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Can Freezing My Credit Prevent Identity Theft?

Identity theft is one of the most common and costly crimes in America, expected to become the number one property crime in the near future. Some estimates peg the total price tag at about $100 billion each year, just in the U.S. Even though most victims are merely inconvenienced by the need to cancel and… Read More

How to Check Your Child’s Credit Report

I’ve just obtained my 4-year old’s first passport, complete with adorable photo. We’re planning a family vacation in Nova Scotia, Canada this fall to enjoy the changing colors and attend a Celtic music festival. We’ll also visit a working farm where she’ll help milk a cow and churn butter. But while I plan our hikes… Read More

The Approved Card from Suze Orman Shuts Down

The Approved Card from Suze Orman, a prepaid debit card, will no longer work as of July 1, 2014. There was no announcement or press release. The information showed up in letters to account holders in June. Nor was any reason given for the shutdown. It may have been that the business was simply losing… Read More

The Staggering Costs of Identity Theft in the U.S.

The effects and losses caused by personal identity theft in the U.S. are staggering. Approximately 16.6 million people experienced at least one identity theft incident in 2012 (the most recent data available) and financial losses totaled $24.7 billion. That’s an average loss of around $1,500 per victim. Indeed, the overall costs of identity theft to… Read More

Credit Card Fine Print: What is a Schumer Box?

What is a Schumer box? A Schumer box is a table that discloses pertinent information about a credit card, including interest rates, fees, terms and conditions. It is named for Charles Schumer, the lawmaker responsible for legislation that requires all credit card terms to be presented in a standardized, easy-to-read format. The legislation was enacted… Read More

Knowledge Gap: Millennials Fall Short on Credit Scores

Millennials, born between 1980 and 2000, are the largest adult consumer group in the U.S., comprising at least 23.5% of the total population. Known for being “always on,” they understand how to conduct many aspects of life digitally and on the go. But when it comes to understanding credit and credit scores, millennials fall short… Read More

Top 3 Credit Cards for Small Business Owners, May 2014

A business owner’s credit card needs are often different from those of a consumer. The best small business credit cards offer features that make it easier to manage the company’s finances. For example, customizable spending limits for different employees and transaction information that can be downloaded straight into an accounting program. Another valuable feature is a… Read More