Robert Powell Special to USA TODAY Published 11:43 p.m. UTC Jul 18, 2018 Question: I’m 64. My credit score is about 656. For different reasons over a long period of time — including unemployment and health issues — I accumulated credit card debt of about $50,000. I intend to take out an unsecured personal loan, but I don’t want it to have a negative impact on my credit score. I have a job now and I will pay my monthly payments on time. But what will happen if I cannot continue my payments to the lender? If I should file for bankruptcy, which is worse: defaulting on credit card debt or an unsecured personal loan? If I try to negotiate a reduction of my debt with the creditors, do you think this procedure will be successful and not take too long? And what is a nonprofit debt relief company/agency, and how could they help me? Bottom line: What strategy would you implement to resolve the debt problem if you were in my … [Read more...] about How do I get out of $50,000 in credit card debt: personal loan or repayment plan?
Unsecured bad credit credit cards
Photo: Elise Amendola Image 1of/1 CaptionClose Image 1 of 1 In this March 5, 2012 file photo, consumer credit cards are posed in North Andover, Mass. A new law set to take effect Sunday, July 1, 2018, will prohibit consumer credit reporting agencies from charging Georgia residents to freeze their credit report. Placing a freeze on your credit is a security measure that can be used to combat identity theft. It essentially prevents creditors from obtaining your credit report, making it nearly impossible to open a new account. Credit reporting agencies were previously allowed to charge a fee of up to $3 to freeze or unfreeze a report. (AP Photo/Elise Amendola, File) less In this March 5, 2012 file photo, consumer credit cards are posed in North Andover, Mass. A new law set to take effect Sunday, July 1, 2018, will prohibit consumer credit reporting agencies from charging ... more Photo: Elise Amendola … [Read more...] about Millennials, here’s how to get first credit card
Susan Tompor Detroit Free Press Published 11:00 p.m. UTC Jun 28, 2018 The Uber Visa, launched last fall, may target on-the-go millennials with amazing rewards, such as 4 percent for eating out and 3 percent on airfare. But the odd thing, as with many high-reward credit cards, is that getting approved for one of these Barclays Uber cards isn't a slam dunk for some Generation Y consumers. Many millennials might have the college degree and the new job, but they're held back from some of the more lucrative rewards cards in some cases because they were too cautious about handling credit in college. Yes, really. One young teacher recently shared her credit card rejection letter with me. The reasons were listed: Too few accounts with sufficient satisfactory performance. Insufficient number of credit cards with your credit report. Insufficient credit history on your credit report. Low credit limits on installment trade(s) on your credit … [Read more...] about How to get a credit card when you’ve never had one
Q: From your column last week on the new procedures when we renew our driver's license, I find it difficult to believe the Ohio Bureau of Motor Vehicles plans to send out new driver's licenses through the mail! They're beefing up security on the information on your license and then sending UNSECURED through the mail? Most mailboxes are easy to get into. At least send it registered, or send a letter to pick up at either the BMV or Post Office with proof that it is your license by matching the picture. J.C., North Royalton A: I don't disagree with you, but I don't make the rules; I just write about them. The BMV's idea of security is sending our renewed driver's licenses in an unmarked envelope. (How many people will accidentally throw it away, thinking it's junk mail?) Your suggestions are good ones: Send it certified (I'd be willing to pay a couple of extra dollars for that). Or send it to the BMV where you renewed your license. Yeah, it'd be a pain to go back and pick it up. But I … [Read more...] about Why would Ohio BMV mail renewed licenses, risk theft?: Money Matters
Sections SEARCH Skip to content Skip to site index Technology Subscribe Log In Subscribe Log In Advertisement Supported by BySheera Frenkel May 6, 2018 SAN FRANCISCO — In July 2014, a team of four Swedish and Polish researchers began using an automated program to better understand what people posted on Facebook. The program, known as a “scraper,” let the researchers log every comment and interaction from 160 public Facebook pages for nearly two years. By May 2016, they had amassed enough information to track how 368 million Facebook members behaved on the social network. It is one of the largest known sets of user data ever assembled from Facebook. “We’re concerned about how easy it was to collect this,” said Fredrik Erlandsson, one of the researchers and a lecturer at the Blekinge Institute of Technology in Sweden. Last December, he and his colleagues published a research paper in the journal Entropy … [Read more...] about Scholars Have Data on Millions of Facebook Users. Who’s Guarding It?