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Money And Credit Cards -  1

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Credit cards resources.Credit cards –also called plastic money– are everywhere, for almost every financial transaction, used by almost every citizen, every institution.

The big jump of credit cards is that contrary to paper money, credit cards can be used to buy products no matter the distance of the supplier, no matter the hour of day/night, no matter the transaction language, no matter the gender or age.

Just a few of the transactions we see daily with credit cards:

  • We can pay dinners at restaurants
  • We can buy emergency supplies in moments of coming adversities
  • We can pay for other loans
  • Students can acquire books, laboratory equipment, or pay for enrollment and tuition fees
  • We can pay for gas, or car repairs and maintenance at gas stations
  • Credit cards history can be used to build better credit scores.

The following are publications and EBooks from government agencies and/or industry and universities related to one or more of the above fields and activities of credit cards.

Questions and Answers about Credit Card Fraud

Credit card fraud: questions and answers.quoteHow does credit card fraud occur? Credit card fraud happens when consumers give their credit card number to unfamiliar individuals, when cards are lost or stolen, when mail is diverted from the intended recipient and taken by criminals, or when employees of a business copy the cards or card numbers of a cardholder.

What You Need to Know: New Credit Card Rules

What you need to know: New credit card rules.quote If your credit card company is going to make changes to the terms of your card, it must give you the option to cancel the card before certain fee increases take effect. If you take that option, however, your credit card company may close your account and increase your monthly payment, subject to certain limitations.

Teenagers and Credit Cards

Teenagers and credit cardsquote Tell the teens how the card works – starting with the connection between charging one month and paying the next. Emphasize that it’s not free money unless the balance is paid in full before the grace period expires. Explain interest and how it adds up if the debt continues to grow. Look at the fine print and review other key terms such as late fees.

How Credit Cards Work: Some Helpful Thoughts from Discover Card

How credit cards work: Some helpful thoughts from Discover Card.quote In the simplest of terms, a credit card is a loan. You’re the borrower, the credit card issuer is the lender. When you buy something, the credit card issuer pays the store or whomever on your behalf, and then sends you a bill around the same time each month.

Credit Cards: Your rights - a Consumer Guide

Credit cards: Your rights.quote American Express, MasterCard and Visa manage their chargeback processes individually and so their rules are slightly different. There is usually a time limit to make a chargeback claim (between four and six months). It’s worth checking with your credit card company exactly what protection is available to you. Under the industry’s Lending Code rules, they have to give you this information.

Credit Card Usage of College Students: Evidence from Louisiana State University

Credit card usage of college students: Evidence from Louisiana State University.quote There has been growing concern among some college and university administrators that the aggressive marketing of credit card companies on college campuses has substantially contributed to the recent rise in credit card debt on college campuses.

Choosing the Right Credit Card for You

Choosing the right credit card for you.quote If your credit card balance grows from month to month, that’s a sign that you are overspending and could be on the road to serious debt problems. Stop using your card until you get your debt under control.

Understanding Your Credit Report and Credit Score

Understanding your credit report and credit score.quote Having a good credit history is very important. If your credit history is poor, a lender can refuse to give you a loan. You may not be able to get a mortgage to buy a new house, or take out a personal loan. If the lender does decide to give you the loan, a poor credit history may mean you will have to pay a higher interest rate.

Your Credit Report Explained - Experian

The credit account information belongs to the lenders who store the information with the credit reference agencies.quote Why was I turned down for credit? The shop or lender you applied to made this decision. We are not told why you have been refused – only the shop or lender you applied to can tell you this. The shop or lender may have turned down your application for credit because of information on your credit report or as a result of other information they have (such as the information you provided on your application form).

Credit Scoring - Halifax

Credit scoring: Here’s how we work out whether we can give you credit. And what you can do if you’re refused it.quote You may have read in the press about people unfairly being refused credit – simply because someone who once lived at their address has a bad credit history.

Debt and Older People: How Age Affects Attitude to Borrowing

Debt and older people: How age affects attitude to borrowing.quote Older and younger groups are not only of different ages, but have had different kinds of experience and opportunities (such as in education) and have lived through different time periods (taking in periods of falls and rises in the housing market, for instance). These experiences may help to shape attitudes towards credit, the willingness of different groups to borrow and the amounts, if any, they feel comfortable having on credit.

Help Yourself to Sort Out Your Debts

Help yourself to sort out your debts.quote It is essential that you work out a realistic budget so you have enough money to live on and you don’t have to borrow or go without essentials.

In the Red: Debt and Mental Health

In the red: debt and mental health.quote A longitudinal study of single and married mothers examined the relationship between marital status, poverty and depression in a sample of inner-city women. The study found that the risk of depression among single mothers was double that of married mothers and that there was a correlation between long-term depression and financial hardship.

Dealing with Debt Collectors Video: Dealing with Debt Collectors