debit card
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Podcast – Debit Cards Versus Credit Cards – Layaway – Vacations – Big IRS RefundsThis week Damon Day and I talk about a wide variety of topics. Everything from why big TRS refunds spell trouble to what you really need to know about credit cards and debit cards. The advice is...
- Posted March 5, 2019
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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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Most Students Think Debit Cards Build Credit (They’re Wrong)Sure, debit cards look almost identical to credit cards, but they’re very different. Among the biggest differences between these products is one of the most important: Debit cards do not have an effect on your credit score. Debit...
- Posted September 2, 2015
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Weekly Syndicated Get Out of Debt Column February 6, 2015Money, Credit and Debt Advice – Get Out of Debt Guy Question: My Student Loans Leave Me Hopeless Dear Steve, I can’t believe how much student loan debt I have. It feels like I can barely get...
- Posted February 23, 2015
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Next Step MasterCard Targets Addicts. Makes Them Jones for It to Work.The new Next Step MasterCard has a special purpose, it’s supposed to make it harder for addicts to partake of their vice and use their debit card as the needle. The debit card restricts use at locations...
- Posted July 11, 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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If At First You Don’t Succeed, Commit Fraud and Fail Again : Defrauding From Behind Bars
Three defendants have been sentenced to federal prison on charges of bank fraud and aggravated identity theft; one man committing fraud from prison. According to United States Attorney Sally Quillian Yates, the charges and other information presented...
- Posted November 29, 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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Bank Of America Backs Off $5 Debit Card Fees After Anti-Fee Petition Skyrockets
Just one month ago I wrote about the implementation of debit card fees coming into play for big banks such as Chase, Wells Fargo and most notably Bank of America. Due to the change in a new...
- Posted October 31, 2011
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Maryland Fraudster Gets 6 Years In Prison For Bank Fraud And Identity Theft Scheme
After being convicted on July 5, 2011, Vicente Bilora Mbenga of Maryland, has been sentenced to six years in prison, three years supervised release after and an owed restitution of $27,218.06 for committing bank fraud and running...
- Posted October 3, 2011
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Bank of America To Charge Monthly $5 Fee For Using Debit Cards
I’m not sure if I’ve mentioned this before but I, Amanda Miller, am a Bank of America customer. Although, not a thrilled and loyal customer, I’m a customer nevertheless. In fact, this bank has done some things...
- Posted September 30, 2011
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Financial Literacy For Kids: How To Really Teach Kids How To Manage Money
When I was 8 years old my dad took me into Citibank to open my very first savings account. He said it would teach me the value of a dollar and the importance of saving. I don’t...
- Posted September 19, 2011
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Sizzler Cleans Out Paralegal Bank Account. Jesus Can’t Help. The Problem With Debt Cards.
For years people continue to try and convince me that debit cards are better than credit cards. Those arguments just won’t fly because there is no getting around the basic fundamental problem of debt cards, they are...
- Posted May 28, 2011
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Bank Groups Try to Scare Consumers Using Twitter
by Marian Wang, ProPublica It’s April 21, and another Dodd-Frank deadline has come and gone. Today was the day the Fed’s regulations on debit card transaction fees, also known as interchange fees, were supposed to be finalized....
- Posted April 22, 2011
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Factchecking Banks’ Dubious Claims on Interchange Fees
by Marian Wang, ProPublica The banking industry has been busy fighting to defeat or delay a proposal that would cap the interchange fees they collect from merchants when customers pay with debit cards. As we’ve noted, they’ve...
- Posted March 29, 2011
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Use a Debit Card from Chase Bank? Prepare to Have it Declined.
Chase Bank is talking about significantly reining in debt card transaction limits to $50 or $100. The reason, so the can make more money. Recent legislation capped the amount the bank can charge retailers per transaction for...
- Posted March 10, 2011
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Western Union MoneyWise Prepaid Debit Card – Debt Relief Television Commercial
Commercial Name: Western Union MoneyWise Prepaid Debit Card Record Date: 11-07-2010 Network/Channel: BET Description: Western Union MoneyWise debit card with no monthly maintenance fees, no transaction fees, no overdraft fees, but it does come with other fees...
- Posted November 7, 2010
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Banks Target MVBs, Most Vulnerable Bankers, to Keep Overdraft “Protection” Before Regulation E Comes Into Effect
Overdraft “protection” as we know it in America will make a positive change August 15, 2010. Considering to protect something means to cover or shield from exposure, injury, damage, or destruction, overdraft “protection” is anything but that....
- Posted August 12, 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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Beware of Your Debit Card. Credit Cards are Safer.
Why a Debit Card is Not All That Attractive The debit card has an allure for many because it allows people to make credit card like transactions without the fear of debt but all of that comes...
- Posted January 22, 2010
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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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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’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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Outrage Over Credit Cards with 222% APR
Outrage Over Credit Cards with 222% APR QCK, UK - 1 hour ago The money must then be repaid at a rate that is more than 10 times the average APR of a credit card. Debt groups and...
- Posted October 28, 2008
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Debit Card Concerns. Profits Hide Truth About Your Risks.
For years banks have lied and hidden the reality of debit cards from you. What I’m about to tell you is going to sound counter-intuitive from everything you’ve been taught and believe. Here it is. Don’t use...
- Posted March 4, 2008
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