Fair and Accurate Credit Transactions Act

The information obtained by the other can be Social Security number or Driver’s license number which is used to use your identity as their own, also known as identity fraud. The fraud committed can involve making purchases using the victim’s credit card details, opening bank accounts using the victim’s name, conducting illegal businesses or take loans (USA.gov, 2015). Identity theft can be prevented by securing your Social Security Number, making sure you’re on top of your billing…

Identity theft and credit fraud seem to be a common dilemma in our society. After looking over the PowerPoint and doing research, I learned that identity theft can have more negative impact on your life than credit fraud. When your credit card is stolen, all a thief can do is max the card out or open another account. If you’re a victim of credit fraud, sometimes the credit card company alerts you of any unauthorized purchases or unusual spending amount, which prevents further damage from…

Have you ever had something stolen from you? Did you feel sad and respected? Whether it was a wallet getting stole or a million dollar painting, they both have something in common. They both are missing and that’s the important part. When dealing with theft, the officers have to do a lot to try and find the stole thing. In the articles, both of the cases contain work from the FBI. While dealing with a case like that, there is a lot of challenges the FBI and the police have to go through. While…

Understanding the LL Bean Credit Card In the United States, the top five spends for credit cards are clothing, gas, dining out, travel, and groceries. Credit cardholders are using credit cards like cash, which is why 33% of American households have credit cards. These days credit card companies are teaming up with retail outlets to marketing their credit cards better. LL Bean, a privately-held, American mail-order and retail company partnered with Visa to offer a credit card that can be used…

USAA Credit Card 101 When it comes to choosing a credit card, it’s imperative that you choose a credit card that will benefit you overall. With the average credit card debt totaling $5,700, the credit card you choose can easily make or break you. Many budget-conscious individuals understand how credit cards can affect them. However, they also recognize credit cards are important to their budget. With this in mind, they are selective about which credit card they choose, and, of those who qualify…

of concern is your credit. Once you are an identity theft victim, you will have to worry about your credit report. If the thief is able to run up a significant credit card debt in your name and you don’t notice till years later it could demolish your credit score. We covered a story that showed this where a mother stole her daughters’ identity and left her finances and credit in crumbles. Most often than not the credit card bills will go unpaid and it will only lower your credit rating. In…

our wallet can’t afford. But we buy it. We use credit cards everyday; either to pay at the grocery store for food, online merchandise from other countries, or to pay the tuition for the school. However, not too long ago the credit cards were used only to pay for specific merchandises. According to Nancy Shepherdson “Credit Card America” first credit cards where used only for “meals at any of twenty-seven restaurants around (New York).” Initially, credit cards where used only in New York and…

Net percentage balances for the availability of credit are calculated as the percentage of respondents reporting that credit is ‘available’ less the percentage of respondents reporting that it is ‘hard to get’. A positive balance indicates that a net balance of respondents report that credit is ‘costly’ or credit is ‘available’. (1) For more details on the Agents’ assessment of how corporate credit availability has eased across firm sizes since 2012, see England, D, Hebden…

her file, she noticed some unusual behavior occurring in her credit history. There was an outstanding debt of 28,000 dollars. Looking further into the details, they discovered an outside person had applied for, obtained, and had been using a Freedom Credit Card under Audrey’s name. Having obtained the credit card, they continued to make purchases and ignore payments. She was appalled with this discovery as she had never had a credit card in her life. Deciding to go to the police station,…

what a credit score is until it is time to apply for a loan or they need to buy a new car. A credit score is the number lenders look at to approve and decline your application for credit. For example, when searching for a mortgage company to purchase a new home your credit must qualify before you are approved. Credit scores range from three - hundreds in the mid eight - hundreds. Many factors’ contribute to a low credit score, several you have control over and others you don’t. Once your credit…