Archive for July, 2006

Invalid Credit Card

So if you don’t sign your credit card its invalid? Well does that mean the purchases are invalid? Does it mean you are breaking the law if you do not sign the card yet go on to buy something? Read this blog post and see what you think.

Sign Your Credit CardIt’s a little known fact that your credit card is actually invalid until it’s signed. Really. Look at the fine print of the agreement that comes along with the card in the mail; it’s also printed on the back of the card. However, most merchants will allow you, or anyone, to use an unsigned card.Signing your card actually helps protect you from fraud since it’s much more difficult to copy your signature than for a thief to simply sign your unsigned card. You can even go one step further and sign the card, and then write “Check ID” next to your signature to request that the merchant also verify the ID of the person using the card.

Sign Your Credit Card

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Posted by Administrator on July 30th, 2006 .
Filed under: General News | No Comments »

Visa Master Card to pay 336 million

Master Card credit cards. Visa and MasterCard agreed to pay a total of 336 million dollars to settle a class-action lawsuit alleging the credit card firms shortchanged US consumers in foreign currency transactions, a regulatory filing showed.(AFP/File/Mike Clarke)

NEW YORK (AFP) - Visa and MasterCard agreed to pay a total of 336 million dollars to settle a class-action lawsuit alleging the credit card firms shortchanged US consumers in foreign currency transactions, a regulatory filing showed.

Visa, MasterCard to pay 336 million dollars in currency suit - Yahoo! News

Look like they were adding surcharges to credit and debit transactions with out disclosure!

Well gald to hear the little guy one on this one.

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Posted by Administrator on July 26th, 2006 .
Filed under: Credit Cards | No Comments »

Legal Helpers

Chicago, IL (PRWEB) July 17, 2006 — Legal Helpers today released its first article in a series on debt repair. The article, which can be found at http://www.legalhelpers.com/credit-repair/bad-credit-impact.html, serves as an introduction to the issues involving erroneous credit reports. The series is intended to create awareness of a growing issue that concerns every consumer regardless of the current state of their credit. A single error on a credit report could result in an increased point or two of additional interest which could result in hundreds if not thousands of dollars that the consumer should not have had to pay. Legal Helpers will continue the series each week.

Legal Helpers Publishes First Article in Lecture Series on Credit Repair - Yahoo! News

Found this on Yahoo news. It gives a great illistration on the cost of poor credit.

Here is an example of how Credit can effect how much you pay for a car loan:

$20,000 car paid over 5 years
CREDIT STATUS RATE PAYMENT COST OF BAD CREDIT
Perfect 10% $424.94 $0.00
Mildly Damaged 14% $465.37 $4,722.54
Damaged 20% $529.88 $8,593.30

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Posted by Administrator on July 17th, 2006 .
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Yahoo Finance update

I try and use every resource available to learn about Credit, Debt, personal finance and building wealth. I really enjoy Yahoo Finance so I was glad to hear they were giving it an update. Head on over and see what’s new…

Yahoo Finance was set to get a face-lift on Monday with new interactive stock charts, improved message boards and business-related video clips from content partners.In addition, Yahoo is offering Internet publishers the ability to easily add a stock chart, quotes and news headlines to their Web site.The new Yahoo Finance beta site features a full-screen application that lets people add events–such as whether a company has had stock splits or dividends–with one click, see competitor charts, click and drag to customize a chart’s time range, and type in specific dates.

Yahoo Finance gets a face-lift | CNET News.com

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Posted by Administrator on July 17th, 2006 .
Filed under: General News | No Comments »