Credit card and banking issues that impact your wallet.
Chip cards arrived in 2016, but it’s unbelievable how many retailers still don’t have chip card readers. Card companies advertise this new technology as the latest breakthrough in security, yet, the rollout is slow. Plus, checkout is slow with EMV chip cards. The chip card changes shoppers should expect this year.
Costco will no longer take American Express. What the switch to Citi Visa means for shoppers.
Our wallets are full of new, shiny credit cards with an embossed chip in the middle. It’s supposed to be the latest and greatest technology to prevent fraud, but some are already falling apart.
Relentless calls from debt collectors irritate consumers. Even if you owe the debt, the collectors have to follow the rules. The Consumer Financial Protection Bureau is providing a free debt collection tool you can use to make sure your rights are not violated.
High interest savings accounts are no longer earning high interest. A new way to earn money for saving money.Many high yield savings accounts of just a few years ago are now
UPDATED: 1/24/2017 When consumers get their credit report for free, some are surprised it doesn’t contain their credit score. However, there are ways to get a FREE credit score.
We rely on our credit to buy homes, get a credit card, and get a job. Check your credit because 1 in 5 consumers have a mistake on their report according to the Federal Trade Commission.
Will the cost of swiping plastic get more expensive starting this weekend? It depends on who you ask. On Sunday, January 27, businesses who take Visa and MasterCard can begin imposing a surcharge on consumers who use credit. This new fee for consumers is being called a “checkout fee.” It can only be applied to credit cards, and not debit cards….
When you last checked your credit report, did you find mistakes? Studies show one in five reports has a mistake, and until recently there wasn’t much you could do. The new weapon in the fight to fix credit report mistakes.
I graduated high school and college without being taught how to balance a checkbook. Nobody taught me about the fine print in a mortgage or how to read one. These are basic skills everyone should have especially by the time you graduate college. A Northeast Ohio school is making sure students know the pros and cons of banking. The students…