Read More Chip-Enabled Cards Are Not a Perfect Solution

Chip-Enabled Cards Are Not a Perfect Solution

October 1, 2015 marked the deadline for merchants and banks to make the switch to computer chip-enabled credit cards, also known as EMV cards. Now retailers – not card issuing banks – are liable for in-store fraudulent purchases. That sounds great on the surface, but unfortunately it’s proving a half-baked solution to a serious problem. Problems […]

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Read More The Anatomy of Good Credit

The Anatomy of Good Credit

Your credit score matters and is fundamental to your overall financial health. Without a good credit score, you could be turned down for the loans you want and need or, if you can get a loan, you could pay excessive interest charges. A FICO (Fair Isaac and Company) score is the standard of assessing credit […]

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Read More Credit Reporting Complaints Rise Sharply According to CFPB Report

Credit Reporting Complaints Rise Sharply According to CFPB Report

The “big three” credit reporting companies (Equifax, Experian, and TransUnion) maintain credit files on more than 200 million Americans. In August, the Consumer Financial Protection Bureau issued a monthly report showing a rather significant increase in consumer complaints about their credit reports. Americans are also complaining more about issues related to their credit cards, student […]

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Read More Smart Plastic: Changing How You Leave a Tip

Smart Plastic: Changing How You Leave a Tip

With so-called EMV or chip-enabled credit cards replacing older magnetic stripe plastic across the U.S., foodies and others accustomed to leaving a tip may encounter some puzzling problems. That’s because the way EMV cards are processed for payment is slightly different than what consumers are accustomed to, and as a result you may need to […]

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