Unclaimed Property Blog

The convenience is wonderful, however they can also become very inconvenient. Read on to find out how.

By having several cards you can lose track of what the interest rates are. The end result could be a pricier purchase than you can afford at the higher interest rate. One of two cards maximum is all you need. With one or two cards, you can keep track of purchases and make sure you pay each on time.

These tips may seem like common sense, because they are. What has happened is so many of us lose that common sense viewpoint when we see items we want but don’t need.

Credit cards can be a great thing. They’re convenient, they can help build good credit if used properly and they are very useful in emergencies. However, they can be dangerous.

How sweet the temptation to overspend, how disastrous the end result of overspending. The danger is when you charge more than you can afford, make very low monthly payments and combine that with high credit card interest rates. This is the basic cause for many people to spiral into debt.

What do you do if your identity has been stolen? Read this so that you do have some information on what can be done to get your identity and credit back.

The very first thing is to report the identity theft to local law enforcement authorities. This includes the police, postal inspectors and the Secret Service. Why the Secret Service? Identity theft is a federal crime.

Next, send a copy of the police report or other documentation to all banks and companies where your name has been used fraudulently. You keep the original for your records in case any new accounts are opened.

Insurance companies and other financial companies have discovered a new source of income. They are taking advantage of the growing consumer concern regarding identity theft. Identity theft claims approximately 10 million victims per year according to estimates by the Federal Trade Commission and Javelin Research.

While the policies may differ in the details, they typically cover reimbursement for lost wages, attorney’s fees and out-of-pocket expenses you incur trying to clear up your credit after you’ve been victimized. Some companies even promise to help you through the process with advice, guidance and forms.

What are the different sources of insurance and the basic deal?

The “safe” in safe deposit box may not be as safe as you think. Do you know the rules on these boxes?

You have a safe deposit box with a bank. This has the appearance of being safe. However, what happens when you have not been to the box in years? What about if you were to die unexpectedly? Are your possessions really protected?

So how can you protect yourself and your possessions if you have a safe deposit box? Consider taking the following actions:

The concept of a credit card can be sound. Some feel it is a good safety net. A recent report explores this a bit deeper. Read on to see another view of your credit card.

It was found that American families are losing the fight against lending practices as they are really working against them. It is time for Washington to address this crisis head-on and create policy that protects and promotes economic vitality for all American households.

Often you hear that you should save those important papers. What are the important papers?

To be safe, however, experts recommend you keep them for six years, since that’s the time the IRS has to audit a return if you under report your gross income by more than 25 percent.

Have you taken a very long vacation and wondered if someone back home could handle your finances? Yes, today with computer systems it isn’t an often asked question, but what if you were in the hospital for an extended period of time? What are your options?

The solution is to designate someone you trust with power of attorney. Did you know there are different types? There are and each has different rules and purposes. Here is a basic description:

Do you know how you scored on your credit score? Probably. Do you know what you did to get this score? If not, here are some areas that are used to determine your credit score. Hopefully with this data you can begin to get extra credit in some areas. Here are the 5 basic things that are reviewed which will give you your overall score for credit worthiness.

You receive a call from a collection agency on a debt that has been written off or perhaps the statute of limitations on collecting the debt has expired. Do you know what your rights are? Do you know that trying to make it good can harm you? Read on for some noteworthy advise on how to deal with this situation.

The statute of limitations is the amount of time a creditor can sue over an old debt. Also in some states there are laws that prohibit creditors from suing once a debt is more than four years old. So time can be on your side regarding old debts.