• Entering your PIN in reverse at an ATM still won't call the cops

    Updated: 2012-08-31 23:52:08
    An old urban myth is getting passed around on by email again, and it's as false as it ever was, even though there are new, ugly reasons to wish it were true. The bogus email says that, if you're ever forced by a robber to withdraw money from an ATM, you can send a silent alarm to police by punching in your PIN number in reverse. A series of forced-at-gunpoint robberies may have led to the renewed circulation of this rumor.

  • New job, stolen wallet make for a tragic-comic summer

    Updated: 2012-08-31 23:52:08
    What a summer. Cue the blistering heat, the West Nile virus scare, the Michael Phelps Olympics and the amped-up rhetoric of election year politics. For me, this summer also included a new beginning and some hard lessons learned. It was the Fourth of July. I decided to begin the day by making an appearance at my nearby gym. After a bout with the treadmill, I placed my valuables in a locker, locked it, took my shower and returned to the locker room 10 minutes later to find something was not ... quite ... right.

  • Emily's list: Starbucks Square edition

    Updated: 2012-08-31 23:52:08
    : Living with credit 485 New , interesting products 103 Research , regulation , industry reports 239 Rewards 47 Protecting yourself 176 The fine print 78 Credit card miscellany 383 Celebrity Money Watch 5 Print Email Emily's list : Starbucks Square edition Emily Starbuck Crone August 17, 2012 Living with credit Mobile payments have slowly but surely wriggled their way into American markets . Starbucks not related to me was ahead of the curve , introducing an app last year that allowed customers to pay with their mobile phone . Starbucks CEO Howard Schultz told CNN Money that the company is processing 1 million mobile transactions each week Schultz said , I can't think of anything we've introduced in the last 40 years that had this kind of adoption . Starting this fall , the coffee empire

  • Emily's list: Hurricane Isaac edition

    Updated: 2012-08-31 23:52:08
    Credit card debt and payday loans can wreak havoc on your finances in the long-term, but a powerful hurricane can destroy your home and savings in a matter of hours. Earlier this week, Hurricane Isaac kicked off hurricane season, giving a thorough beating to New Orleans, southern Florida, Haiti and the Dominican Republic. Here are our best resources for getting prepared for a hurricane or other weather emergency, plus other tips and advice from my favorite personal finance blog posts this week.

  • Emily's list: Bankruptcy edition

    Updated: 2012-08-31 23:52:08
    : Living with credit 486 New , interesting products 103 Research , regulation , industry reports 239 Rewards 47 Protecting yourself 177 The fine print 78 Credit card miscellany 383 Celebrity Money Watch 5 Print Email Emily's list : Bankruptcy edition Emily Starbuck Crone August 24, 2012 Living with credit I've been too busy to read most of the magazines I subscribe to lately , but last weekend , I found the time to flip through some piled-up issues . An article in Elle from earlier this summer called Going for Broke caught my eye . The journalist , Jessica Firger , tells her story of going through bankruptcy . I have to admit that I'm guilty of assuming most people who file for bankruptcy have simply made poor decisions . I haven't heard anyone tell their story in detail about how they got

  • Emily's list: EMV credit cards edition

    Updated: 2012-08-31 23:52:08
    On July 23, Bank of America announced that many of its consumer credit cards will soon have chip technology, which is the standard in Europe and many other countries. I'm thrilled because I am a long-time Bank of America customer and a frequent traveler. I actually just returned from a week and a half in Ireland. Quite a few people working at stores and restaurants expressed surprise that we still use magnetic stripe cards and said they seemed so much less secure. Learn more about that and read my roundup of my 10 favorite personal finance blog posts from the past week!

  • Got a credit card gripe? Complain: You're likely to get money back

    Updated: 2012-08-31 23:52:08
    After one year in operation, the federal watchdog over consumer financial products has issued its first annual report. Within it are statistics on how likely you are to get money back if you complain about credit cards, mortgages, etc. The good news for consumers? The odds of getting money back are nearly 50-50 for those who have a complaint about credit cards.

  • Emily's list: the high cost of going for the gold edition

    Updated: 2012-08-31 23:52:08
    The London 2012 summer Olympics have dominated television screens, magazine covers and office water-coolers for the past month. As CreditCards.com chronicles today, the quest for gold takes a lot of money, and athletes' families have run into financial hurdles -- some falling apart financially under the strain. Those struggles put an even more human face on the athletes and their families. Keep on reading for my 10 favorite personal finance blog posts from the past week, including one about how to be a financial Olympian.

  • Please don't let me buy a big screen TV with your credit card

    Updated: 2012-08-31 23:52:08
    Dear Mr. [name withheld]; I've been shopping for a big-screen TV. Thanks for offering to buy me one. What? You say you don't know me? You say you didn't want to buy me a big-screen TV? Then don't ever do again what you just did: Send a stranger your name, address, and, most importantly, your credit card number.

  • 5 tips for keeping your wedding under budget

    Updated: 2012-08-31 23:52:08
    Living with credit 486 New , interesting products 103 Research , regulation , industry reports 239 Rewards 47 Protecting yourself 177 The fine print 78 Credit card miscellany 383 Celebrity Money Watch 5 Print Email 5 tips for keeping your wedding under budget Kelly Dilworth August 17, 2012 Living with credit Last weekend , I married my Canadian sweetheart in a casual ceremony , surrounded by our closest friends and family . Less than a week later , I'm still having a hard time processing how much we actually spent on an event that lasted just a little more than five hours . I'm still not ready to tally up the final number . However , here's a hint : We spent nowhere near the average cost of a U.S . wedding , which hit 27,021 in 2011, according to TheKnot.com and WeddingChannel.com However

  • When to Make a Credit Card Prepayment

    Updated: 2012-08-31 23:48:06
    Do you have a strategy for making prepayments on your credit card balance? See how you can make the best use of early payments on a credit card.

  • Age Requirements for Credit Cards

    Updated: 2012-08-31 23:48:06
    Are you aware of the age restrictions used when analyzing your credit card application? Learn how you can avoid them and obtain a credit card?

  • What to Know about Travelling with a Credit Card

    Updated: 2012-08-31 23:48:06
    Read this guide to international credit card use before you travel. One tip just might save you thousands of dollars!

  • Making a Credit Card Travel Insurance Claim

    Updated: 2012-08-31 23:48:06
    Learn how to claim travel insurance benefits on your credit card account. Travel insurance protects you from financial risk in the event you cannot make it to your favorite travel destination.

  • Should Students Have Credit Cards?

    Updated: 2012-08-31 23:48:06
    Credit cards have their pros and cons, but are they right for everyone? Should students have a credit card?

  • Secured vs. Unsecured Cards

    Updated: 2012-08-31 23:48:06
    Know the difference between secured and unsecured credit cards before you apply. Here is everything you need to know about the two types of credit cards.

  • Paying for a Car with a Credit Card

    Updated: 2012-08-31 23:48:06
    Have you ever thought that you can save while buying a car with your credit card? Believe it or not but it's true especially you are buying a used one.

  • How to Use a Debt Snowball to Pay off Credit Card Balances

    Updated: 2012-08-31 23:48:06
    Have you ever heard about the "Debt Snowball"? It's a well known technique that helps you to repay your debts faster.

  • Your Credit Card Deserves Automatic Payments

    Updated: 2012-08-31 23:48:06
    See why you should automate your credit card payments. Also find out about one major risk to avoid.

  • Will A Late Payment Ruin Your Credit?

    Updated: 2012-08-31 23:48:06
    Late payments and credit scores are complicated. Let’s make sense of how late payments affect your credit score.

  • When Credit History Really Matters

    Updated: 2012-08-31 23:48:06
    Credit history isn’t important to getting a credit card. Learn why credit history is very important for mortgages – and why you should open a credit card now.

  • What is a Credit Card PIN?

    Updated: 2012-08-31 23:48:06
    Credit card PINs come with most credit cards today. See why you might need to have a PIN for your credit card.

  • The Manual for Using Your Credit Card

    Updated: 2012-08-31 23:48:06
    Learn the three critical things you must do with your credit card. Do you do all three?

  • Pros and Cons of Rewards Credit Cards

    Updated: 2012-08-31 23:48:06
    Rewards credit cards are not for everyone. See who should – and who shouldn’t – have a credit card.

  • Picking the Right Credit Card Network

    Updated: 2012-08-31 23:48:06
    It isn’t all about the issuer when it comes to credit cards. See why you should be sure to look closely at a credit card network before you apply.

  • Personalizing a Credit Card

    Updated: 2012-08-31 23:48:06
    Personalizing a credit card isn’t just for show-offs. See how personalization can save you time at the checkout line.

  • How to Use Chargebacks to Your Advantage

    Updated: 2012-08-31 23:48:06
    A chargeback can return your money after you make a purchase. Learn how chargebacks work, and why you should know this very valuable credit card benefit.

  • How to Pay off Credit Card Debt Even Faster

    Updated: 2012-08-31 23:48:06
    See how you can pay off your credit card debt even faster. This tips could shave months or years off your goal to being debt free.

  • How to Negotiate with a Credit Card Company

    Updated: 2012-08-31 23:48:06
    There are many credit card attributes that can be negotiated by the consumer. Learn where you can have an edge in negotiating with your credit card company.

  • How to Get a Bigger Credit Line

    Updated: 2012-08-31 23:48:06
    Getting a better credit line is easier than you might think. Use these three methods to get a credit limit increase.

  • How to Avoid Debt Stress

    Updated: 2012-08-31 23:48:06
    Paying down debt shouldn’t be stressful. Here are some tips to avoid the stress of too much credit card debt.

  • How Price Assurance Works

    Updated: 2012-08-31 23:48:06
    Price assurance is a hot benefit in credit cards. See how you can benefit from price assurance on your high-end credit cards.

  • How Credit Card Rewards Work

    Updated: 2012-08-31 23:48:06
    Credit card rewards pay people to use credit cards. Learn more about how rewards work, and how much you can earn with your credit card.

  • End of Life Planning and Credit Card Debt

    Updated: 2012-08-31 23:48:06
    Who pays off a credit card if the debtor passes away? Learn more about end of life planning and debt.

  • Change a Credit Card Due Date

    Updated: 2012-08-31 23:48:06
    Changing a credit card due date is a great way to never miss a payment and consolidate your finances. Learn how to pick a new due date for your credit cards.

  • 5 Things to Know About a Joint Credit Card Account

    Updated: 2012-08-31 23:48:06
    Know these 5 things before you open a joint account. We’ll share all the must know, vital information to consider when opening a joint credit card account.

  • 3 Things to Know About Credit Reporting

    Updated: 2012-08-31 23:48:06
    Learn what you must know about your credit report and score. Did you know these 3 important facts?

  • 3 Steps to Grabbing a No-Interest Card

    Updated: 2012-08-31 23:48:06
    Here’s how you can get a zero-interest credit card. See what you need to get the best credit card perks.

  • One Credit Card Scam to Avoid

    Updated: 2012-08-31 23:48:06
    A common scam steals thousands of credit card numbers each month. See why you should be careful about which phone calls you answer.

  • How to File a Credit Card Complaint

    Updated: 2012-08-31 23:48:06
    Make your voice heard! A new government agency makes it easier to communicate concerns about any financial product online in a public format viewable by anyone. Learn how it works.

  • Getting a Credit Card after Bankruptcy

    Updated: 2012-08-31 23:48:06
    Bankruptcy is not the end to your life with credit. We'll show you how to start rebuilding your credit immediately after a bankruptcy filing.

  • Save Money with Store Credit Cards

    Updated: 2012-08-31 23:48:06
    Several reasons why you should choose a store co-branded credit card instead of a simple one.

  • How to Pick the Right Secured Card

    Updated: 2012-08-31 23:48:06
    If your credit history doesn't allow you to get a regular credit card, you can always choose a secured one, which is a viable alternative.

  • How Balance Transfer Arbitrage Works

    Updated: 2012-08-31 23:48:06
    Some people use balance transfer arbitrage to make hundreds of dollars per year with their credit cards. See how they do it.

  • National Mortgage Servicing Settlement Progress Report: Little to Show (And Little Expected)

    Updated: 2012-08-31 22:31:13
    The official monitor for the mortgage servicing fraud settlement has put out a progress report on settlement implementation. It's a preliminary report that is not required of the monitor, so I don't want to be too critical, but I hope...

  • Will the Bitcoin Credit Card Fly or Flop?

    Updated: 2012-08-31 17:00:55
    Will the Bitcoin Credit Card Fly or Flop by Ben DeMeter on August 31, 2012 Bitcoin . It’s the most popular community-backed currency on the Internet . Beloved by tech gurus and black-market vendors alike , it gives people a truly secure way to spend their money off-the-grid and away from the prying eyes of banks and regulatory agencies . And now , apparently , it’s coming to a credit card near . you This week , the popular Bitcoin exchange service BitInstant announced that it would be partnering with two major banks to release a Bitcoin-funded credit card within the next two months . According to BitInstant’s founder Charlie Shrem , the card will function as a standard debit and credit card that instantly converts its Bitcoin reserve to the appropriate currency when used . Each card will

  • NYT on Student Loans in Bankruptcy

    Updated: 2012-08-31 16:09:31
    At the New York Times, Ron Lieber has a story about the treatment of student loans in bankruptcy. The story does a good job of explaining the harshness and capriciousness of the current system, but it is a story that...

  • Mother Raising Money to See Daughter’s Killer Die

    Updated: 2012-08-29 17:00:45
    Mother Raising Money to See Daughter’s Killer Die by Ben DeMeter on August 29, 2012 Everyone has their own interpretation of what’s just in this world . For Tina Curl , justice will be served only when she watches the lethal cocktail of Pavulon , sodium thiopental and potassium chloride seep into Donald Moeller’s veins . The world will be just only when she witnesses Moeller fight and struggle against the gurney straps until he draws his last . breath Tina has waited 22 years to see the man who raped and killed her 9-year-old daughter die . Now , that day has finally arrived . The only problem is that Tina and her husband can’t afford to make the trip Tina and her husband Dave are currently living off of a 721 monthly check that Tina receives for disability Dave is unemployed , but looking

  • Facebook is Sinking Fast as Investors Bail Out

    Updated: 2012-08-27 17:00:09
    Facebook is Sinking Fast as Investors Bail Out by Ben DeMeter on August 27, 2012 If you’re one of the millions of investors who are hanging on to their Facebook shares , it might be time to ask your broker to please stop the ride and let you off . The struggling social network has been in a tailspin ever since it went public , and this week it suffered yet another crushing blow after some of its biggest and most faithful insiders decided to dump their shares and go off in search of something better . The future now looks immutably grim for . Facebook Facebook is currently trading at around 19.24 a share . That’s nearly half of its IPO value of 38 a share , and now that the initial shares are being unlocked for resale , look for that number to drop even further . Just this week , for

  • Why No Prosecutions

    Updated: 2012-08-26 14:59:39
    The NYTimes had a very good editorial today bemoaning, with resignation, that there will not be any serious prosecutions of senior bank executives or institutions for the financial crisis. The biggest fish to be caught was Lee Farkas. Who? That's...

  • Cramdown and the Cost of Mortgage Credit

    Updated: 2012-08-25 13:43:29
    Joshua Goodman at the Harvard Kennedy School and I have a new paper out examining the impact of Chapter 13 cramdown on the cost and availability of mortgage credit. Historically, when cramdown was permitted in some judicial districts prior to...

  • Payday and Title Loan News Today

    Updated: 2012-08-24 21:14:57
    If you are interested in two fascinating stories on payday and title lending, check out these two links. The payday article is entitled Payday Lenders Using Courts to Create Modern-Day Debtors’ Prisons in Missouri, and the title loan one is...

  • Toddlers and Tiaras – A Lesson in Financial Irresponsibility

    Updated: 2012-08-24 17:00:44
    Toddlers and Tiaras A Lesson in Financial Irresponsibility by Ben DeMeter on August 24, 2012 Is there anything more American than toddler pageants Not if you ask the fans of TLC’s controversial hit show Toddlers and Tiaras . Now in its fifth season , the glitzed-up sideshow is still one of the most popular programs on cable television . Oh , and don’t forget about the overnight success of TLC’s new spinoff , Here Comes Honey Boo-Boo . Yep , it’s safe to say that there’s never been a better time to be the daughter of stage parents . And quite frankly , that worries . us We’re not here to debate the ethics of tethering a young child’s sense of self-worth to a superficial beauty contest , because plenty of psychologists have done that for us already . No , what concerns us is that these

  • Credit Card Offers On Our Radar

    Updated: 2012-08-23 03:54:54
    Here are the top 28 credit card offers on Outlaw's radar this month... I've been a bit of a politico lately, but in the meantime Credit Card Outlaw's list of featured deals has expanded rapidly! There are now 28 credit card offers on our radar - you can review, compare, and apply online for any of them right here, but here's a quick round-up of each card and its top features. Also, over on Outlaw you can read real user reviews from people who already have these particular cards. 1. Starwood Preferred Guest Credit Card - earn up to 30,000...

  • New Frontiers in Systemic Risk

    Updated: 2012-08-22 19:44:05
    My oldest leaves for college in the morning. Yesterday, we were talking to him about his new bank account and how to use it responsibly to avoid overdrafts, fees, and such. The conversation gave me a new factor to consider...

  • Famous American Bank Heists: The Great Brinks Robbery

    Updated: 2012-08-22 17:00:38
    : Famous American Bank Heists : The Great Brinks Robbery by Ben DeMeter on August 22, 2012 Bank heists , illegal and reckless though they may be , hold a special place in the American heart . Although modern technology has made getting away with an armed bank robbery virtually impossible these days , we live in a country that was founded by rebels . It’s our heritage . It’s why big buildings full of money still call out to that special red , white and blue place inside that makes us wanna don a Nixon mask help ourselves to some cash and then go surfing . Hollywood knows . We just eat it . up In honor of this staple of American culture , we’ve decided to start a new series that revisits some of the most famous bank robberies in American history . This week , we’ll be discussing one of the

  • Do Your Research, Ezra Klein!

    Updated: 2012-08-21 22:53:06
    Ezra Klein has joined the melee over the Obama Administration's housing policy failure with an apologia for the Administration. Klein argues: The right question on housing, then, is not whether the administration’s policies proved insufficient. They did. It’s what would...

  • Are Mexican Money Launderers Running Wal-Mart?

    Updated: 2012-08-20 17:00:21
    Are Mexican Money Launderers Running Wal-Mart by Ben DeMeter on August 20, 2012 While Wal-Mart’s employees have been busy rolling back prices all summer , the corporation’s executives may have been busy rolling something else wads of laundered cash . This week , the world’s largest retail company landed itself in hot water with Congress when the ranking members of the Oversight and Energy Committees accused Wal-Mart of stonewalling an investigation into alleged corruption . Though no official charges have been filed against the superstore yet , this latest move seems to suggest that it’s only a matter of . time The congressional investigation began last April after the New York Times ran a story about how Wal-Mart had bribed its way into Mexico . According the Times , Wal-Mart allegedly

  • Your (100% Accurate) August Financial Horoscope

    Updated: 2012-08-17 17:00:51
    Your 100 Accurate August Financial Horoscope by Ben DeMeter on August 17, 2012 August is here again , which means that it’s time to go back to school with the most reliable financial horoscope on the Internet . After a few nights spent staring aimlessly into the heavens , the great and cheeky celestial bodies have finally surrendered their insights into your financial futures with us and we’re now ready to pass their wisdom on to . you So what will your fortunes hold this month Will your budgeting skills put you at the head of the class or will poor spending decisions leave you stuck waiting for the bus You’ll just have to read on to find . out Aries March 21 April 19 There are a lot of things hanging over your head right now , Aries . Consequently , it’s important to keep your life in

  • Has Starbucks Kicked Off the Mobile Payments Revolution?

    Updated: 2012-08-15 17:00:20
    Has Starbucks Kicked Off the Mobile Payments Revolution by Ben DeMeter on August 15, 2012 The mobile payments revolution appears to have finally begun , and the harbinger is none other than everyone’s favorite franchised coffee shop . This week , Starbucks officially announced that it will be forming a new partnership with Square , the mobile transaction platform . The historic move gives the mobile payments industry a real path into mainstream retail , and now that it’s finally happening , you might as well kiss your plastic credit cards goodbye . This revolution has been a long time coming . Since 2004, experts have been predicting that mobile payments would eventually take over the market . In 2006, PayPal reinforced this belief when it released its wildly popular smartphone app .

  • Will Real Money Gambling Save Facebook? Don’t Bet on It

    Updated: 2012-08-13 17:00:02
    Will Real Money Gambling Save Facebook Don’t Bet on It by Ben DeMeter on August 13, 2012 There’s a term they use in Hollywood to describe the precise moment when an original series or a franchise runs out of ideas and must resort to shameless stunts to stay relevant . It’s called jumping the shark” after a late Happy Days” episode in which director Ron Howard , in a desperate attempt to retain viewers , had the Fonz don water skis and launch himself over a shark . It’s also a concept that Facebook is now all too familiar . with This week , Mark Zuckerberg and company strapped on their finest pairs of skis and got some massive air when they announced that Facebook will now allow users to start gambling with real money instead of virtual credits . The executives of Facebook are hoping the

  • Avoid the New Chase Liquid Prepaid Debit Card

    Updated: 2012-08-10 17:00:39
    Avoid the New Chase Liquid Prepaid Debit Card by Ben DeMeter on August 10, 2012 Recently , Business Insider gave a glowing review to Chase’s new prepaid debit card , the Liquid . Unfortunately , it seems that Business Insider is easily impressed . While the site concludes that the Liquid actually looks like a decent product , we got our hands on the card’s terms and conditions and came away with a completely different impression . After reviewing the card for ourselves we can confidently say that the Liquid prepaid debit card is anything but decent . In fact , it’s pretty terrible . Here’s . why Like the Suze Orman prepaid card it’s not clear what purpose the Liquid prepaid debit card serves . Unlike a regular debit card , prepaid debit cards aren’t associated with any particular bank

  • Student Insurance for Study Abroad

    Updated: 2012-08-05 14:03:33
    You know that InternationalStudent.com brings you many useful tips and information to help you achieve your dream of studying abroad. But you may not know that we also provide affordable health insurance for when you are traveling and studying abroad. For international student coming to studying the USA, the fall semester is about to start. [...]

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