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4 ways to get rid of credit card affiliate marketing?


Credit card issuers and other financial companies are bombing you for credit cards, mortgages and other financial products you don’t want. Tired of junk mail, you throw lots of unopened envelopes into the trash. The problem is, in doing so, you may also be eliminating the chance to eliminate unwanted marketing offers.

Financial companies often share information about their customers with their affiliates, which may send you offers for additional products or services. Under a federal law that went into effect on October 1, 2008, the companies you do business with must give you a “simple” way to opt out of receiving additional marketing offers from those affiliates.

“One thing is that financial transactions you make with a branch or a division of a company can be very valuable to another department,” says Chi Chi Wu, an attorney at the National Consumer Law Center in Boston.

For example, your credit card account may show a transaction in which you purchased a plane ticket. If your card issuer is owned by a large holding company, this information may be shared with affiliates selling travel insurance, hotel reservations and other services in the city you plan to visit. Affiliates will contact you by email, phone, mail or other means, aiming to interest you in their products.

“Someone’s credit card or bank account transactions provide quite a wealth of information for targeted marketing,” says Wu.

Choosing to stay out of the scope of affiliate marketing
The legal landscape was tilted slightly in consumers ‘ favor in October 2008. That’s 214 of the U.S. Fair and proper Credit Transactions Act, which companies often refer to as the FACT Act. It was the deadline for them to comply with the Department. A 2007 amendment to the law requires that credit card companies and other financial institutions make it easier for customers to choose to share their information.

Affiliates are not allowed to make sales speeches unless they are “explicitly and conspicuously informed” that consumers can have such sales conversations, and “the consumer is offered an opportunity and a simple method to prohibit the making of such requests,” the companies said.

There is no standard form sent to customers from all these companies. Often, they send letters explaining the opt-out procedure and offering a phone number you can call if consumers choose to opt out of coverage. Others may provide Web-based deactivations. Still others can provide a form to fill out and send back to the institution, including a box to check coverage ( see a sample form ).

For example , Bank of America said it notified customers over the summer that it had an option to limit marketing information from companies affiliated with Bank of America. Through letters sent to customers, the affiliate provided a toll-free number to call if they chose to stay outside the scope of their marketing. Most companies have offered customers similar options.

Renunciation lasts 5 years
If the consumer deactivates, the company’s associates will not be able to use this information to market to the consumer for five years from the date the form was taken. After five years, the company must submit another opt-out form so the consumer can decide whether to opt-out again.

Companies hope you choose not to be out of scope. After all, affiliate marketing is more than frustrating mail. This is big business.

Online affiliate marketing spending will reach $ 3.3 billion by 2012, according to a study by research firm Jupiter Research Corporation. That doesn’t count the expense of traditional mail, which reaches millions of consumer mailboxes each year.

Online publisher E-consultancy, Linus Gregoriadis head of research and affiliate marketing networks buyer’s guide 2008 author, “merchants on both sides of the Atlantic, affiliate marketing, customer acquisition, ensuring cost-effective continues to see itself as a channel,” he says.

What information can they share?
If you don’t bother to opt out, you’re providing lots of personal information for affiliates to analyze. Companies can share information “based on the creditworthiness of the consumer, credit status, credit capacity, character, General reputation, personal characteristics or lifestyle,” says Wu. This includes your name, address, Social Security number, employer, date of birth, credit score, what type of credit accounts you have, your payment record on those accounts (such as your late payment history), your credit limits and the amount of credit you use.

Even information that isn’t on your credit report, such as where you use your credit card, your income, assets, or the value of your home or car, can be shared, Wu said.

There are few limitations on the information that can be shared between affiliates for marketing purposes if it falls outside the scope of the consumer.

“There are very few limitations on information that can be shared between affiliates for marketing purposes if the consumer is out of scope,” says Wu. “Medical information or race, gender, religion, etc. Only different categories of information can be restricted, such as information prohibited by fair lending laws.”

The term” subsidiaries ” is very important because this rule only covers companies that are considered subsidiaries. According to FACT law, subsidiaries are subsidiaries (such as a mortgage company owned by a bank) and sister companies (two companies owned by the same firm). Those not involved are third parties: independent companies that are not owned by or owned by the same firm. For example, if a mortgage lender has an affair with an insurance company but does not belong to the same parent company, the information they share does not fall under these opt-out rules.

Third-party sharing is covered by the Gramm-Leach-Bliley Act, not the affiliate marketing rule . Creditors are allowed to use a partnership marketing plus Gramm Leach Bliley Act opt-out notice.

How is disabled
If you do not want your information in the hands of affiliate marketing companies, follow these steps:

1st. Please check your mailbox
There is no guarantee that every company you do business with complies with the authority to give up, but make sure you do your part before you call a lawyer. Open every email you receive and read it before sending it to junk stacks. You don’t want to make a request that you don’t want to open up.

2. baskı. Şirketinizi arayın
LA,beş kredi kartı ve ipotek sahibi olduğunu ve çok sayıda bağlı kuruluş pazarlama teklifi aldığını söylüyor. Hatırlamadığı şey, tüm postalarını okuduğunu söylese bile, istenmeyen teklifleri bile reddetme postası almaktır.

“” I don’t remember a box like that, ” ” he says. ””It was probably a hard-to-read sized text, “” Stauffer says.

Consumers like Stauffer should first contact all credit card issuers and other financial institutions where they do business. When you choose to opt out, the company will tell you the appropriate procedure, such as whether you can do it by phone or mail.

  1. Complaint
    There’s no one-stop shop to make sure your opt-out requests are properly received and filed.

Consumer Raymond Estes Of Hingham, Mass. She said she ticked the exit boxes in the Mail she received, but isn’t sure if her six credit cards and three store-specific cards all worked.

“I know I’ve chosen to quit before, but apparently I keep getting offers from the same companies,” says Estes. “Sometimes it bothers me to get multiple offers or repeat offers from the same companies.”

If, like Estes, you have chosen to stay out of scope but continue to receive unsolicited affiliate marketing requests , file a complaint with the Federal Trade Commission . If you think a bank is ineligible, you can also file a complaint with your state banking regulator .

  1. Know the exceptions
    Not every claim you receive is subject to a opt-out rule. For example, if you’ve contacted a lender for information about products or services, it doesn’t have to give you a opt-out notice. Also, if you have a pre-existing relationship with a firm, such as the company that holds your mortgage, that firm can still send you claims.

The other exception is online transactions. Wu says that during the process, the consumer may have to decide whether to opt out.

6 ways to protect your identity in data breaches?


There’s an old Chinese saying that whoever steals eggs will steal oxen.

  1. by the century, when you replaced” egg “with your credit card number and” Ox ” to protect your identity in the event of a Social Security data breach, you entered the information age – one of the biggest threats to identity theft.

Identity theft-the act of having your personal and financial information stolen, often through cyber means, is an evolving problem.

According to an April 15, 2008, study by the Poneman Institute, a Michigan-based research group, 55 percent of identity theft victims have experienced two or more information violations in the past two years.
According to a February 2009 report by Javelin Strategy and Research, the number of victims of identity fraud increased by 25 percent in 2008, affecting 9.9 million people. It is the first time since the report began in 2004 that numbers have risen. In 2007, about 8.4 million people were victims of identity theft, one every four seconds, down from more than 9 million the previous year.
On January 20, 2008, Heartland Payment Systems, a financial transactions company, announced a security breach that occurred in late 2008, leaving tens of millions of credit cards vulnerable to cyber fraud . Heartland does not yet know how many accounts have been breached, but it is making payments for 250,000 customers, 40 per cent of whom are restaurants. Heartland handles more than 100 million transactions each month, according to Robert Baldwin, the company’s Chief Financial Officer.
The good news is that taking action to prevent identity theft is both easy and doable. CreditCards.com, asked some leading information security experts what steps they would take to protect your personal identity, and here’s what they should say:

1st. Pay attention: first, How do you know your identity has been compromised? Based in California CreditReport.com Bruce Cornelius, chief marketing officer at Canoga Park, says you’ll know you’ve started receiving letters and phone calls saying your loan application has been approved or rejected. Or you’ll notice that there are fees on your credit card statement that you never approve of. Another red flag is receiving phone calls from collection agents saying You owe money.

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2nd ed. Act quickly: the key is to get out of the way of the problem as soon as possible before inflicting more severe damage. Based in Denver IDWatchdog.com “often Thieves will use your credit card data to commit non-financial identity theft crimes that have become much bigger problems,” says its president, Justin Yurek. “As thieves begin to truly clone your identity, they can move from buying items in your name to committing crimes in your name, or obtaining employment benefits in your name, or obtaining health care in your name. Unlike a thief who fraudulently buys items on your behalf, there is no easy return for these crimes, and the consequences for the victim are far more severe. ”

Once thieves really start cloning your identity, they can move from buying items in your name to committing crimes in your name…

  • Justin Yurek President, Idwatchdog.com
  1. Prevention defense: identity theft experts say prevention is the real key in stopping identity violations. DebtGoal.com “to prevent identity theft, cardholders need to protect their cards and keep identifying information about their accounts secret,” says chief executive Scott Crawford. Examine your statement carefully to identify transactions you have not initiated and to take advantage of the warnings your credit institution offers. Many of them allow you to receive alerts for abnormal transactions that could alert you to possible fraud in your account. ”
  2. Check URLs: always check a website’s URL and security certificate before entering your personal information. ” As phishing schemes get more and more complicated, it’s important to make sure you’re doing business with the person you think is not dishonest, ” says Yurek. “Also, never send personal information, such as your Social Security number or credit card number, in an unsafe manner, such as email.”

Identity fraud victims table5. Play close to the vest: always keep your personal information as private as possible and take concrete steps to eliminate your “financial footprint.” ” Don’t give your Social Security number unless it’s absolutely necessary, ” says Scott Stevenson, founder and CEO of Eliminate ID Theft. “If you don’t want credit offers to come to you, contact the three credit reporting agencies and ‘ opt out ‘of those offers. They should remove your name from mailing and telemarketing lists for two years. Do not carry your Social Security card, passport or birth certificate in your wallet or purse, and do not carry only the credit cards you need. “Stevenson also advocates checking the “ inquiry ”section of your credit report to see if there are any unwanted creditors examining your credit you don’t have. Watch your mail habits, too. “Do not mail documents, such as bills or tax forms, from your personal mailbox. Take them straight to the post office or pay them online. Thieves will roam your mailbox and take away your valuable information. ”

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  1. Contact authorities: if you have been a victim of identity theft, contact police as soon as possible. CreditReport.com ‘ dan Cornelius also recommends that all accounts that are not opened and inherited be closed. “Also use the Federal Trade Commission’s to confirm identity theft to file a complaint from the FTC website that can be used to investigate identity theft,” Cornelius adds. “Next, report to your local police department and the community where identity theft has occurred. Get copies of this police report to help you prove to credit card companies and banks that your identity was stolen. ”

A common denominator among all identity theft experts? The question precedes you. This way both your egg and your ox are well protected.

The risk of data breach increases while traveling


The risk of a data breach increases when travelling book your hotel room online, buy souvenirs at a small shop or use your credit card to pay for lunch. Almost anything you do while traveling can make you vulnerable to a data breach and possibly lead to identity theft.

“Nothing is insurmountable,” says Jerry Irvine, chief information officer at it employer Prescient solutions and a member of the National Cybersecurity Partnership. “Someone up if you enter enter.”

More at risk of cyber attack while travelling

You risk exposing yourself to cyber attacks while traveling for one simple reason: you’re going where they want to hang out. According to the 2013 Trustwave Global Security Report, the places most targeted by data fraudsters are retail stores, bars and restaurants, and hotels. Only three sectors were targets for 78 percent of all breaches.

The report says they are “vulnerable because of the number of credit and debit cards used in purchases, and“ the main focus of organisations operating in these areas is not data security, but customer service, ”says Irvine.

Big and small goals
It doesn’t matter if you’re sipping a drink in a cute little cafe or staying in the presidential suite of a gigantic chain hotel. Regardless of its size, the company you’re dealing with can be a target.

Last summer, the Federal Trade Commission ordered Wyndham Worldwide Corp.’a sued Russia for lax data security measures that resulted in three data breaches at the company’s hotels in less than two years through a registered Internet domain address . Those failures led to millions of dollars in fraud charges on consumers ‘ credit and debit cards, the lawsuit says.

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Small and medium-sized businesses can be more vulnerable, if not more.
“It used to be that only large organizations had to worry about security,” Irvine says. Now, “just like an animal in the wild, the weakest in the herd to aim,” theft of customers ‘ personal information and online secure connections and usually for small businesses who don’t realize they are at risk of decline processes.

“A bed and breakfast or boutique hotel might be really great at what they do, but they may have entered the online world and not thought about the consequences,” says Eva Velasquez, CEO and president of the nonprofit Identity Theft Resource Center. .

Trustwave’s research found that cardholder information was quickly sold in the underground market, where it was used to conduct fraudulent transactions. Almost three-quarters of the victims were in the United States, and the attacks took place in 29 different countries, and Romania was the starting point for a third of the attacks.

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Vice president Michael Bruemmer of Experian Credit Bureau data breaches solution, a portion of the risk related to the travel industry “more than one entry point” says that, therefore the room through a third party online travel, flight reservation if you make your web site or your car, hotel, airline or car rental company should be sent to.
After the trip, the danger may remain for a long time: for example, a hotel may hold on to your information for years to market to you.

Do the basics to reduce crime rates
There is usually nothing you can do to prevent data breaches. Thieves often target weaknesses in the data systems of businesses, not individuals.

But keep your protection and follow general credit card security rules:

Like an animal in the wild, they target the weakest in the herd.
Pioneer Solutions
Watch your card closely. Even low-tech activities such as handing over your credit card or passport at a hotel can make you vulnerable. A receptionist can record your credit card number, expiration date and security code and then use it for nefarious purposes. Or someone might steal your personal information from your passport.
Do not use public Wi-Fi. Going online using public Wi-Fi anywhere, including your hotel room, airport lounge or a coffee shop could put you at risk by cyber criminals, experts warn. “You open yourself up to all sorts of abusive individuals in the network, too,” says Christopher Dore, Edelson’s attorney, who has dealt with many class-action lawsuits related to consumer technology. Dore returned from his honeymoon on a $ 1,000 fraud charge on his credit card. He suspects the information was stolen while staying at a small hotel in Turkey.
Instead of using public Wi-Fi, you should use a virtual private network (VPN) or encrypted connection, says Bruemmer.
Check your statement carefully. Snapshots may be more fun to look at, but as soon as you get your credit card statement, examine it carefully for anything that’s out of place.
Dore says the risks can be greater when you travel abroad in many places where there are often fewer regulations and government agencies to protect you.

What happens after a breach
While there is no federal law requiring you to receive notification of a data breach, 46 states have such requirements. Exceptions are Alabama, Kentucky, New Mexico and South Dakota.

In general, if a certain number of people have been affected by a data breach, the company or organization is required to send you a notification letter, but there is no time frame to indicate when the letter should come out.

Sectors targeted by cyber heroes – Retail, Food and drink, hotels

If you’re traveling and your information is breached, you won’t get an overnight notification, says Velasquez. It’s more likely to take weeks and you’ll probably be back home by then. She recommends that someone at home check your mail regularly if you’re going to go for an extended period of time.

The company must also inform debit card associations such as Visa and MasterCard and notify your bank.

That doesn’t mean you’ll automatically get a new credit card or debit card, says Tom Shaw, vice president of USAA financial crime management. Your card issuer will take into account the type of information stolen, look at how often fraud occurs on other cards that are part of the same data breach, and calculate the probability of your card being seized.

If rates are low, the bank monitors your account rather than issuing a new card. However, if fraudulent activity is detected, your card will be disabled immediately.

This can put you in a big bind as you travel. In such a case, contact your credit card or debit card regulator immediately to find out what is going on.

Bruemmer says major providers such as Visa, MasterCard and American Express can often cancel your card, rearrange it and deliver it to you within 24 hours.

“It can be an inconvenience then, but it really is to protect you,” Velasquez says.

Data breach protection: 10 tips


If you’re one of the millions of Americans who used a credit, debit or ATM card at a retailer whose data was hacked, your account information may have been stolen.

What will happen now?

Once the shock is over, be discreet and a little vigilant. In most cases, you, your credit history and credit score should be good.

No federal law requires that you be personally informed of a data-related security breach. Forty-seven states require notification (Alabama, New Mexico and South Dakota are exceptions), but if there is a violation reporter, there is no need to wait. 10 steps that Federal fraud experts, consumer advocates and other experts say you should do:

Look at your receipts or scan your memory and figure out which card or cards you used in a store that was hacked.
Reset the password that was added to the online version of that account . This doesn’t protect you from unauthorized use of the card in brick-and-mortar stores, but it can help you defend against a deeper security breach if the data thief decides to roam cyberspace.

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If you have used a debit or ATM card, closely monitor the bank account attached to that card . Regularly go online and search for unauthorized transactions over the next few weeks or until the authorities or your bank have fully understood.
If you find one or more unauthorized transactions, notify the bank immediately . You must contact the card publisher within 60 days of the day the suspect statement was sent to you. Once you know about the problem, the Issuer will almost certainly tell you to disconnect the card in question and send you a replacement quickly. “They just want your credit card number, “said TomA, vice president of financial crimes management for USAA, the financial services company that serves mostly military families, during a flurry of data breaches in 2013 CreditCards.com’ he told a. “They are agnostics because their name is embedded in the magnetic strip.”
Know your legal responsibility and act quickly . In general, your liability for unauthorized purchases made with your bank or ATM card is limited to us $ 50. But time is crucial: under Federal law, if you do not report illegal transactions within 60 days, you can be held liable for the full amount. In any case, when you report an unauthorized transaction, the bank will most likely disable your debit or ATM card immediately and arrange for you to receive a new one.

If you used a card during the time hackers were active, go online and monitor the transactions associated with that account . Check this account often until the authorities are fully clear.
If you see anything suspicious, call the credit card regulator immediately and report the problem . When it comes to credit cards, federal law limits your liability for fraudulent transactions to $ 50.
If you see unauthorized transactions on a debit card or credit card , contact one of the three major credit reporting bureaus and ask them to add a “fraud alert” to your account . This service is free and the company must share the warning with two other companies. The initial warning stays in your accounts for at least 90 days, making it harder for a thief to open more accounts on your behalf.
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As a precaution, proceed immediately and order a free copy of your credit report . Fraud will serve as the starting point if everything goes south in the coming weeks or months due to targeted breach or any other potential financial fraud. Federal law requires each of the three major credit reporting services to provide a free copy of your credit report every 12 months . When the report arrives, check carefully for errors or suspicious activity.

Where you are unlikely to be individually targeted for a full case of identity theft, the damage can spread to your other accounts. In this case, you can ask each of the three credit reporting companies to put a freeze on your credit file . This reduces the likelihood that thieves will open new accounts in your name, but it also means that potential creditors cannot get your credit report. Think of it as the nuclear option, and consider it an option that will only be used in serious circumstances.
Bottom line: if you exercise modest vigilance, act with common sense, and respond quickly to suspicious activity about your accounts, you should be fine.

10 things you need to know about identity


Credit Cards Theft identity theft is often in the news, but there are a lot of misconceptions about how best to protect yourself.

While some identity thieves focus on taking and maximising your credit cards before they realise your cards are missing, a growing number are using other information about you, such as an online shopping account or email login information. the whole identity.

A 2017 study by Javelin Strategy & Research reported a record 15.4 million identity theft victims in 2016 , a 16% increase on 2016. Losses from fraud increased by a relatively modest $ 700 million, while non-card fraud increased by 40 percent and account takeover fraud increased by 60 percent.

No one is immune to identity theft, but they are armed with a bit of knowledge and a bit of common sense about how identity thieves work; you can stay one step ahead of them.

1st. Thieves don’t need your credit card number to steal.
Conversely, thieves don’t need your credit card to steal your identity . Identity thieves are cunning; sometimes all they need is a piece of information about you, and they can easily access others.

As a result, Heather Wells, former recovery manager at ID Experts, an identity protection company, said it is crucial to lock important documents at home.

” Secure birth certificates, Social Security cards, passports, in the safety deposit box or in the safe stored at home, ” he says. “This includes credit cards when not in use.”

2nd ed. The non-financial personal information you reveal on the internet is enough for a thief.
Beware of innocent personal facts that a thief can use to steal your identity.

For example, Never List your full date of birth on Facebook or other social networking websites. Also, do not list your home address or phone number on any websites you use for personal or business reasons, including job search sites.

  1. Watch your snail mail.

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TrueCredit.com “keep a close eye on your billing cycles,” says Lucy Duni, vice president of consumer education. “If a credit card or other bill did not arrive, it could mean that an identity thief took over your account and changed your billing address.”
Al Marcella, a professor and identity theft expert at Webster University’s School of business and Technology in St Louis, suggests that when you order new checks, you take them from the bank rather than send them home.

” Stolen checks can be exchanged and cashed by fraudsters, ” says Duni.

Also, never place outgoing mail in the post office or door slot for the operator to receive a mail. Anyone can take it and take your credit card numbers and other financial information. Bring it to the post office yourself.

  1. Review all debit and credit card statements every month, preferably once a week.
    Watch companies or individuals you don’t know get charged less than one or two dollars. Thieves who plan to buy a stolen credit card number block often first check that accounts are not cancelled by Aware customers, sometimes posting a small fee for just a few cents.

If the initial charge is successful, they buy the stolen data and make a much larger charge or purchase. They estimate that most cardholders won’t notice such a small fee.

Also, most of the fraud alerts you can set in your accounts are not triggered by small dollar amounts.

It’s also a good idea to review your credit report regularly, but it’s often too late when a fraudulent transaction reaches your credit report.

  1. If an ATM or store terminal looks funny, don’t use it.
    “Make sure there’s no device plugged into the ATM card slot you’re using,” says Wells. “As a general rule, the mouth of the card slot in an ATM machine must be flush with the machine or have a very light lip.”

If it looks or feels different when you swipe your card, or if there’s an extra piece of plastic sticking out of the card slot, a slider could be an electronic device placed by thieves who catch you when you swipe your credit card information.

Check your accounts regularly for suspicious or fraudulent fees.

  1. Identity thieves love travelers and tourists.
    Scott Stevenson, founder and CEO of eliminate ID theft protection company identity theft, ATMs, on the phone or when you use a credit card to be alert to strangers wandering around, and the avoidance of public wireless internet connections unless your laptop or you have a smart phone warns travelers about the enhanced security protection. *

7. Identity thieves are sneaky; you have to be sneaky.
There are a few simple things you can do to protect your credit card in case it falls into the wrong hands.

“Sign your credit card with a Sharpie so your signature can’t be erased and overwritten,” says Echo Montgomery Garrett, a writer in Marietta, Georgia.

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Consultant Sarah Browne, of Carmel, California, had all but one credit card stolen from a hotel room. The reserved card still has a” please activate ” sticker on it. Although Browne activated the card, he forgot to remove the sticker.
” The thieves must have known you had to activate a new card from the phone number listed with the credit card company, so they didn’t mess with it, ” he said, adding that since then the activation tags all the cards.

Indeed, when a thief shot him a second time at a public post, Browne’s adhesive cards were again untouched.

  1. Pay attention to the payline.
    If a cashier or salesperson picks up your card and walks away from you, or it usually takes too long to do a normal transaction, they may be scanning your card into a handheld surveillance terminal to collect the information.

But they don’t need a handheld scanner to capture your information. According to Mark Cravens, the Anti-Scam doctor and author of “the Ten Commandments of investing,” they can take a photo of the front and back of your card with a mobile phone, or simply swap cards.

” Look when they give your card back and make sure it’s yours, not another gold, silver or blue card that looks like yourself, ” he says. “You may not notice that they change your card for days.”

Ninth Go as far as you can without paper.
Sandy Shore, director of education with Novadebt, a nonprofit, New Jersey-based credit counseling agency, advises clients to cut down on mail they receive from banks and financial institutions by stopping paper bills and declarations.

” Access your financial statements from the publisher’s website instead, ” he says. This strategy has an additional environmental benefit bonus.

Similarly, Vaclav Vincalek, president of Pacific Coast Information Systems, an IT security firm, recommends that the paper receipts and financial statements you receive go through the shredder rather than the wastebasket.

“Never discard a credit card receipt,” he says. “Instead shred anything with any number, name, address on it.”

  1. If you suspect you have fallen victim to identity theft, send a 90-day fraud alert.
    If you are concerned that your personal information (credit card or otherwise) may have been compromised, contact one of the major credit bureaus (Equifax, TransUnion and Experian) and ask for an initial 90-day fraud alert for your credit report files at each bureau .

The warning gives you a free credit report from each bureau and reduces the risk of unauthorized credit activity by telling potential creditors to contact you directly before opening any new credit limits on your name.

Then, if you discover fraudulent activity after reviewing your credit reports, take the warning a step further and freeze your credit while objecting to illegitimacy . Contrary to the free fraud warning, however, a credit freeze fee is about $ 30 and prevents all access to the new credit limits by locking up your credit report.

  • – As originally published, this story incorrectly stated that your hotel room keys contained your personal information

You don’t have to be indebted!


It is entirely possible to use credit cards regularly and stay out of debt forever.

How? By paying the amount you can only pay when the bill arrives. Use credit cards as a means of payment, not as a means of revolving debt.

To run this method, you must monitor costs and cash flow.

2nd ed. Know when short-term loans are meaningful.
Sometimes financing a purchase with a credit card is prudent – as long as the repayment period is short.

Let’s say, for example, that you want $ 1,500 worth of living room furniture, but you don’t have the money to pay for it right away. If you borrow items from a credit card with an 18 per cent interest rate and cover the balance within four months, the financing fees total only $ 57. Not a bad deal.

However, if you extended it for two years, you’d pay an extra $ 300 – quite a mark-up.

  1. it’s easy because it’s owed, it’s hard to repay.
    Without caution, it’s fairly easy to sink into overwhelming debt.

When cardholders start, credit card limits are typically low, but typically rise over time, which makes overcharging attractive. Paying down debt is difficult because interest compounds and payments increase as the balance rises.

With funds promised past spending, there is less money for current and future expenses.

  1. Debt affects your credit score.
    Not only is it wise to keep debt free for your own balance, but keeping high balances negatively affects your credit score.

Lucy Duni, a consultant who works with TransUnion, says that to maintain a high score, your account balance must be below 30 per cent of your current credit limit. And many personal finance experts recommend keeping your loan usage as close to zero as possible.

Timely payments are also vital. If you fall behind and skip a billing cycle, the creditor will report the payment to the three major credit reporting bureaus (TransUnion, Equifax and Experian) after 60 days, and your score will drop markedly.

When you miss paying more, you’ll see a dramatic drop in your credit score.

And those negative signs don’t fall off your credit reports for a full seven years!

Related: Fico’s 5 factors: components of the FICO credit rating

  1. Develop a repayment plan.
    Even if you’re deep down, you can probably get out of debt with a commitment and a plan.

Norman Perlmutter, author of “how to settle your debts,” recommends going into “crisis money management mode” :

Limit spending to basic needs to free up money to pay for it.
Ask creditors if they will lower the interest rates on your cards.
Prioritise payments based on interest rates (pay the high interest balance first).
Suspend the charge while in refund mode.

  1. you can’t pay? Ask for help.
    While your credit card company has no obligation to accept less than the minimum payment requested, don’t be afraid.

” Work with your credit card company to make payment agreements, “says Lita Epstein, author of” The Complete Idiot’s Guide To Improving Your Credit Score.”

” If this fails, work with a credit adviser from the National Credit Counseling Foundation to create a repayment plan, ” he says.

7th ed. Sit carefully.
Do you want to settle your credit card debt to a lower amount than the actual balance ? This is possible, but you need to offer a lump sum payment, and most creditors require borrowers to stay at least a few months behind.

It’s best to arrange such a deal on its own, because the companies that facilitate it often charge a substantial fee, and some are not very respectable. Still, payments should be tried after less radical steps to eliminate debt failure, as they can lead to significant credit harm and tax problems.

” Forgiven debt is often reported as taxable income, ” says Perlmutter.

  1. You can’t go to jail for not being paid, but…
    If you’re worried about spending time behind bars to avoid paying off your credit card debt, know there’s no debtor prison in the US. But there are other legal repercussions you should be aware of.

A creditor can sue you in a court of law and if they win a judgment , they can keep your salaries or take goods and assets that are not exempt. Free of living debt is within the capacity of each cardholder.

The key is to be aware of charges and balances at all times and to address credit issues immediately.

How can you establish a positive and productive relationship with credit cards?


By learning the basics before applying to an account. Understanding the basics, from knowing which types of credit cards are available to legalities of use, will help you charge wisely from the moment you pick up this powerful piece of plastic.

See related cards: first card dilemma: student card and safe card

1st. There are different types of cards to choose from.
There are several types of credit cards: general purpose cards can be used everywhere, while private-label retail cards can usually be used only at the issuing store or service station.

Most general purpose cards are precarious , meaning the publisher extends a credit limit based mainly on your credit history .

Conversely, secure Cards are supported by funds you put into a deposit account that the creditor can claim if you default. Qualification is relatively easy, as creditors take little risk with secured cards, so it’s ideal for those with damaged or unspecified loans.

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Robert Manning, a professor of consumer finance and director of the Consumer Financial Services Center at the Rochester Institute of Technology, recommends asking the guarantor if there will be an unsecured card once you build up your credit history.
” Make sure they report to credit bureaus as well, ” he says. If they don’t, you’re not going to build any history at all.

2nd ed. There aren’t the perfect number of credit cards you should have.
FICO is the consumer division of the company that invented the credit risk score myfıco.com according to the, the average consumer has nine credit cards.

The person does not have the perfect number of credit cards to have. A few general purpose cards suit most consumers ‘ needs.

If you want a retail card, make sure it’s for a store that you use frequently, and retail cards offer an incentive to use it because they typically impose higher interest rates than general purpose cards.

See related information: how many cards should you have?

  1. You should understand the interest rates on your card.
    Credit card interest rates can vary significantly-from 0 per cent to 30 per cent on limited-term balance transfer offers.

Creditors use factors such as your credit score , income, assets, current debt load, credit queries , payment history and economic circumstances to determine your annual percentage rate (APR).

Who gets the best (lowest) rates? Consumers whose credit history is positive and proven.

  1. It’s very important to compare cards.
    Banks, credit unions, retailers and credit card companies issue credit cards. (Visa and Mastercard are the companies that help process payments; they don’t issue cards.)

The best way to apply for an account, says Lita Epstein, author of “full idiot’s Guide to Boosting Your Credit Score,” is to “find the card with the best prices and terms by researching online options.”

This targeted search approach can protect your credit score against too many unnecessary investigations.

See related information: comparing various types of credit cards

  1. The contract is binding.
    Read the agreement carefully, because after you sign it, you will create a legal agreement and agree to the terms set by the publisher. These:

Credit limit
The total amount you can charge, including interest and fees.
Annual percentage rate (APR).
Interest on carried balances. It often predicts a higher rate for late payment, payment beyond your limit, balance transfers and cash advances.
Method of calculating interest.
Most calculate the interest rate by taking the average of the Daily account balance and then calculate that figure at the periodic rate (divided by Apr’s number of days in a year).
Fixed or variable APR .
Fixed-rate APRs have consistent interest rates. Variable APRs are linked to an index (usually the main loan interest rate set by the Federal Reserve) and therefore fluctuate.
Additional airtime .
The additional period is the number of days (usually between 20 and 30) you have to pay in full before interest is added.
Fees .
The usual fees include those for cash advances, balance transfers, late payment, exceeding your credit limit and sometimes an annual fee. t 800 number, online account management, and account termination.
Note that most lenders reserve the right to change any of these terms, so check your mail carefully for regulation notices.

  1. You can make the full payment … or not.
    You borrow money every time you charge it.

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However, because credit cards offer a rotating balance option, you don’t have to pay the entire loan – at least as long as you make the minimum payment requested, you can move the remainder to the following month. Interest will be added to the balance.
But avoid making the minimum payment . ” Your creditor may think you’re high risk and increase your interest rate accordingly, ” warns Manning

7. You have rights.
You have the right to legal treatment as a cardholder. The Lending Act requires issuers to explain in detail all the terms of the contract in language that an average adult can understand.

Are you having trouble with your bill? The Fair Credit Billing Act gives you the right to dispute and correct errors and protects your credit rating during the transaction.

After all, there is no secret to using credit cards wisely. If you get a low-paid account, you always pay on time, and if you don’t lend month-to-month, the remuneration is free.

Even better, if your card has a good rewards program, you can even stand out by using them.

Credit cards


Learn about your credit card rights and how to choose the Right Card.

Credit card laws credit card protection
Choose A Credit Card

It is important to shop when applying for credit cards. There are many credit cards with various features, but not a single best card. Consider the following factors when trying to find the credit card that best suits your needs:

April April is a measure of the cost of credit, expressed as an annual interest rate. If the interest rate is variable, ask how it is set and when it can change.
Periodic rate-this is the interest rate used to determine the financing charge on your balance during each billing period.
Annual fee-while some credit cards do not have an annual fee, others expect you to pay an amount each year to become a cardholder.
Reward programs-can you earn points for flights, hotel stays and gift certificates to your favorite retailers? Use online tools to find the card that offers the best rewards for you.

Grace period-this is the number of days you have to pay your bill in full before finance charges start. Without this period, you may be required to pay interest from the date you used your card or the date the purchase was sent to your account.
Financing fees-most lenders calculate financing fees using the average daily account balance: the average of those you owe each day in the billing cycle. Look for offers that use a Adjusted balance that subtracts your monthly payment from your initial balance. Avoid offers that use the previous balance when calculating your debt; this method has the highest finance charge. Also, find out if there is a minimum funding fee.

Other fees-are there fees if you take a cash advance, pay late or exceed your credit limit? Some credit card companies also charge monthly fees. Be careful: sometimes companies can also try to sell by offering other services you don’t need, such as credit protection, insurance or debt coverage.
Terms and Conditions – read the agreement before applying to the card to make sure you agree to terms such as mandatory arbitration or re-clause provisions.

Security features-does the card allow you to turn it on or off immediately after purchases, receive fraud alerts or receive text messages?
Chip and PIN-does the card editor offer chip and PIN security features that use embedded chips instead of magnetic strips? You may need this type of card if you are travelling internationally. In 2015, vendors and businesses in the US were required to add in-store technology and processing systems so you could shop using a chip card.
The Fair Credit and Charge Card Disclosure Act requires credit and debit card providers to include all of the above information on credit practices.

Credit Card Guides
Get tips to help you choose and use your credit card:

Credit card guide-learn about the important things to consider when choosing a credit card, such as customer service, transaction fees and more.
Shopping with a credit card-learn how to plan, shop and buy a credit card that best suits your needs.
Using a credit card-get basic information about using your credit card, including refunds, errors, disputes, unauthorized payments, and security.

Credit Card Laws

The credit card arrangement protects you from unfair practices, gives you the right to object to charges on your credit card, and allows you to file a complaint with your credit card company.

Credit Card Holders ‘ Rights
Credit Card law, often called the credit card holders Rights Act, protects you in two ways:

Fairness – by banning certain practices that are unfair or abusive, such as raising the rate to an existing balance or allowing you to overspend and then imposing an overpayment fee
Transparency – make rates and fees on credit cards more transparent so you can understand how much you’re paying for your credit card
Objection To Credit Card Charges
Under the Fair Credit Billing Act (PDF, Download Adobe Reader ) , you are entitled to dispute charges on your credit card that you did or did not wrong, or that you did not receive goods or services. Follow the guidelines below to contest a payment:

Send a letter to the creditor within 60 days of the postmark of the invoice with the contested fee.
Include your name and account number, the date and amount of the contested fee, and a full explanation of why you objected to the payment.
Send your letter by approved mail with a refundable receipt to ensure it is received.

The credit or card issuer must accept your letter in writing within 30 days of receipt and make inquiries within 90 days. You do not have to pay the amount contested during the investigation.
If there is a mistake , the creditor should deposit money into your account and remove all fees.
If the bill is correct , you must tell me in writing what you owe and why. You must pay along with the relevant financial costs.
If you do not agree with the creditor’s decision, file an appeal with the Consumer Financial Protection Bureau (CFPB).

For problems with your credit card company, call the number on the back of your card or submit a complaint to the CFPB . This includes managing your credit card account, billing disputes, changes in your annual percentage rate (APR) and unauthorized transactions. If you can’t solve the problem, ask for the name, address and phone number of the card company’s Regulatory Authority.

Credit Card Protection
Did you know that your credit card may offer you other protections that are not usually advertised ?

When using your credit card for travel purchases, your credit card regulator may offer you travel insurance in certain circumstances:

Your trip was delayed.

If you or a family member is ill, you should cancel your trip.
Your luggage is lost during your trip.
If you rent a car, you may be given an auto insurance coverage as part of the rental. Some credit card networks even offer refund assistance programs that expand the window for returning unused products. Remember: rules vary between cards and publishers.

Find your credit card contract by checking the CFPB database to find out about the special protections your card offers . The agreements also cover the fees, features, terms and conditions of your credit card. Learn more by examining a sample credit card agreement .

Mexico stamped US visas


Many people who have a nonimmigrant visa in the United States can extend their status or convert to a different nonimmigrant status. A non-immigrant status can allow him to stay in the United States and / or work legally if they have a work visa. However, if the current visa stamp on their passport has expired or is about to expire, they will need a new visa stamp before re-entering the United States. This is also true if they are going to travel abroad. It is important to understand that legal status and visa stamps are two different issues. See visa stamp and authorized stay for more details.
There are two options for stamping a person visa on a non-immigrant visa:
1st. Go to a neighboring country, such as Canada or Mexico.
2nd ed. Go to their home countries for Visa stamping.
If appropriate, many would prefer to go to Canada or Mexico because of its geographic proximity to the United States.
U.S. consulates in Mexico are located in the following cities::

  • Ciudad Juarez
  • Matamoros
  • Nogales
  • Nuevo Laredo
  • Tijuana
    All these U.S. consulates are collectively referred to as border posts.
    Please note that the visa stamping process in Mexico takes at least three days: one day for fingerprinting, another day for an interview and a third day for passport retrieval. However, it may take longer.

Visitor Insurance

Pre-Existing Conditions

In general, Third-Country citizens (Tcns or non-Mexican citizens) living in the United States may be eligible to renew their visas in Mexico if they are renewed in the same visa category (except B-1, b-2, or H-2). You are eligible to obtain a stamped visa in Canada or Mexico if you have never been “out of the situation”. Form I-797, EAD card, form I-94, payment drafts, etc. you can use it. to prove his status. If you can’t prove you’re”in status “—or are actually”out of status ” —you need to go to your country of citizenship for Visa stamping.
If you are changing any non-F-1 (i.e. B-1, H-4, J-1) to H-1 status, you should consult an immigration lawyer before heading to Mexico for Visa stamping.
If you are not a Mexican citizen and are currently staying in the United States, you can apply for a new visa in Mexico for the following types of visas::
– Student

  • Exchange visitors
    – Journalist
    – Religious
  • Temporary worker (H, L, O, P)
    – Crew
    Additionally, the following categories of third country citizens (TCNs) may apply for a U.S. visa in Mexico:
  • Third-country nationals who normally reside in a visa waiver program (VWP) country and have lost or stolen their biometric passports can apply in Mexico for a tourist (B-1/b-2) or transit (C) visa to return to their home country.
  • Third-country nationals who normally reside in a country without visa exemption and have lost or stolen their visas can apply in Mexico to renew their tourist (B-1/b-2) visas to return to their home countries.
    The following categories of third country citizens cannot apply in Mexico:
  • If you want to obtain a visa for a visitor, transit, diplomat, treaty trader, treaty investor, H-1A, H-2A, H-2B or Q employee, you must apply for a visa in your country if you are not a Mexican citizen.
  • There is no visa available for crew in Nuevo Laredo.
  • You have never been “out of the situation” because you overstayed your visa or I-94.
  • Third country citizens who are not residents of Mexico and apply for a B-1/b-2 visa (including B-1/b-2 renewals).
  • Applicants entering the United States on a visa issued in their home country and seeking a new visa in a different visa category with USCIS in the United States.
  • Candidates who enter the United States in a visa category and wish to re-enter the United States in a different visa category.
  • Candidates entering the United States under the Visa Waiver Program.
  • Applicants who receive their current visas in a country other than their legal residence.
  • Candidates who report that they are subject to National Security Entry and Exit Records (NSEERs) when they receive the original visa in their home country)
  • Citizens of North Korea, Cuba, Syria, Sudan or Iran.

Visitor Insurance

Why buy Insubuy?Risks
Such applicants may face difficulties applying for a visa outside their area during the interview. Often, visas can be refused because the consular officer may not be familiar with the documents in the applicant’s home country, or they believe that indicators of fraud are present in the applicant’s file.
Applicants can only re-enter the United States if they are found eligible for a new visa and actually have the visa stamped on their passport. I-94 forms accompanied by previously expired visas (even if valid) will no longer apply for people travelling from Canada or Mexico to automatically re-enter.
Additionally, if your application requires additional administrative processing, you may not be able to re-enter the United States until that process is completed. You should keep this in mind before deciding to go for Visa stamping in Canada or Mexico.

Visitor credit cards visa for medical treatment in the United States


People who want to go to the United States for medical treatment must meet the same requirements as those applying for tourist visas, such as social and economic ties to their home country. They must meet several additional requirements.
People with infectious diseases may not be able to get a visa.
If you want to help a relative in the United States with a procedure such as kidney donation, you must present medical documents to both the country and the United States that a suitable donor and all necessary matching and screening have been made in advance.
Visa applicants seeking medical treatment in the United States must present evidence from the recommended list below to help establish their eligibility for a visa. Such evidence does not guarantee the issuance of a visa if the applicant is found to be otherwise ineligible.

  • It should be determined that the treatment sought is not available in its home country and that medical facilities in the United States hold out hope of a cure.

You should also go to a U.S. Embassy Panel doctor to determine whether the treatment is available in their home country or should be performed in the United States.

  • A letter from your doctor in your country stating the diagnosis of your condition and what treatments will be required.
  • A statement from a U.S. doctor or institution accepting the patient for recommended medical treatment, estimated the total duration and total cost of treatment, including outpatient treatment, if the applicant is unable to return to the country immediately. A letter from this facility can be sent to your doctor or to you.

Visitor Insurance

Pre-Existing Conditions

  • Evidence that you have been accepted for treatment at a licensed medical facility in the United States and that you have an appointment.
  • Documents on how to meet all expected costs. You must determine that sufficient funds are available to pay for medical and living expenses during any period of treatment and recovery in the United States.

Such evidence may include the following
he is an original bank statement detailing all deposits, withdrawals and fund transfers for the past year.
he does not appear to have health insurance for any visitors to pay for this purpose. None of the visitor insurance plans cover this (neither those purchased domestically nor those purchased in the United States). Insurance is for future unpredictable protection, and it’s not free money to pay all your medical bills.

if those funds are to be provided by a close relative in the United States, a form I-134 Support statement must be provided with proof of claimed income and assets. Such evidence includes income tax records and bank statements showing transactions for the past year. Affidavits of people other than close relatives are unacceptable.