Credit cards are a financial tool that can turn into a double edged sword if they are not used carefully. If you get a credit card and use it wisely, you can gain a better credit rating, maintain a responsible level of debt and save money on interest rates. If you use it carelessly and without knowing what you are doing, you are going to get into debt.

So how can you ensure that you are doing yourself a good service by having a credit card?

When to use your card
Long gone are the days

…

In 1958, Bank of America in Fresno, California introduced the BankAmericard credit card. The original intent of the card was to simplify the financial processes of merchants. The BankAmericard was available only in California until 1965, when it was licensed in several other states. Bank of America relinquished control of the credit card program to the individual issuers in 1970, and fifteen countries were given licenses for the card in

…

I write plenty  about Identity Theft, but I feel I should delve into this term a little bit deeper.  What is Identity Theft?  Really, What is it?

A Legal Definition of Identity Theft per Fair and Accurate Credit Transactions Act of 2003, Identity Theft Means:

“The term ‘identity theft’ means a fraud committed using the identifying information of another person.” 16 CFR §603.2

In recent years, Identity Theft term became sort of an “umbrella” term for many different crimes: credit card fraud, phone/utilities fraud, insurance fraud, basically Identity Theft and Identity

…