Fair Credit? You Have Credit Card Options

Credit scores. Most of us have them—more than one—and many of us hate them. If you’re like a lot of Americans, your credit score is in the fair zone—from 580 to 699, depending on which scoring model is used, FICO or VantageScore. And that fair credit score can be, well, unfair. It places you the subprime category where you won’t get approved for the best rates or even the best credit cards.

Most people with fair credit already have at least one credit card. They also have a total credit line of less than $5,000. That’s proof that with a fair […] Read more

Is the U.S. Government Getting Any Better at Protecting Consumer Data?

Former Equifax CEO Richard Smith prepares to testify before the Senate Banking, Housing and Urban Affairs Committee.

When the Canadian Privacy Commissioner’s office released the results of its investigation into the Equifax breach last week, it only served to highlight how little the United States government has done to address the 2017 incident, which affected the data of 146 million people.

So far, the United States’ attempts to rectify the weak security at Equifax or compensate victims of the breach have been relatively local and lackluster. Eight state banking regulatory authorities issued a consent order […] Read more

Dozens of Lawyers Vie to Lead Data Breach Case Against Marriott

Judge Paul Grimm of the U.S. District Court for the District of Maryland in his chambers. November 3, 2016.

The fight over who will lead class actions brought over Marriott’s data breach began Friday, when dozens of lawyers submitted applications for leadership positions.

More than 80 lawsuits were filed over the breach, which Marriott International Inc. announced Nov. 30, compromised the personal data of 500 million guests of its Starwood Hotels and Resorts Worldwide properties (Marriott has since lowered that figure to fewer than 383 million).

All the cases were coordinated as […] Read more

Don’t become a victim of identity theft, follow these ten tips

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BATON ROUGE, La. (LOCAL 33) (FOX 44) – (4/22/19) How common is identity theft? 

You might be surprised by the answer. 

According to LifeLock, “nearly 60 million Americans have been affected by identity theft, according to a 2018 online survey by The Harris Poll.”

In order to avoid becoming a victim of identity theft, identitytheft.com provided these tips to help keep it from happening to you:

1. Shred all important financial documents.  Today’s thieves may be […] Read more

Need a Credit Card for Your Side Hustle? These Business Cards Have No Annual Fee

DragonImages/Adobe Stock

Advertiser Disclosure: The credit card offers that appear on the website are from companies from which this site receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or available credit card offers. Information about credit cards and card offers is accurate as of the date of publication.

If you have a side hustle, there are three general benefits to opening a business credit card.

First, business credit […] Read more

Winslow Evans & Crocker Inc. Reduces Position in Equifax Inc. (EFX)

Winslow Evans & Crocker Inc. decreased its stake in shares of Equifax Inc. (NYSE:EFX) by 20.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,800 shares of the credit services provider’s stock after selling 1,500 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Equifax were worth $690,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EFX. Oppenheimer Asset Management Inc. acquired a new position in shares of Equifax during the 4th quarter […] Read more

Forget millennials — the real financial time bomb in America is Gen X

Many Gen Xers are unprepared to retire in their 60s, according to an INSIDER and Morning Consultsurvey.
Almost half of Gen X respondents, defined as ages 38 to 53, said they have no money saved in a retirement account.
The Gen Xers were the least likely generation to say they would save or invest an extra $1,000, instead using it to pay outstanding bills and debt. 
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Retirement isn’t looking rosy for Gen X.

The cohort closest to retirement age behind baby boomers is wholly unprepared to leave work one day, according to an INSIDER and Morning Consult survey. 

Of the 4,400 Americans polled, 1,131 […] Read more

The credit union tech factor: As they boost their tech, they face increased cybersecurity issues

Total credit union membership hit 118.8 million in 2018, just over a third of the country’s population, according to credit union-focused insurance company CUNA Mutual Group.

Those numbers can be trumped easily by a single cybersecurity attack, as was learned in the massive 2017 breach of Equifax, in which hackers stole information of an estimated 147.7 million Americans, or almost half the country’s population.

There was a lesson in there for credit unions.

Like any organization operating in the digital age, credit unions have been presented with the daunting challenge of shielding themselves from cybersecurity risk. Here’s what they’re weighing today: 

With new tech […] Read more

Texas removes thousands of children from Medicaid each month due to red tape, records show | Texas

Yesenia Alvarado holds her daughter, Medicaid patient Melanie Almaraz, 2, while waiting to see Dr. Alberto Vasquez for treatment of a fever at Su Clinica Familiar in Harlingen, Texas on Jul. 9, 2013. Eddie Seal

Katherine Edmundson didn’t know her 7-year-old son was off Medicaid until she took him to the dentist for his annual cleaning in February. An employee at the front desk told her that his coverage […] Read more