit or debit card with a shiny, metallic chip on the front? You may have noticed that some cards have this chip in...

  • Posted October 8, 2015
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  The Best Simple Credit Card in America

  For credit card customers who are burned out on the complexity of many credit card offers — in particular, costly and complicated fee structures and penalty rates — you might want to consider the simple credit card....

  • Posted February 24, 2015
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  Best Credit Cards for Every Type of Traveler

  Photo via Shutterstock For a long time, we here at SmarterTravel have been recommending plastic as the best way for travelers to spend money: credit cards for big-ticket purchases, debit (ATM) cards for cash. But which cards...

  • Posted February 17, 2015
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• Elaborate Scheme Leaves 180 With Over $1 Million In Fraudulent Purchases

  Charges were announced last Thursday against seven members of an identity theft ring that allegedly used stolen identities of more than 180 people at major New York City retail stores including Home Depot, Sears, Kmart and Kohl’s,...

  • Posted January 17, 2012
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• Be Smart and Find the Best Credit Card That’s Right for You

  For anyone who has spent more than a few minutes on the GetOutOfDebt.org site you easily come to the conclusion that it is primarily about getting rid of debt but getting out of debt is more than...

  • Posted January 16, 2012
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• New Computer Virus Commits Post Transaction Attacks On Your Bank Account

  When my grandma, god bless her soul, hears about a new scam, fraud or any form of financial trickery she immediately calls me up and warns me to stop whatever I’m doing and take notes. To her...

  • Posted January 12, 2012
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• FTC Bans Landmark Clearing From Using Remotely Created Payment Orders

  It was announced today that a Federal Trade Commission (FTC) action has banned a payment processor from using a new payment method to debit accounts after allegedly debiting millions from consumers’ bank accounts without their consent. Payment...

  • Posted January 5, 2012
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• 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...

  • Posted December 30, 2011
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• 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...

  • Posted December 28, 2011
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• Founder of Internet Consumer Electronics Company Sentenced For Fraud

  Back in May of 2008 David Whitaker pled guilty to an information charging him with wire fraud, conspiracy to commit wire fraud, money laundering and commercial bribery to which Whitaker admitted to defrauding around 83 business account...

  • Posted December 26, 2011
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• Arizona Telemarking Scam Leaves 5,000 Out Of Over $6.3 Million

  Earlier this month word broke when a complaint was issued against four Arizona LLCs and 11 Arizonians that Arizona telemarketers had defrauded almost 5,000 people out of over $6.3 million. These criminals conducted a scam that used...

  • Posted November 22, 2011
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• Must Have Black Friday Shopping Tips!

  We are officially one week away from my favorite and most dreaded shopping day of the year. That’s right folks, Black Friday is here! The Better Business Bureau (BBB) has released an excellent Black Friday shopping tip...

  • Posted November 18, 2011
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• 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...

  • Posted November 15, 2011
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• Is Bank Of America Taking Advantage Of The Unemployed With Debit Card Fees?

  The state of South Carolina and Bank of America have teamed up together to administer unemployment benefits to South Carolina residents. Unemployment benefits used to come in the form of a check but are now being issued...

  • Posted November 10, 2011
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• Newspaper Deliveryman Makes Amanda Miller’s List Of “People I Wouldn’t Suspect Of Fraud”

  Amanda Miller’s list of “People I Wouldn’t Suspect of Fraud” just keeps on growing week in and week out! Amongst the already listed TSA employee, postal carrier, United Nations employee and firefighter I now introduce to the...

  • Posted November 7, 2011
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• Bad Credit Is Bad News for the Unemployed

  A recent report from Inc. Magazine says at that at least 60 percent of employers run credit checks on potential job applicants at least some of the time. This is a 17 percent increase from 2006. And...

  • Posted November 3, 2011
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• True Cradle Robbers – Stealing Credit From The Cradle

  It’s often not a parent’s first thought to check the credit report of their minor child, however, it may now become a necessity. Not because a child may fraudulently be using credit without their parents’ knowledge but...

  • Posted October 17, 2011
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• Is Bankruptcy or a Debt Repayment Program the Best Option for Us? – Janet

  “Dear Steve, Moved to Ohio 3 months ago, from CT where we were delinquent on our upside home mortgage and managed to renegotiate the second mortgage to 20% of the total, then were able to sell our...

  • Posted October 5, 2011
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• Root Canals and Appendectomy Were Expensive and Landed Me in Bankruptcy. – Ray

  “Dear Lewis, Made many not so smart mistakes which put me into serious credit card debt over the past 8 years or so. Followed by some dental work (multiple root canals) that had to be paid with...

  • Posted October 2, 2011
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• Collectors Called Constantly Scared of Foreclosure, What Can I Do? – Roy

  “Dear Steve, I have recently taken over management of finances and bill paying from my wife. I always knew we had some lingering credit card debt that had been following us since college, but I had no...

  • Posted September 28, 2010
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• Off to College: How to Use Credit Cards and Not Get in Over Your Head

  Let’s face it: when it comes to getting credit, most students have it easy these days. Most college students do get credit cards — and plenty of them if they want. According to a recent study for...

  • Posted August 17, 2010
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• I’m in the Process of a Divorce. He is Supposed to Pay My Credit Card Bill. – Becca

  Becca “Dear Steve, My husband and I are in the process of a divorce. I have a credit card in my name only that has a a large amount of debt on it. In our divorce settlement...

  • Posted August 6, 2010
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• Victory and Disappointment for the Debt World Today: Total Debt Falls While Harassment Complaints Rise

  CNN Money’s recent article, “Debt collectors get nasty” showed some real insight into the current debt collection process in this country. They touched on information reported by the Federal Trade Commission, FTC, about the number of complaints...

  • Posted July 9, 2010
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• How to Be Financially Successful When You Graduate

  Congratulations! You’ve made it through the starving student years and now you’re ready to start a job and earn some real money. You’re probably thinking about all the things you’ll be able to buy, places you’ll go...

  • Posted June 8, 2010
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• Plastic Power: Smart Strategies for Making the Most of Your Credit Cards

  At GetOutOfDebt.org, we help thousands of people with too much debt. So you probably figure we’d think credit cards are terrible, right? Wrong! Credit cards can be a great tool and can even save you money if...

  • Posted June 4, 2010
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• Credit Card or Debit Card: The Great Debate

  Having trouble getting approved for a credit card? Do you have bad credit? Maybe a debit card is the answer. Today, more and more banks and financial institutions are rushing to issue their customers debit cards. In...

  • Posted June 1, 2010
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• I’m Considering Letting Some of My Debt Go Delinquent. – Terrell

  Terrell “Dear Steve, 2 1/2 years ago my car broke and I made the mistake of charging car rentals to get back and forth to work on my credit card. A $1500 debt climbed to over $4000...

  • Posted May 22, 2010
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• “How Do I Go About Making My Credit Score Better” – Antoine

  Antoine writes in to the Get Out of Debt Squirrel and asks: I don’t have credit card dept of any kind. I’ve never filed bankruptcy. I have bills on my credit report some of them I’m unaware...

  • Posted February 15, 2010
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• Bailout Plan Wants to Push More Credit On Overloaded Consumers

  Bailout plan to perpetuate our house of cards Times Herald-Record, NY - 56 minutes ago By Christian Livermore The average client who seeks help at the Consumer Credit Counseling Service of Central New York has $47000 in credit...

  • Posted January 28, 2010
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• I’m $850 in Debt, in College, and Don’t Want to Tell My Parents. – Jessica

  “Dear Steve, I am a college student with 2 years left of undergraduate school and then one more year for grad school. I got a credit card last summer and was doing fine until school started. I...

  • Posted January 16, 2010
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• Credit Counseling Seen as Little Help in Bankruptcies

  Counseling seen as little help in bankruptcies Columbus Dispatch, OH - 4 hours ago Transferring credit-card debt to a card with a zero percent interest rate offer, for example, is nearly impossible for someone with delinquent payments. ......

  • Posted January 7, 2010
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• West Virginia Wipes Out Credit Card Debt for 1451 Citizens – Consumer Affairs

  • West Virginia Wipes Out Credit Card Debt for 1451 Citizens Consumer Affairs - 2 hours ago As thousands of consumers discover each year, shady companies that promise to get rid of your credit card debt always...

  • Posted January 5, 2010
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• Business Noticing Increase in Credit Card Purchases. Not a Good Sign.

  Business noticing increase in credit card purchases Bay News 9, FL - 1 hour ago Americans now owe an estimated $850 billion in credit card debt , which is four times as much as in 1990. Consumers aren't...

  • Posted December 19, 2009
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• I’ve Been Called Back to Active Duty in the Army. What Do I Do About My Car Payment and Bank Loans? – Larry

  Larry “Dear Steve, I have been called back to active duty. I do not make as much on active duty as I did on the civilian side. I am currently selling my house but even with it...

  • Posted December 9, 2009
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• As Medical Costs Rise, More People to Charge Medical Care

  When doctors first began accepting credit cards for payment years ago, patients were shocked. The impression was that the doctor was just in it for the money. Then a few years latter some medical offices began to...

  • Posted July 12, 2009
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• My Son Has Aspergers, Autism, Anxiety, Depression and College Credit Cards. – Laura

  “Dear Steve, My son who is 27 yrs old and currently on permanant disability for aspergers autism,anxiety disorder 300 and depression, he got caugh up in getting credits cards while attending school you know the ones, credit...

  • Posted June 23, 2009
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• My 19 Year Old Daughter Owes $5,000 on a TD Bank Credit Card. Does She Have to Pay?- Marion

  Marion “Dear Steve, My daughter was is 19 years old was offered a credit card at TD Bank, when she went in to take some money out of her savings account. She was told that it was...

  • Posted June 19, 2009
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• I Started to Get Into Debt at 19. – Jon

  Jon “Dear Steve, Hello, My story is a bit different, and longer than most. feel free to edit as you like. Coming out of high school, I had a job with great perks, and really good pay...

  • Posted May 12, 2009
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• College Students Rack Up Debt

  I recognized the school in this video, it was the first college I went to, Montgomery College, in Rockville, MD. Embedded video from CNN Video Get Out of Debt Guy – Twitter, G+, Facebook

  • Posted April 30, 2009
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• Debit Cards Less Safe Than Credit Cards & Please Use Your Credit Card Online

  Over the years I have been droning on and on about the differences between a debit card and a credit card regarding safety and why people need to be more afraid of using their card in a...

  • Posted March 31, 2009
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• I Don’t Want to Pay Stupid Credit Card Overlimit Fees And Charges. – Melissa

  “Dear Steve, I have 2 credit cards that I haven’t paid since August. Now my debt is almost 5000 since most is from over limit, late payment and finance charges. I was able to get one credit...

  • Posted March 26, 2009
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• I’ve Said It For Years, a Debit Card is Not as Safe to Use as a Credit Card

  The Consumerist site had a great story titled “Why Do Lenders Want You To Use Your Debit Card Like A Credit Card?” in which they brought up the issue again about the differences between a credit card...

  • Posted March 25, 2009
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• My Credit Card Companies Said They Can’t Help Even if They Got a Bailout. – Shaun

  Shaun “Dear Steve, Hubby and I bought our home in 2007, our credit was in pretty good condition. We had the same amount of credit cards as we do now, with the exception of 2. One each....

  • Posted March 23, 2009
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• Should I Take Money Out of My IRA to Pay My Credit Cards? – David

  “Hi Steve, My wife is out of work and I was for about a year. We have about 40K in CC debt and there is no way I see to get rid of that. We have 2...

  • Posted March 13, 2009
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• I Have Several Credit Cards That I Haven’t Been Able to Pay On. – David

  “Dear Steve, I have several credit cards that I haven’t been able to pay on, I am currently paying on one of them, Im just now starting to get calls from lawyers for collection. My wife and...

  • Posted February 13, 2009
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• Is Buying a Used Car With a Credit Card a Good Thing? – Karla

  Karla “Dear Steve, Is buying a used car with a credit card a good thing? Karla” Dear Karla, Excellent question. My answer may surprise you. Actually buying a used car using a credit card can be a...

  • Posted January 21, 2009
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• Terrance Says His Debt Problems Are Worse Than Anyone He Knows

  Terrance “Dear Steve, First off I’m 20 years old and have debt problems worse than anyone I know. But besides that I have payday loans, banking accounts, cell phone, and one credit card. Some happened before I...

  • Posted November 12, 2008
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• So You Have to Use Your Credit Card In An Emergency – Personal Finnance Bloggers Question of The Week

  This weeks personal finance brain trust question was: What goes through your mind when people say that they HAD to use their credit card to get by? Is using a credit card when you can’t afford to...

  • Posted November 6, 2008
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• Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas

  Yesterday I wrote about a little old hardware store that had noticed an increase in card purchases over cash. That’s not a good sign if people are using plastic more for routine things and especially in this...

  • Posted November 3, 2008
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