Fair Labor Standards Act

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…

Everyday young people go about their lives in 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…

Most employees in this society will turn down getting a background check because they do not believe it is fair, but if they didn’t have anything bad about their background, then they should not be worried about anything (“Job…”). When you come to think about it, it technically is not that fair, because some people may make one bad mistake in their life and they may have to pay the price for that bad mistake for the rest of their life (“Job…”). The…

Improving Fair and Bad Credit Ratings Once you have received a copy of your credit report you can then analyze the results to find factors that could be impacting your score negatively. If you have fair or bad credit ratings you should consider using one of the many credit monitoring services online. They can help you to fully understand your report and help you improve and protect your rating from fraud, theft or future negative credit impacts. One of the best high limit cards for fair credit…

Consumer Credit: Too Easy To Fail What comes to mind when the term “credit” is used varies from person to person. Maybe credit means a pair of shiny new shoes, or just a fun shopping trip in general. Or maybe credit invokes stress when a pile of bills and late notices comes to mind. Or maybe, nothing comes to mind at all, because cash is king. Like everything, credit over the years has evolved. It has changed its face and grown into something much different from when it began. In today…

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,…

to the high rate of workplace violence and negligent hiring suits, employers may avoid hiring applicants with criminal backgrounds to avoid the cost of court litigations. When conducting background checks a company must comply with the Fair Credit Reporting Act (FCRA), as well as not violate any federal or state equal opportunity laws or regulations. Background checks that are handled improperly can lead to liability for employers through two main areas: violation of human rights legislation…

I believe that in order to avoid 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…

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…