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(ARA) - Ever hear of indentured servitude? It's a historical concept that means you're basically working for free to pay off some obligation (like a share cropper). Ever just make your minimum credit card debt payments every month and feel like you are just spinning your wheels?
A new research report by Mercator Advisory Group examines the incidence of a range of card fraud types, such as issuer and online retailer fraud losses, as well as less well defined or publicized fraud activities. (PRWeb Jan 24, 2007)
Myth : Once you have credit problems, your credit score will not improve for seven years. Fact : You can improve your credit score over a shorter period of time. The most recent entries to your credit report carry more weight than old ones.
WASHINGTON (Dow Jones) -- Senate Banking Committee Chairman Christopher Dodd, D-Conn., served warning on the credit-card industry and banks on Thursday they'll come under heightened scrutiny in the months ahead and that they should "cease and desist" any practices that harm consumers.
Major credit card companies have made it mandatory for merchants and payment processors to comply with stringent network security rules that went into effect in mid-2005. But getting buy-in from the millions of companies that handle credit card information remains elusive.
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