Posted June 29th, 2011
by Amber Cattanach
If you are considering bankruptcy, stop for a few minutes and consider that you may have an option that doesn’t entail lawyers and the court system. Many Americans who feel that bankruptcy is their only recourse are either sadly disappointed when they find they do not qualify to use the legal action or they don’t know about debt settlement.
These days bankruptcy no longer guarantees to wipe all the bills out allowing you to start anew. More and more, the courts are forcing partial repayment and there are times when even your home is no longer safe in the process. If half or more of your unsecured credit card debt could be wipe out, and you could set repayment time yourself, wouldn’t you rather do it that way? Many would, and it is exactly why debt settlement is one of the most popular means of debt relief today.
It works through negotiations with creditors, who will reduce balances because they believe you will not be able to pay more. Frank
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Tags: Bankruptcy Posted in Financial Tips
Posted June 29th, 2011
by Amber Cattanach
Consumers who want to reduce debt may have trouble doing so if they are affected by credit card fraud, and a new study found that lenders may not do enough to prevent this type of crime from taking place.
While the nations largest credit card lenders tend to do a good job of clearing up any instances of fraudulent credit card debt once they take place, they still have difficulties in preventing it from happening in the first place, according to a new study from Javelin Strategy and Research. As a consequence, this type of fraud costs lenders about $37 billion a year.
“Security and fraud detection are the consumer’s top concern when selecting and staying with a credit card issuer,” said James Van Dyke, president and founder of Javelin. ” Full Articles…
Tags: Credit Card, Study Posted in Financial Tips
Posted June 27th, 2011
by Amber Cattanach
The
Milwaukee Brewers® team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card issued by Bank of America. (
www.brewerscreditcard.com ). This rewards credit card is scoring big with avid baseball fans and credit card consumers across the country. Like many department stores, colleges and airlines have done for decades, Major League Baseball™ teams are now being displayed on consumer credit cards. These sports oriented rewards credit cards — a great way for fans to express their undying team loyalty – are proving to be a home run in the credit card industry.
F
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Tags: Card, Credit Card, Milwaukee Brewers® Posted in Financial Tips
Posted June 25th, 2011
by Amber Cattanach
Though it initially reassured customers that their credit card accounts would not be affected by a major data breach, one of the nations top lenders recently told federal lawmakers that it actually suffered millions of dollars worth of losses.
Citi revealed that the hacking effort that exposed more than 360,000 of its North American credit card customers to identity theft resulted in more than $2.7 million in fraudulent credit card debt, according to a report from the Wall Street Journal. In all, crooks were able to rip off more than 3,400 accounts, an average loss of $794 per customer.
This comes after the company originally told borrowers that their accounts were unlikely to be accessed by the hackers, because they did not gain any critical information such as consumers Social Security numbers, dates of birth or credit card expiration dates and security codes, the report said. Full Articles…
Tags: Data Breach, Major Posted in Financial Tips
Posted June 25th, 2011
by Amber Cattanach
There are many opposing views about the use of debt settlement. Reading online articles, you will hear both positive and negative views about this very important tool for eliminating debt. If you are considering bankruptcy, there are facts of debt settlement to be aware of. Debt settlement is a very aggressive method of negotiating with creditors, and when successful, consumers can easily see 40-60% chopped off of the balances they owe.
It takes work both on the part of the consumer and the debt relief company and is a hand in hand process. You see, we do the negotiation and handle your creditors while you work to put aside the money needed to eventually pay them off. You do your part and we do ours, and the process works.We charge no upfront fees. In fact, we work with the belief that you will succeed and it is only after your first account is settled and closed that we receive any fees. These fees are reasonable for what you receive.
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Tags: Debt Settlement, Settlement Posted in Financial Tips