credit cards

Are Medical Credit Cards Unhealthy for Finances?

Posted on 07/23/2014 by |Senior Editor, Money Team | Comments

Money & SavingsYou need some expensive medical care yet don’t have the insurance or money to pay for it. Should you use a medical credit card that’s pitched at some doctors’ offices? A new report by the nonprofit Consumer Action warns that some of these cards can be unhealthy for your finances. They usually offer a zero percent introductory rate, though after that period, card terms can vary greatly. The problem is that these terms often are difficult to uncover. So patients …

GE Capital Ordered To Pay $225 Million To Consumers

Posted on 06/19/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsGE Capital Retail Bank must shell out an estimated $225 million to consumers to settle government claims that it discriminated against Hispanic credit card customers and persuaded other card holders to buy add-on products that promised to cancel part of their debt if they became disabled, lost a job or suffered from another hardship, the Justice Department announced Thursday. “We will continue to take action against marketing tactics that trick consumers into buying credit card products they do not want or cannot use,” …

Why Your College Student Is Ideal for ID Theft

Posted on 05/16/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsIf you have children or grandkids attending college, or about to graduate, it’s time to school them on the dangers of identity theft. Last year the Better Business Bureau deemed college students the “most at-risk” group for identity theft, and those in their 20s represented 1 in 5 of all victims (higher than any other age group), according to reports filed with the Federal Trade Commission. College students and recent graduates are often targeted because they’re ideal victims. Reasons: Many …

$25: What Scammers Pay for Your Identity

Posted on 02/27/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsConsider it the law of Evil Economics: With the identity theft business booming, prices for stolen personal information sold on the black market have reached record low prices. “It’s simple supply and demand,” explains Jon Ramsey, chief technology officer at Dell SecureWorks, a division of the computer behemoth. “The identity theft business is so good that there’s a glut on the market” of everything crooks need to commit financial fraud. The result: It costs them less to obtain your stolen identity …

11 Things We Didn’t Know Last Week

Posted on 01/29/2014 by |News, Culture, Sights and Sounds | Comments

11 ThingsNews, discoveries and fun … 1. Francis is the first pope on the cover of Rolling Stone magazine. (Learn more at Rolling Stone) 2. The Grand Canyon could be 6 million years old … and 70 million years old. (Learn more at NPR) 3. Men are more forgetful than women. (Learn more at Medical News Today) 4. Your cellphone carries 10 times more germs than your toilet. (Learn more at AARP) 5. Cyber criminals are using malicious “RAM scraper” software to steal information about you and …

Hackers Go Upscale, Infiltrate Neiman Marcus Accounts

Posted on 01/13/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsHackers have gone from low-end to high-end retail, as luxury merchant Neiman Marcus became the latest to announce that it’s a victim of a data breach. This comes on the heels of a disclosure last month by Minneapolis-based discounter Target, which reported hackers gained access to payment card data on about 40 million credit and debit accounts between Nov. 27 and Dec. 15.  On Friday, Target updated its breach investigation, saying the names, mailing addresses, email addresses and phone numbers …