We spend a lot of time talking about how to prevent identity theft, but sometimes even the best-prepared consumer will fall victim. That’s why being fully prepared for ID theft means being ready to deal with the fallout when it happens.
We’ve recommended that students get credit early and use it wisely to establish a healthy credit record.
Unfortunately, that’s easier said than done. There’s a reason laws like the Credit CARD Act of 2009 get passed: students averaged over $3500 in credit card debt, with 85% of cardholders carrying a balance from month to month and paying hefty fees and interest.
When it comes to college students getting credit cards, there are different schools of thought; some experts recommend students avoid credit altogether, while others emphasize things like low interest rates/fees and reward programs.
The Credit CARD Act of 2009 went into effect in 2010, and it brought major changes for college students who wish to obtain credit.
The idea behind the law was to protect students form excess debts and abuses by credit card lenders. It did more than that, though; it made it much harder for students to get approved for credit at all.
On June 2, 2011 Representatives Don Manzullo (R-IL), Ralph Hall (R-TX) and Health Shuler (D-NC) introduced the Medical Debt Responsibility Act of 2011. The Act would require the removal of medical collections from credit reports if they are paid in full, settled in full and are less than $2,500. The removal would have to take place within 45 days of payment.
As Father’s Day approaches, many dads begin reflecting on the life skills they’re teaching their children. Nice manners, discipline and a good work ethic top many lists.
The housing crisis continues to affect homeowners nationwide, and has been particularly hard on our home state of California. Recently, the Homeownership Preservation Foundation, with which Springboard is a proud partner, revealed that scammers posing as foreclosure rescue agencies have targeted California clients at a disproportionally high rate.