Money Tips, Credit Advice, Debt Advice, and Debt Wisdom. A Little Eclectic. A Lot of Fun.

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If you're new here, you may want to subscribe to my RSS feed right now, before you forget, to get the latest posts. Thanks for visiting!The Credit Cardholders Bill of Rights is a big deal. It is a measure that Barack Obama has been behind since he began running and it is the first real ...[Read More]


Tanya asks: Hi, I want to ask a question. My debit card was cloned at a bank machine in Latin America despite my greatest effort to hide my PIN when i put it in and a substantial amount of money was taken from my account before I realized. I immediately cancelled the card, should i recieve my ...[Read More]


In the United States federal law dictates that banks should provide consumers with information about fees on savings and checking accounts. However according to a report released recently by the Government Accountability Office this is not happening. The report also reveals that some of the ...[Read More]


The Sampson family ordered food on Saturday night from Burger King for a total of $22.43. Unfortunately a the cashier charged them $2243.00 as he put the decimal point in the wrong place. Mr Sampson noticed the error a day later. He told local media that as a result of this his bank account was ...[Read More]


I suspect that there are many people like me who know they have an option to use a credit card, but don’t take advantage of it because they have a lack of knowledge or interest, or simply are in the habit of paying for everything with a debit card because it ‘feels safer”, but is it really? The answer surprised me.

This time I am going to look into the consequences of loosing your debit or credit card both in the UK and the US and what action you should take.

Once upon a time when debit cards were first introduced you could easily tell what they were. They usually had the bank logo on them, your account number and your name. However time never stands still for long and things have changed through the years so that today almost all debit cards look ...[Read More]


Chip and PIN cards were introduced into the UK in 2004 and billed as the safer and fraudulent proof credit and debit card. I wonder if the banks thought that the change would satisfy government or create more confidence in consumers to use the transaction cards. The belief that chip and pin ...[Read More]


I got a surprise in the mail the other day. My debit card was replaced with the new MasterCard PayPlus contactless debit card. The first contactless payment system I used was the paypass at Mobil gas stations. When that started they originally issued small antennas that mounted in your car and ...[Read More]


It seems like for ever I’m been warning people about the higher risk of identity theft when you hand your card to someone and they walk away with it, like at a restaurant. I saw this funny video which just supports that point and it made me laugh. Just like young kids, don’t let your ...[Read More]


Here are four of my latest books on getting out of debt, how to deal with deal, overcoming financial issues and an introspective look at how debt impacts your life. The books are absolutely free for you to download now.

The debit card has an allure for many because it allows people to make credit card like transactions without the fear of debt but all of that comes at a price and a risk. A debit card is not a credit card, obviously. With a debit card, transactions are paid from the cold hard cash sitting in your ...[Read More]


  

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