Credit card fraud was the most common type of identity theft in 2023, according to the Federal Trade Commission (FTC). With digital storage and transmission of information, hackers can use your credit card without physically stealing it. In fact, fraud on existing credit cards increased by 14% last year, reports the FTC. It's crucial to …

When you apply for a new credit account or update your personal information on an existing one, the creditor typically sends this information to the three major credit bureaus: TransUnion, Equifax, and Experian. This process is how your Social Security Number (SSN), whether correct or incorrect, gets included in your credit reports. Why Might an …

As a parent, investing in your child's education is one of the most significant financial commitments you'll make. While financial aid can provide valuable assistance, it may not always cover the full cost of college. In this comprehensive guide, we'll explore a range of saving strategies to help you bridge the gap and ensure your …

Navigating the financial landscape of college expenses can be challenging, especially when financial aid isn't enough. In this comprehensive guide, we'll delve into various strategies to help you bridge the gap and manage the costs of higher education effectively. Understanding the Financial ChallengeTransition: Despite the availability of financial aid, many students find themselves facing a …

Reporting identity theft effectively is crucial for halting fraudsters and recovering your stolen identity. While you cannot retrieve your compromised personal information, you can secure your accounts and limit fraudulent use of your details. Immediate Steps to Take 1. Report the Fraud to Your Creditors Act quickly if you discover unauthorized activities on your credit …

Collateral is anything you use to secure a loan, serving as a lender's safety net. If you fail to repay, the lender can seize the collateral to recoup losses. This asset can be physical, like a car, or financial, like cash in a bank account. Often, the item you're financing is the collateral itself. For …

Tax liens can have significant implications for your credit health. In this guide, we'll explore strategies for handling tax liens and mitigating their impact on your credit score. Understanding Tax Liens Let's start by understanding what tax liens are and how they affect your credit. Tax liens are legal claims by government entities against your …

Safeguarding yourself from credit repair scams is vital for financial security. In this guide, we'll uncover warning signs and red flags to help you avoid falling victim to fraudulent schemes. Understanding Credit Repair Scams Let's begin by understanding the nature of credit repair scams. Credit repair scams involve dishonest companies or individuals promising to improve …

Using a rewards credit card is a savvy way to maximize the value of your purchases. However, not all transactions will earn you cash back, rewards points, or miles. Let's dive into the types of purchases that won't net you any rewards. 1. Cash Advances Taking a cash advance means borrowing against your credit limit …