credit card

Medical Credit Card Issuer Ordered to Make Refunds

Posted on 12/12/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsA dentist tells an older patient during an exam that she needs expensive treatment. She can’t pay the fee outright, so the dentist immediately arranges financing through a medical credit card plan. A month later, the patient opens her first bill and discovers that the card is not interest-free, as she’d thought. In fact, it carried an annual interest rate as high as 27 percent if she didn’t pay it off within a certain period. Richard Cordray, director of the Consumer …

Cyber (Crook) Monday: 8 Tips for Safer Online Shopping

Posted on 11/26/2013 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsWhether your online holiday shopping begins Bird Day, Black Friday or Cyber Monday — or is already history — here’s a refresher course on how to do it more safely. Use a credit card. Payments can be withheld if there’s a dispute with a store, and if the card is stolen, you won’t have to pay more than $50 of fraudulent charges. With a debit card, you can’t withhold payments — the store is paid directly from your bank account. And …

What’s Hot? Cold Weather Scams

Posted on 11/14/2013 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsRecent falling temperatures in parts of the U.S. have prompted a new wave of a time-tested power play – fraudsters posing as utility company workers who threaten to shut off your service because of supposedly unpaid bills. The Shutoff Swindle has prompted warnings in recent weeks from utility companies from Maine to Washington state, including in (usually) warmer-weather states such as Texas. Typically, this scam occurs by telephone. Callers claim to be billing representatives from your utility company. They say you’ve …

Fraud Watch Network: Fight ID Theft and Scams

Posted on 11/12/2013 by | AARP Executive Vice President | Comments

Money & SavingsThe con gathers an arsenal of information by being personable and being friendly… the logic goes out the window, the emotion kicks in, now I’ve endeared you to me, now I’m no longer the predator on the phone, I’m Jim from New York.” – Jimmy Edwards, The Con Artist’s Playbook The scam is sometimes deceptively simple, as easy as stealing a credit card offer from your trash. Other times it can be far more complex, like the infamous con preying …

Adobe Announces Customer Data Breach

Posted on 10/4/2013 by | AARP Blog Author | Comments

TechnologySoftware manufacturer Adobe says that hackers infiltrated its computer system, gaining access to sensitive information on nearly 3 million customers – including names, encrypted credit and debit card numbers and details of past orders. “At this time, we do not believe the attackers removed decrypted credit or debit card numbers from our systems,” Adobe said in a statement. Hackers also illegally took copies of the source code of some of the company’s widely used products, which, according to online security …

Haggle Your Way Into Savings

Posted on 01/17/2012 by | AARP Blog Author | Comments

Money & SavingsThis is a guest post by Lynnette Khalfani-Cox, host of the AARP Pay Down Your Debt Challenge, which is taking place on AARP.org through Jan. 29. Learn how to get started paying down your debt, join the Pay Down Your Debt group, and you could have a chance to win a prize. By Lynnette-Khalfani Cox If you’re a truly cost-conscious person, you probably don’t mind someone calling you frugal – or even a cheapskate. In fact, you may relish those …