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Protect Yourself: How to Take Advantage of New Laws Under the CARD Act

National Consumer Protection Week is the perfect opportunity to protect yourself. We consumers now enjoy significant protections from adverse treatment by our credit card issuers under the CARD Act (get detailed information about the CARD Act's provisions). That's the good news. The bad news is that many of those protections require action on our part. It's not significant action. We just have to be more diligent and actually read our mail.

If our credit card issuers increase our interest rates or implement new credit card fees, they are required to give us a 45-day notice of the change. And, we have the right during that 45 days to opt out of the change and pay off the balance under the old interest rate terms. This is a significant protection from higher rates, but it requires that we proactively contact our issuers to opt out.

Roughly 97% of us do not read our bank notices. And, if we do not respond with our intention to opt out within the 45 days allotted to us under the CARD Act, then the issuer can increase our rates on all new purchases. So, Step #1 for protecting ourselves from higher interest rates and annual fees is to open all of the mail we receive from our credit card issuers -- and READ it.

John Ulzheimer – Credit scoring and credit reporting expert and author, John is the President of Consumer Education for Credit.com. Formerly with Equifax and Fair Isaac, John shares his unique insight of the inner workings of credit scoring models and the credit reporting industry on CreditBloggers.com.

The Theory of Money and Credit

The Theory of Money and Credit
Mises wrote this book for the ages, and it remains the most spirited, thorough, and scientifically rigorous treatise on money to ever appear. It made his reputation across Europe and established him as the most important economist of his age. We think this Mises Institute edition is the most beautiful, by far, of any edition in print. It is the first English edition, complete with an explanatory foreword by Murray Rothbard and a preface by Douglas French. The size, look, and feel are just perfect, at once classic and very modern, in a case-wrapped hardback. And the price beats everything. This classic treatise on monetary theory remains the definitive book on the foundations of monetary theory, and the first really great integration of microeconomics and macroeconomics. As Rothbard points out in his introduction to “the best book on money ever written,” economists have yet to absorb all its lessons. Mises shows how money had its origin in the market, and how its value is based on its usefulness as a commodity in exchange. In a step-by-step manner, Mises presents the case for sound money with no inflation, and presents the beginnings of a full-scale business cycle theory. This edition includes Mises’s early blueprint, improved later in life, for a return to a fully backed gold standard and competitive banking. The contents of this essential opus include: Part One: The Nature of Money 1. The Function of Money 2. On the Measurement of Value 3. The Various Kinds of Money 4. Money and the State 5. Money as an Economic Good 6. The Enemies of Money Part Two: The Value of Money 7. The Concept of the Value of Money 8. The Determinants of the Objective Exchange Value, or Purchasing Power, of Money 9. The Problem of the Existence of Local Differences in the Objective Exchange Value of Money 10. The Exchange Ration Between Money of Different Kinds 11. The Problem of Measuring the Objective Exchange Value of Money 12. The Social Consequences of Variations in the Objective Exchange Value of Money 13. Monetary Policy 14. The Monetary Policy of Etatism Part Three: Money and Banking 15. The Business of Banking 16. The Evolution of Fiduciary Media 17. Fiduciary Media and the Demand for Money 18. The Redemption of Fiduciary Media 19. Money, Credit, and Interest 20. Problems of Credit Policy Part Four: Monetary Reconstruction 21. The Principle of Sound Money 22. Contemporary Currency

Price: $20.00

REVIEW: Newest Additions To Capital One’s Credit Card Family – Venture and VentureOne

venture

Capital One recently rebranded two great travel rewards credit cards, the Capital One’s No Hassle Miles Excellent and No Hassle Miles Ultra for Professionals, into the new benefits and sleek look of the Venture Rewards Card and VentureOne Rewards Card.

The Venture Rewards Credit Card is replacing the No Hassle Miles Ultra for Professional while the VenureOne Credit Card replaces the No Hassle Miles Excellent. The two preceding No Hassle cards that have long been one of the best value travel rewards cards, so what can we expect with its chic changes?

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The VentureOne Card offers 1.25 miles per dollar on every purchase with no limit to miles you earn, an upgrade from the No Hassle Mile’s 1 mile per dollar earning power and the biggest change from the old card. The card also maintains the same great travel rewards and generous terms as its predecessor, with no black-out dates, any airline choice, and no expiration date on miles, and best of all, no annual fee. Also, take advantage of the intro promotion of 0% APR until February 2011.

The Venture Rewards Card offers 2 miles per dollar on every purchase, same as the No Hassle Miles Ultra, but includes the luxury upgrade of 10,000 bonus miles when you spend $1,000 in the first 3 months. Cap One also improved customer service benefits with new exclusive award-winning customer service and Visa Signature benefits like complimentary concierge and travel upgrades. However, there is an annual fee of $59, a bit steeper than the No Hassle Miles Ultra’s $39 fee. Cap One will waive the annual fee for your first year, and with better customer service and bonus miles, you might find its worth its price.

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If you are willing to splurge extra for the Venture Rewards Card, the better mileage earning power and customer service upgrades may appeal to those who travel often and in luxury. But if the price tag is too steep, the VentureOne card is still a great alternative with no annual fee and a better mile-to-dollar ratio than its predecessor.

One thing to keep in mind is that both cards require excellent credit, especially with these excellent travel benefits and rewards redemption. While there aren’t huge changes to the new Venture line, the two new cards are still a welcome step up in luxury, value, and mileage earning power than the No Hassle line. These credit cards are designed with jet-setters in mind, who will love earning miles faster and at a better redemption rate with these two new cards. We definitely can’t complain about better cards and better customer service. While it’s R.I.P to No Hassle Excellent and Ultra, Venture and VentureOne are poised to take their place as our favorite travel reward cards.

Personal Finance & Credit Report News

coupon

 

The Wall Street Journal’s attention-grabbing headline is a sign of the times: Coupon Clipping Is Newest Extreme Sport. In a recession that’s left Americans struggling with at-risk loans, defaulted credit cards, slashed paychecks, and 8.4 million unemployed, penny-pinching is a practical and ever-more popular way to save money. The number of coupons redeemed rose to 3.3 billion last year, up from 2.6 billion in 2008. Sites like Groupon and RetailMeNot have taken coupon clipping high-tech, adding social networking and online access to offer consumers a fresh take on saving money the old-fashioned way.

Find more ways to make the most of your money with our personal finance roundup, plus articles and blogs to brush up on your credit health.

 

Personal Finance News

  • Check out Maximizing Money’s top 10 ways to save when shopping online, such as utilizing blogs and online savings communities.
  • Find and plug your money leaks, suggests Bargaineering blog, by signing up for bill-payment services, reviewing insurance coverages, and more.
  • Once you finish paying off a loan or credit-card balance, keep writing the check but send it directly to a savings or investment account. Follow more smart tips for spending less and saving more from The Washington Post.
  • Need help figuring out where to invest? Read MSN Money’s, Is there anyplace to put your cash?, for helpful market options.
  • Prone to any of these 7 brainless borrowing behaviors? Bankrate.com shows you how to correct it.

Credit Report & Credit Scores News

  • The recession has hurt many people’s credit scores– how to fix it?, reports The Washington Post.
  • Bargaineering blogs on why we need to ban credit checks for job applications.
  • MintLife’s uncovers the truth behind credit-score urban legends, like Myth 2: Shopping around for a loan will hurt your credit score — busted!
  • USA Today reports that the FTC is cracking down on deceptive credit services with a new rule to help consumers avoid free credit reports that aren’t.
  • Bankrate.com answers a great question on how credit score can affect your home mortgage plan.

Your Credit Score: How to Fix, Improve, and Protect the 3-Digit

Your Credit Score: How to Fix, Improve, and Protect the 3-Digit
“A great credit score can help you finish rich! Liz Pulliam Weston gives solid, easy-to-understand advice about how to improve your credit fast. Read this book and prosper.” –David Bach, bestselling author of The Automatic Millionaire and The Automatic Millionaire Homeowner “Excellent book! Insightful, well written, and surprisingly interesting. Liz Pulliam Weston has done an outstanding job demystifying an often intimidating and frustrating topic for the benefit of all consumers.” –Eric Tyson, syndicated columnist and bestselling author of Personal Finance for Dummies “No one makes complex financial information easy to understand like Liz Pulliam Weston. Her straight-talk and wise advice are invaluable to anyone with a credit card or check book–and that’s just about all of us.” –Lois P. Frankel, Ph.D., author of Nice Girls Don’t Get the Corner Office and Nice Girls Don’t Get Rich “In a country where consumers increasingly pay more when they have bad credit, Liz Pulliam Weston’s book provides excellent tips and advice on ways to improve your credit history and raise your credit score.If you just apply one or two of her insightful suggestions, you’ll save many times the cost of this book. ” –Ilyce R. Glink, financial reporter, talk show host, and bestselling author of 100 Questions Every First-Time Home Buyer Should Ask “Your credit score can save you money or cost you money–sometimes a lot of money. Yet, most people don’t even know their scores, much less know how to make them better. Liz Pulliam Weston can help you fix that. In this easy-to-understand guide you’ll learn how to make sure your score helps you get the best deal on loans and insurance. You can’t afford not to read it.” –Gerri Detweiler, consumer advocate and founder of UltimateCredit.com Your credit score. It’s just three numbers. But it dictates whether you’ll get credit, and what you’ll pay. Insurers use it to set premiums. Landlords use it to make renting decisions. You need to understand it. In Your Credit Score, Second Edition, MSN Money personal finance journalist Liz Pulliam Weston gives you up-to-the-minute answers you can trust–and a proven action plan for building your credit, fixing it, and maintaining it, starting today!Weston has updated this national bestseller with extensive new information, including an inside look at the new VantageScore credit scoring system, “Fast Fixes” that actually work, and powerful tips for first-time borrowers. You’ll discover how your scores are affected by everything from applying for loans to closing accounts…how to cope with a credit crisis, and bounce back from bad credit or bankruptcy…how credit counseling really affects your score…why paying old debts can actually damage your score…how to reduce your exposure to identity theft, and much more! Acknowledgments xvii About the Author xix Chapter 1: Why Your Credit Score Matters 1 Chapter 2: How Credit Scoring Works 13 Chapter 3: VantageScore–A Revolution or Just More of the Same? 29 Chapter 4: Improving Your Score–The Right Way 37 Chapter 5: Credit Scoring

Price: $13.67

National Consumer Protection Week 2010

We’re proud to announce that Credit.com has joined a group of federal, state, and local government agencies and national consumer organizations to launch the 12th annual National Consumer Protection Week (NCPW), March 7-13, 2010.

NCPW 2010

NCPW 2010 — Dollars and Sense: Rated A for All Ages — highlights the importance of using good consumer sense at every stage of life – from grade school to retirement.

NCPW partners are promoting free resources to help people protect their privacy, manage money and debt, avoid identity theft, understand credit and mortgages, and steer clear of frauds and scams.

To support this year’s NCPW campaign, Credit.com will be hosting a daily series on consumer protection issues with tips, tools and expert commentary through our blog, in our learning center and community forums, as well as in the Expert Insight area of our news section– so be sure to check back daily. We’re also hosting a week-long public relations campaign where our team of experts will do their part to spread the word on key consumer protections and financial literacy topics via radio, television and print outlets.

To become a partner in this national campaign, visit the website at www.consumer.gov/ncpw, where you’ll find information for getting involved and promoting NCPW.

Rich Dad’s Guide to Becoming Rich…Without Cutting Up Your

Rich Dad's Guide to Becoming Rich...Without Cutting Up Your
The real trick to building personal wealth is learning how to transform ‘bad debt’ into ‘good debt.’ This quick-hitting book explains how-without having to cut up credit cards. This is the eighth book in the phenomenally successful Rich Dad series. This book was originally published as an e-book and now joins the Rich Dad series in trade paperback format. Rich Dad’s Guide to Becoming Rich…Without Cutting Up Your Credit Cards

Price: $8.79

Living Well with Bad Credit: Buy a House, Start a Business, and

Living Well with Bad Credit: Buy a House, Start a Business, and
If bad credit has happened to you, there is something you can do about it Feeling broke and battered? We know the feeling—heck, everyone knows it. According to the Wall Street Journal, 110 million Americans have bad credit—almost 50% of the adult population. But we don’t have to be depressed or discouraged about it. There is life after bad credit. In fact, there’s even life during bad credit.Living Well with Bad Credit is the right help at the right time. If you’re bravely soldiering on despite your finances going south, this informative book is for you. It puts the emphasis on living with bad credit—and living well. Veteran journalist Geoff Williams (AOL’ s personal finance blog WalletPop, CNNMoney.com, Bankrate.com) and media powerhouse Chris Balish, an Emmy Award-winning broadcast journalist and author (Living Well Without a Car), have teamed up to bring readers:• Usable tips on how to embrace, and even benefit from, a low credit score• Invaluable advice for dealing with ‘lifestyle’ events such as how to buy a car or qualify for a credit card with bad credit• Interviews with dozens of experts and successful professionals who share ideas on how to live with the negative effects of bad credit• Practical discussion on topics that go beyond finance, such as healing self-esteem and building relationships in spite of bad creditWhile bad credit can be a setback, it doesn’t have to be a roadblock. This expert guide is just the ticket to a better life once again Living Well with Bad Credit: Buy a House, Start a Business, and Even Take a VacationNo Matter How Low Your Credit Score

Price: $9.32

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