| Phone scams seek account information
Dear Troubleshooter: I was told to write to you. There is a phone scam going around; I had a third call today and decided to listen and talk to those people. They call themselves by a generic name and are from Florida. In short they ask for your name and how many credit cards you have, if you pay high interest etc. because they are working with hundreds of lenders who are willing to lower the interest. I asked her how she got my phone number and she claimed it was given to her by a lender. I have a credit score of 820; of course she did not know that and I made her think I had problems. I was asked to provide her with my credit card accounts and a bank name and address. That is when I told her she was not legit and she hung up. I have no caller ID, but did try to trace the call. It was not traceable.
14-11-2007: AEON Credit to launch prospectus on Friday
KUALA LUMPUR: AEON Credit Service (M) Bhd, en-route to be Malaysia's first Main Board-listed non-banking consumer finance company, will launch its prospectus on Friday. In a statement yesterday, the company which issues credit cards mainly to Jaya Jusco departmental store patrons, said it would raise RM55 million by selling 22 million new shares at RM2.50 apiece. The money will be used for asset investments, the repayment of bank borrowings and working capital. The company, which also offers easy-payment schemes and personal financing packages, expects to be listed in mid-December. The proposed listing also involves an offer for sale of 20 million existing shares by its promoter, The AEON Group of Japan. AEON Credit Japan is one of the biggest credit card issuers in Japan with more than 14.8 million card members there.
Money secrets kept from partners
Nearly a third of Britons are hiding a financial secret from their partner, with people lying about their salary, savings and debts, a survey showed. About 30% of Britons were not being totally open about their financial situation with their other half, while 44% admit they have lied to them about the cost of a purchase, according to Cater Allen Private Bank. One in 10 people admitted they had a secret savings account that their partner did not know about, 9% had a credit card debt they kept quiet about and 3% had even taken out a loan without telling their other half. A further 3% of people said they had lied about their salary and 2% even had assets, such as an investment or a property, that they kept secret. About 27% of women have lied about how much they had spent on clothes, something just 9% of men have done.
America's credit card debt climbs to new record
While the fallout of the subprime loan industry collapse continues to play out, momentum is gaining on another potential economic calamity: Americans now owe a record $915 billion in credit card debt, according to a new report by Moody's Investors Service. Credit card companies wrote off 4.58 percent in payments between January and May, almost a third more than in the same period in 2006, Moody's said. As a result, lenders such as Citigroup, Bank of America, and American Express, already reeling from the subprime mortgage collapse, are being further weakened, according to a new report at MoneyNews.com. The third quarter numbers for banks were the worst since 2001, MoneyNews.com reported. The stock market slid again today on news about record crude oil prices exceeding $98 per barrel and General Motors Corp.'s quarterly loss of $39 billion.
The bright side of consumer paralysis
American manufacturing jobs won't get hit if Americans stop pulling out their credit cards, because those jobs are already gone No tiny fonts allowed!The payday loan industry strikes back against the foul propaganda perpetrated by the Predatory Loan Association We are all subprimeInformation about CDOs wants to be free. A hedge fund manager explains why. More fun with payday loansThe Predatory Loan Association has some advice for "responsible" lenders: Tiny fonts are the key to successful consumer empowerment. Purchasing power disparityThe World Bank waves its magic wand, and presto -- 200 million poverty-stricken Chinese appear out of nowhere .
Vouchers make it safer online
Online shopping holdouts can now buy virtual Visa vouchers to pay for internet purchases without the need for plastic cards or even a bank account. The move is expected to assuage fears of thousands of Australians who avoid shopping over the internet or telephone for fear of credit card fraud. Customers can buy "VCard" credit from retail stores in the same way they buy pre-paid mobile phone credit. The credit - up to $1000 per VCard - can then be used in place of a credit card anywhere in the world that accepts Visa. A once-off fee of $5.50 applies for each voucher and you can't spend more than the amount you put on. Market research firm Forrester, in a report released in April, found 7.2 million Australians were online shoppers. It forecast that figure would grow by an average of 22 per cent a year between now and 2010.
First Credit Correction Service Opens Its Doors For Business
Up to 79 percent of all credit reports contain inaccurate information. Odessa, Texas (Web.com/PRWEB ) November 18, 2007 -- First Credit Correction Service opens its doors for business. First Credit Correction Service Newsletter:
The general public may not be aware that one in four credit reports are so inaccurate that they are declined credit. Everything in today's world is based off credit reports. Things such as getting a mortgage, a car loan, a credit card, a bank loan or even an apartment lease to other things as small as getting a cell phone and in some cases, even employers will look at credit reports when deciding to give someone a job. Many times when a person has paid off a credit card or loan only to apply later in life for a new loan, the same item still shows a balance.
Vouchers to beat fraud on internet
PEOPLE who are nervous about online shopping can now buy virtual vouchers to pay for internet purchases without the need for plastic cards or even a bank account. The move should assuage the fears of thousands of Australians who avoid shopping over the internet or telephone for fear of credit card fraud. Customers can buy VCard credit from retailers in the same way they buy prepaid mobile phones. The credit - up to $1000 per VCard - can then be used in place of a credit card anywhere that accepts Visa. A one-off fee of $5.50 applies for each voucher and the customer cannot spend more than the amount on it. The market research firm Forrester, in a report released in April, found that 7.2 million Australians were online shoppers. It forecast that that figure would grow by an average of 22 per cent a year until 2010.
|
