NY State is fighting back against illega...
Andrew Cuoumo is now suing over 30 different Law Firms and a few Debt Collectors that had used a company called (ALP) American Legal Process to serve legal papers. The 100,000 judgments against consumers who were not served properly may have to be thrown out of...ID Theft Scams & the BP Oil Spill...
Believe it or not? Scammers are now posting ads looking for job seekers who might be interested volunteering or taking a position for pay and they are posing as representatives of BP. They are asking for personal information and using this info to open accounts, borrow money, and victimize consumers who are trying to help. Make sure you know who you are talking to before giving...How to protect your computer against ID ...
Hackers control your computer through spyware, viruses, worms, and Trojan Horse programs. To protect your computer against these problems you must use anti-virus, anti-spyware and anti-malware software and keep these applications up-to-date. Always have a firewall that is set up correctly. Change passwords and administrative names consistently. Keep your wireless networks closed to...What is a “Data Breach”?...
Data breach is what happens when a organization or person has information stolen or lost that could be used to steal thier identity or use credit in an unauthorized manner. This could be financial records, medical records, student records, and more. This info could be taken through hackers, loss of files thrown away accidentally, stolen laptops, we have even heard of banks that...What is “Account Takeover” i...
When a consumer is a victim of “ACCOUNT TAKEOVER” it means that a thief has gathered existing credit account information or bank account data and is making charges to the consumers accounts. Consumers usually find out once they check their monthly statements or see balances that don’t make...The difference between business loans an...
One of the biggest differences in these financial tools is most business loans are being denied while the majority of credit cards for business are being approved. Credit card interest increases are easier to manipulate than increases in rates on business loans. If business credit was regulated the way personal credit is credit card issuers would not be able to loan nearly as much...What Is The Positive Side Of A Fraud Ale...
Fraud alerts are a great way to protect yourself from criminals opening accounts in your name. Once you put a fraud alert on your credit profile, with a phone number you can be contacted at, it is nearly impossible for credit to be opened in your name without your approval. When applying for new credit the creditor, who pulls your credit prior to deciding if you are credit worthy,...Why don’t the credit card rule cha...
The Fed agreed with the credit card companies that the risk of default is greater for business when it comes to paying credit card debt. Since the chances are higher that a business will default on credit card financing the credit card companies are allowed to charge more in interest and have less rules when it comes to extra fee’s and other potential costs the credit holder...Collections……...
Collection accounts can happen for so many reasons. A collection is a debt that a creditor believes is owed to them and since it is uncollectable (they can’t get the client to pay them for a period of time) it is taken as a loss on profits. This does not mean the client or consumer no longer owes the funds. Many collections are passed from one collection agency to another. ...Trans Union 30 day free trial for 1 mont...
