Any application for credit can result in your credit report being pulled by the potential creditor. Whether it’s for a mortgage, a VISA card or a furniture store, it can impact your credit score. One potentially hazardous practice is applying for credit over the internet. If you apply for a mortgage loan […]
The credit bureaus have recently announced they are adopting a new scoring method for consumer credit histories in order to have “more uniform” scores across the three bureaus and provide better “predictors” of credit risk. Yeah, right! A Waltz is a waltz, whether the tune is Blue Danube or not.
Bottom line, just because […]
Hacking may not be a spectator sport but it’s one of the fastest growing ones. Computer thieves are stealing us blind everyday while we’re in the safety of our own home or office. The warnings about computer data theft in public Wi-fi locations made consumers more cautious but the newest threats will come […]
Despite new laws, increased media coverage and consumer awareness, identity theft appears to be more a of threat than ever. More stringent FTC regulations and higher penalties still fail to stem the increasing exposure consumers experience with every new security breach.
The recent $10 million ChoicePoint settlement with the FTC for 160,000 individual’s […]
According to a recent article on CNN.com, a study completed by American Online and the National Cyber Security Alliance, “phishing scams” fool 70% of internet users. Tatiana Platt, Senior Vice President of AOL, said, “What’s happening is that more and more people are actually engaging in transactions online that would generate e-mail traffic that […]
Whether you are seeking work, credit, a purchase, a service or a place to live, the three credit bureaus, Equifax, Transunion and Experian, have some influence on how you are treated as a consumer. Yet, they aren’t public service agencies, they aren’t consumer agencies, they are not beholden to the consumers whose credit they […]
No laws are coming together quickly enough to make it through Congress before the end of the year. That may be a good thing!
According to an article by Ryan Singel of Wired News, consumer advocates are seeing many companies take more agressive steps to prevent theft and are providing individual notification if records […]
In dealing with the vast number of “customer service” centers of the companies you do business with, you should always double check any information given to you over the phone—-even if it means hanging up and calling the 800 number a second time!!!
Why? It’s simple, many of the people who answer customer service calls […]
Fox News.com offered an article by Marshall Loeb, How To Protect Your Passwords, which provides some very good advice for ensuring hackers and keystroke trackers can’t easily guess your passwords. Loeb’s article reports that God, Love, Sex and Money are the four most common passwords people use making it very easy for identity theives […]
Have you checked the credit limit being offered to you on your credit cards? If you haven’t, you should.
Most credit card companies issue cards with a certain credit limit based on your credit rating at the time of application. As time goes on, if your credit rating remains good and your […]
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