Put the names of the children on the credit cards but don’t give the kid a card or tell him or her
Parents with a good credit rating who want to give young adults a “boost” with their credit rating can put the names of their children on their credit cards as authorized users when they are young so that they will already have a good credit history when they go to get their first car loans, [...]
Training needed before applying for credit cards
I tell young people that obtaining their first credit card, in their name, is just like buying a gun. This comparison always brings a puzzled look. They can’t make the connection!
No one should own or even handle a pistol or long gun such as a shotgun or rifle without safety training. No one should carry [...]
College Students Falling Into Credit Card Debt
They come to college with new backpacks, new books, and now new credit cards ready to be used. More and more college students are finding their mail boxes flooded with credit card offers, some students say they even receive as many as five offers every week.
Debt among seniors a growing concern
At 78 years old, Bert Ellithorpe is wise to the ways of the world. She cannot be duped by the sly practices some credit card companies employ to encourage senior citizens like herself to apply for plastic and use it.
“I love the way they call,” she said, shaking her head as she spoke from her [...]
Changes in the works for credit scoring system
The rules that govern how consumer’s credit scores are calculated will soon undergo a few changes to help close a credit-boosting loophole.
The Fair Isaac Corp., the company that developed the commonly used and accepted FICO credit score, has announced the changes.
Lower your debt: Improve your credit rating
Just charge it! The phrase uttered a million times a day has become a mantra. In this world of instant gratification, credit cards have become our way of life. As businesswomen, we need to be particularly careful to maintain good credit. If we don’t it can affect both our business and personal lives.
We all know [...]
Advance-Fee Credit Card Purveyors Banned from Telemarketing
Telemarketers Targeting Spanish Speakers Settle FTC Charges
Miami-based telemarketers, who were charged with deceiving Spanish-speaking consumers through their marketing of pre-approved, advance fee MasterCards, free ATM and phone cards, and a free-trial membership in a discount health plan, have been banned from telemarketing. In addition, the defendants are banned from selling similar goods and services in [...]