Fair Credit Reporting Act

Theft in anyway has always been unethical in any human environment. Employee theft especially can have a huge effect on any business, corporation, establishment, etc. Theft acts as a cost directly incurred by an organization, employees playing the key variable in theft, can steal money, products or time. Theft can occur at any level of a business from the cashier that is still in high school to the CEO of the company. Theft is something a business wants to diminish as much as possible,…

identity theft we must educate ourselves on the value of our personal data because only then we can learn the habits necessary for maintaining good credit. Not knowing the consequences of handling our personal data irresponsibly is the leading cause of identity theft. I have witnessed my father engaging in such irresponsible actions that led to his bad credit and significantly affected his life. My father has always been losing his wallet once every few years, he carried all of his cards in it,…

Have you ever wondered how a credit card transaction works? What is the process flow after swiping the small credit card through that little black box? These questions bothered me for some time and finding the answers lead to a diligent job search. Consequently, the search ended when I found employment at Vantiv, a Merchant Credit Card processing company in Houston, Texas. The year was 1998; the company offered me a customer service position in their call center. Eagerly I accepted the job;…

about how they can maximize their total earnings, and credit card companies are no different. While students may be one of the better targets for this because the majority don’t have credit cards and are low on funds; they also are some of the ones in most danger of overspending with not being knowledgeable. Even though this is the case, I think if the credit card companies are doing this in a more transparent and informative way than normal credit card signups, it is not a wrong thing to do,…

Credit first began in 1910 and first appeared in the Sears catalog. 1950 was the birth of credit cards when Frank McNamara established the Dinner’s Club. Years later the Bank of America offered the BankAmericard and later changed its name to Visa. In 1986 Sears created a store credit card and quickly became the most profitable division. Today we buy everything on credit while parents and grandparent bought almost nothing on credit and thought it was a bad idea. There are two different types of…

Book Review Summary In Raising Financially Confident Kids Hunt seeks to equip readers to prepare their children for the reality of managing money, and how to do so without getting into debt. American society, the credit card industry, and advertisers, all strive to turn children into materialistic consumers who spend money without a second thought. Hunt describes her own childhood and how she utilized money and products to feel better. Carrying this same idea into adulthood she spent more…

pure ignorant bliss when it comes to their credit cards. They do not know the significance of the little card they keep in their wallet. The youth of today sometimes only think of it as a source of money. There is so much more to these little pieces of plastic. It is extremely important for young adults to understand the advantages and disadvantages of owning a credit card before they apply for one. When thinking about the advantages of possessing credit cards, it is only natural to think of the…

Your credit score is a three-digit number that can have a positive or negative effect on your financial future. It is a lot easier to get approved for a mortgage and take out a loan if you have good credit. In some cases, having good credit can make it easier for you to get a job. There are many ways that you can hurt your credit. Fortunately, even if you have done things to hurt your credit, there are ways that you can get it back on track. Below is a list of things that can hurt your credit…

customers’ personal information. This document sets out our privacy commitment to our customers (referred to as you below). This policy also includes provisions relating to credit reporting, that is, it covers additional information on how we manage your personal information collected in connection with a credit application or a credit facility (if such information is collected). It is important to us that you are confident that any personal information we collect from you or received by us…

“Managing My Money” In order to live a safe, happy, and healthy life, you need to manage your money. It seems simple like instead using your savings to buy a new, cool gadget, you’ll use your savings to buy a book that you need for class or bus tickets for transportation to get about places, but managing money is much more complex than that. It not just planning how you’re going to spend money on the things you want and the things you need. It’s about how you’re going to spend on expenses…