Creditors can then help remove fraudulent charges, which could impact credit reports down the line. Fraud detection and prevention plus other consumer protections are huge advantages of using a credit card, of course -- in addition ...
If your abuse extends to using other people's credit cards without permission, or trying to rack up charges on cards you've already canceled, the consequences are even worse. Though you might think it's a relatively harmless crime, you might end up behind bars. For example, in Texas, if...
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The article reports that 20 employees of the Dallas Independent School District in Texas could be prosecuted for their fraudulent use of their district credit cards. The employees were found to use their district credit cards for personal consumption. A series of investigations regarding the issued ...
The credit counseling industry is at a criticial crossroads. Consumer debt (all non-mortgage loans) and credit card debt continues to grow, increasing consumer demand for debt relief. Abuse is rampant by so-called non-profit credit repair comapnies and has raised serious questions about the qualit...
Take out credit, starting with a secured card. Make your payments on time and pay off all your charges at the end of the month. Think of it the card as cash. Charge items, only if you have that money in the bank. Monitor your credit report and credit score. Make sure that items ...
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there is a great risk of getting your credit rating badly affected. There is also a chance that your creditors may sue you for taking help of outside parties for negotiation just in case your negotiators are not honest. These services also charge you hefty fees which can range in thousands...
To the credit card issuers, it may not look as good as you think. "For credit cards, it's important to 'use but not abuse' those cards," Jim Droske, president of the credit counseling company Illinois Credit Services (and someone with a perfect credit score), tells Select. The key ...
customer a fee for doing so. Customers now have to be given the choice of whether to "opt-in" to over-limit charges on their credit card account. If they decline to opt in, they will have their cards declined when a proposed charge or withdrawal would put the balance over the li...