Credit Card Solution

People often consider closing their credit card accounts when they have moved onto a new card, or when they owe money to the credit card company. This is not, however, generally advisable because the information on a credit report will remain for at least seven years. This means that people gain nothing by closing their credit card accounts when they are in debt, and in fact, end up actually dinging their credit score even worse.

One reason for not cancelling a bad credit history is present is that the good credit history that a person has built up may disappear, whereas keeping a card open and active ensures that the credit card company continues to report. When an account is closed the information drops off the credit report after seven years’ time, from the date of the last reported activity. That means that if a person closes their account, eventually the credit history will disappear from that particular credit card. I

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You can now make payments through your local brick-and-mortar retailers using the Square credit card reader through your Apple iPhone! Soon available at Apple’s retail stores and official website, the device allows you to plug a retailer’s reader from a retail outlet or online and insert it into the iPhone 4. Once plugged into the iDevice, you will need to download the free Square app from the App Store and employ the offering without entering into contracts or paying monthly fees. Compatible with the iPhone 4, the fourth generation iPod touch and the iPad, the Square credit card reader helps users track sales and taxes and transfer of receipts. No more lines, no more waiting!

It is an alarming fact that credit card thieves account for 5 cents of every 100 dollars in transactions made through credit cards?  Security features have come a long way since the inception of credit cards.  At the very beginning, there wasn’t any protection for people with credit cards.  If a thief got a hold of a card, that was all that was needed to commit fraud.  Nowadays, however, thieves have less ability to make fraudulent transactions on a card, especially ones which harm the card holder.

These days, credit card companies have adopted a “zero-liability” policy.  This means that the customer isn’t liable for any of the purchases that a thief makes.  If the borrower didn’t authorize the purchase they are not held accountable.  An investigation, which involves the credit card company and the police will ensue, allowing them to find the thieves and leave the consumer without any charges to pay.  No matter what the thief does with a card, the customer is not liable.

Sometimes, thieves will try to gain access to credit card details through the borrower’s email inbox.  This is called phishing, and is usually carried out by sending an email requesting the credit card number.  Customers should be aware that neither Paypal nor credit card companies will ever ask for personal information.

Some websites on the Internet today are fraudulent, being created to make borrowers believe that they are making a purchase which will get a product delivered to their home.  In reality, they can make exorbitant charges to the card and leave the customer with very little in their account at the end of the transaction. Consumer should be awa

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Average Credit Card Debt By City & State

PlasticRewards presents an infographic of the average credit card debt by city and state. See where your city and state rank nationwide.