Credit Cards // Current TV

CyberWar "Baby Steps" - Israelis vs. Saudis in Credit Card Hacking Battle

http://ieet.org/index.php/IEET/more/burgess20120118 CyberWar -- will it replace... more

googygood
added this
4 months ago
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0 comments

This 28-Year-Old Wants to Kill Credit Card Use

There's a tiny 12-person startup churning out of Des Moines, Iowa. Dwolla was... more

misfit20
added this
6 months ago
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22 comments

"The Great Extermination:The Middle Class in America"

Wealth and power are rapidly becoming concentrated at the top and the large global... more

mab001
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8 months ago
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Goldilocks and the Three Banks--pt.2

Now, every month, Goldilocks was receiving maybe 15 credit card offers a month. She was in denial at this point, just trying to drum up the payments on the cards she already had. She had accumulated about $15,000 in debt, and was faithfully listening to Dave Ramsey in the afternoons every chance she could, hoping that his wisdom would impart to her. She did pay off her smallest card, the one with a $500 limit. That felt great, and kept her in denial about her monthly routine for about another year. Then she heard Arianna Huffington suggest that we should all be boycotting the Big Banks, and we could do so by talking to the credit departments of our local banks. “That makes sense”, though Goldy. She composed a letter explaining the situation top to bottom, and handed it to Eva, a very helpful gal in the right department to turn around her life, she thought. Eva read the letter and replied: “Wow!” She went right to work, trying to secure a loan at about 12%, which sounded good to Goldy. But when Goldy went in the next day, it turned out that her earnings ratio was too low for the debt she’d incurred. Goldy went home sad, but not mad. She knew that Eva would have helped if she could have.

Another year went by, and offers were forthcoming. Godilocks gave it some thought, but every time she considered it, her stomach would tighten up, so she just kept paying the money, which also made her stomach tighten. It was hard to tell which source of the stomach-tightening was worse.
Finally, an offer came from Citi, and though she’d heard terrible foul things about the big corporation, she bit the bullet and read through the paperwork. 0% interest for over a year. That would save a bunch. $300 transfer fee. Well, that would be ok, she guessed. 24% interest if a payment is missed. She promised on her mother’s grave that she’d never in a million years ever miss another payment. She figured out that presently her interest payments were amounting to almost $250 a month, and decided that she would take a new direction in pro-activity, and make the call. Pretty soon. Well, actually, it needed to be thought about some more.

Then, the final finally arrived. It was in the form of an “All Things Considered” report on NPR. This was the trusted source that put Goldy over the top and got her to contact Citi. They were interviewing a girl who avoided all interest charges by signing for the 0% cards whenever she needed to. She’d pay the transfer fee, but at the end of the story they summed it up as if she hadn’t paid anything. In her head, Goldy’s addendum to the story was “Yeah, but there’s a fee, so don’t forget about it.”

She called a couple of days later. There were three cards to transfer. After the information was taken for the second card, the Citi associate tried to sell her a few other things; insurance and the like, but Goldy stalwartly replied “no” to all inquiries. They tried to send her the free trial periods, and she clearly reiterated, “no, please don’t send me anything that I have to cancel”. She tried to remind the associate that there was another card to transfer, but the associate had selling on her mind. She forgot entirely about the third card. She then tried to wrap up the conversation, and Goldy interjected, “What about my third card?” It was too late, the associate explained, blaming Goldy for withholding the information. “You’ll have to wait until you get your card, and then you can continue with the transferring. There was that knot again, but Goldy was too worn out to pursue an argument, and replied, “Thank you, I’ll do that.”

The day came when her card arrived. Goldilocks took a breath and tried to quell her disgust for partnering with one of the Big 3 corporations. “Maybe they’ve learned their lesson”, she thought. She had to admit that it made her feel relieved----empowered, even. She was down to two credit cards, one with 0% for a year, and the other one, the one that was only 19%, was cut more than half. The evil 29.99% cards were history! So, “Hurray!!” she uttered. “Maybe I’m out of the belly of the Beast”.

Two days later she got the bill for the remaining card from Chase, and on it, there was another $300 transfer fee.Now, every month, Goldilocks was receiving maybe 15 credit card offers a month. She... more

Signengis
added this
10 months ago
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A Story Of What Verizon Really Cares About... (as well as the incompitence of Lane County Oregon's law enforcement)

I know I have not been online for a few weeks, and there is a minor and major reason... more

Varex_Sythe
added this
11 months ago
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0 comments

Debit Cards Are Not Safe. « Ramani's blog

Use Physical(?) cash. http://ramanan50.wordpress.com/2011/05/14/debit-cards-are-not-safe/

ramanan50
added this
1 year ago
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0 comments

The Greatest Credit Card Offer of All Time!

Ladies and Gentlemen, I give you... The Zirconia Card... more

schreibot
added this
1 year ago
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0 comments

The Australian Government System and Its Role in Business Promotion

Political parties emerge to represent groups of people in the society. They act as the... more

fredcharpentier
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1 year ago
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0 comments

The future of banking? The credit card that will spell out your balance

Some 40 years after the humble magnetic strip changed banking forever, a new high-tech... more

GoldenHeart
added this
1 year ago
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2 comments

Officer used police database to steal identities to get phony credit cards

A Montgomery Police Department officer was indicted on federal wire fraud and identity theft charges, according to a statement released Friday from U.S. Attorney Leura G. Canary.

The indictment identifies Bradley Howard Pemberton, 41, a MPD sergeant. It alleges that through his position he was authorized to access the Law Enforcement Tactical System, which is maintained by the Alabama Criminal Justice Information Center. LETS provides law enforcement personnel with Alabama drivers license information, including a driver’s Social Security number, date of birth and home address, the release states.

While the information is to be used for law enforcement purposes only, the indictment alleges on Dec. 2, 2008, Pemberton used LETS to obtain the Social Security number and date of birth of an individual with the initials “BNP.” Pemberton applied for a Discover Card credit card over the Internet using his own address, but BNP’s name, Social Security number and date of birth, the release states.

Discover Card opened an account based on the application and Pemberton used the account to make payments on a previously fraudulently obtained American Express card account.

If convicted on both counts, Pemberton would face a statutory mandatory minimum sentence of two years imprisonment, a maximum sentence of 22 years imprisonment, a fine of up to $500,000, and an order of restitution, the release states.

In a statement released from the Department of Public Safety, Director Chris Murphy says the MPD placed Pemberton on mandatory leave with pay effective Feb. 10, 2011. The Department of Public Safety asked the Office of City Investigations to review the matter and after consultation with the attorney assigned, the MPD initiated proceedings to terminate Pemberton’s employment, Murphy said in the statement.

Pemberton was employed with MPD in April 1994. He is assigned to the Administrative Division as a police desk sergeant.

“Police officers have great authority, and with that authority comes great responsibility,” Murphy said. “In such a position of public trust, there are clear consequences when the high standards the city of Montgomery sets are not met. Mayor (Todd) Strange, Chief (Kevin) Murphy and I are committed to accountability to the people we serve.”

At Pemberton’s initial appearance Friday before United States Magistrate Judge Terry Moorer, Pemberton was released on a $25,000 unsecured bond. Arraignment has been set for April 6, 2011.

The case was investigated by the United States Secret Service and the Alabama Criminal Justice Information Center, with the cooperation of the MPD.

http://www.montgomeryadvertiser.com/article/20110225/NEWS/110225030/Montgomery%20officer%20indicted%20on%20fraud%20chargesA Montgomery Police Department officer was indicted on federal wire fraud and identity... more

bundlebear
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1 year ago
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2 comments

Current & Lowest Mortgage Rates Today | Home Mortgage Rate Calculator

Need a Purchase, Refinance, or Home Equity Mortgage? View & Analysis current... more

todaymortgagerates
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1 year ago
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0 comments

Funniest Credit Card Commercials of All Time

Credit card commercials have come a long way since Karl Malden shilling American... more

360quote
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1 year ago
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0 comments

First Premier Bankcard drops interest rate from 79.9% to 59.9% -- what a deal!

So, the strategy is punitive and the motive is remedial: You've got bad credit,... more

SocialImaging
added this
1 year ago
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0 comments

The Essence Of Educating Oneself On Credit Cards

Most people are concern about security these days, especially with the way the economy... more

fredcharpentier
added this
1 year ago
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0 comments

The Effect of High Interest Rates

A look at the long-term impact of high interest rates.

digitalfever
added this
1 year ago
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0 comments

Citi launches new ThankYou credit cards

Citi Cards has launched Citi ThankYou Cards, a new series of credit cards with... more

WBrowneNews
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1 year ago
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Google Working on a Mobile Payment Service

Business Week today reported that Google was considering building a payment and... more

itgrunts
added this
1 year ago
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0 comments

Hancock Bank website

The online application links for both cards redirects consumers to the First Bankcard... more

websmeo
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1 year ago
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0 comments

Top 10 Tips Using Student Credit Cards

Top 10 Tips Using Student Credit Cards For avoiding mistakes and attractive the... more

top10recent
added this
1 year ago
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0 comments

10 Things College Students Should Know About Credit Cards

If you're a student learning to navigate the waters of credit or a graduate... more

GoldenHeart
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1 year ago
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1 comment

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