| Debt Management can help to get a debt free life.This page contains articles related to credit card and debt consolidation. It also covers the legal aspects of credit card and its usage.(previous)(next) |
| Five steps to conquer debt
Four letter word "debt" is not as big as it appears, all you need to do is handle it with care. Here we have summarized the debt story into five steps. Just follow these five steps, one by one to get rid out of debt. Whether the crisis is caused by personal or family illness, the loss of a job, or simple over spending, it can seem overwhelming, but often can be overcome. The fact of the matter is that your financial situation doesn't have to go from bad to worse. | Tips for credit card usage
Credit card is a day to day word for all of us, also not to forget is the word credit card debt. The other side of credit card is credit card debt, both come in the same package.You can avoid these debts by using credit carefully. We have suggested some ways to use credit cards in a much effective way. | What to do if your credit card is Lost or Stolen
After the loss, review your billing statements carefully. If they show any unauthorized charges or any unexpected fees, it's best to send a letter to the card issuer describing each questionable charge. Again, tell the card issuer the date and time your card was lost or stolen, or when you first noticed unauthorized charges or unexpected fees, and also report the date when you first reported the problem to them. Be sure to send the letter to the address provided for billing errors. Do not send it with your regular payments or to any of the addresses where you send your payments unless you are directed to do so. The law says you will earn an amount of $50 only for unauthorized use of your credit card, but if you report the loss before your credit cards are used, the FCBA(Fair Credit Billing Act ) says the card issuer cannot hold you accountable for any unauthorized charges. There is much to write about this issue, you can read those under our special articles for members only, we offer free membership for all. | FCBA and EFTA (the laws to protect your credit card rights)
ATM or Debit Card Loss or Fraudulent Transfers (EFTA). Your liability under federal law for unauthorized use of your ATM or debit card depends on how quickly you report the loss.The faster your report, the safer you are.If you are able to report an ATM or debit card missing before it's used without your permission, the EFTA says the card issuer cannot hold you accountable for any unauthorized transfers. | Credit card and debt consolidation
A credit card debt consolidation loan can help you consolidate the outstanding balances on your credit cards into one loan or onto one credit card that has a lower interest rate than the ones you are currently paying. | Equal Credit Opportunity Act
The Equal Credit Opportunity Act (ECOA) command against credit discrimination on the basis of sex, race, marital status, religion, national origin, age, or receipt of public assistance. Creditors may ask for some information, also they can ask some of the above information (except religion) in certain situations, but may not use it to discriminate when deciding whether to grant you credit.The Law under The Federal Trade Commission (FTC) enforces credit laws that protect your right to obtain, use, and maintain credit.The law again and again forces equal right for all.Equal Credit Opportunity Act (ECOA) is one of them but these laws do not guarantee that everyone will receive credit. Instead, the credit laws protect your rights by requiring businesses to give all consumers a fair and equal opportunity to receive credit and to resolve disputes over credit errors. | Fair Credit Reporting Act
The Federal Trade Commission (FTC) enforces credit laws that protect your right to obtain, use, and maintain credit. These laws do not guarantee that everyone will receive credit or neither it states that everyone has a right to get a credit. Instead, the credit laws protect your rights by asking businesses to give all consumers an equal and fair opportunity to get credit and to resolve disputes over credit errors. | Get out of debt
There are many definition to debt, one of it is a whirlwind, which takes you deeper and deeper. There are many ways by which, you can get rid of your loans but before exiting through a door we recommend you to have a look outside the door to see what is there. Everything has its advantages and disadvantages but we will help you to find the one, which is most appropriate for your financial conditions. | Protect your credit card
For protection of ATM and debit cards that involve a Personal Identification Number (PIN), keep your PIN a secret. Don't use your address, date of birth, phone or Social Security number as the PIN and do memorize the number. |
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