Sep
2014

Apple woos credit cards for mobile wallet; U.S. firms feel targeted in China …

Apple has reached deals with major credit card companies to partner on a mobile wallet initiative, according to multiple reports. Re/code said American Express (NYSE: AXP) is on-board, and Bloomberg reported that Visa (NYSE: V) and MasterCard (NYSE: MA) have joined. The system will allow iPhone 6 owners to use their devices to pay for items at certain retailers. Google (NASDAQ: GOOG) has long had its own Google Wallet feature, but its failed to gain much traction outside of a few select pockets. For Apple (NASDAQ: AAPL), the move is a new test of whether people feel more comfortable connecting their credit cards to their phones. — Re/code and Bloomberg

Kevin Durant, last years...

Sep
2014

Police Arrest Landscaper, One Other In Theft of Jewelry, Credit Cards

An investigation into the ransacking of a Watertown home has led to the arrest of two men, one of whom was employed as the propertys landscaper, on larceny and identity theft charges.

Police were called to a home on Cutler Knoll in Watertown on August 6th. The home had been ransacked and a large amount of jewelry, cash, credit cards and the homeowners vehicle had been stolen.

Investigators said they reviewed video footage from the stores where the stolen card was used and were able to identify two suspects, one of whom who worked on the property and did not have authorization to be in the house, as a suspect.

After showing photos of the stolen jewelry to local pawn shops,...

Sep
2014

This Is How Celebrities Go Broke After Multi-Million Dollar Endorsement Deals

Ever wonder how the average American can manage to pay his taxes but celebrities raking in millions of dollars each year can’t? Or how stars who once were the face of multi-million dollar endorsement deals suddenly find themselves filing bankruptcy, facing foreclosure, and having their cars repossessed? So does Moguldom Studios, that’s why they’ve released a new documentary that explores exactly what happens When The Checks Stop Coming In.

When The Checks Stop Coming In is a candid investigation into the lives of black celebrities as they fall from fame and fortune to downright broke. It’s the life of a celebrity ­­one minute you are singing...

Sep
2014

Maybe You Should Use Your Credit Cards More Often

There are several good reasons for using credit cards more for everyday purchases. For one, you are much less vulnerable to theft of personal information, which as we know from the headlines is a serious problem these days. You can also earn some pretty nice perks and build a more solid credit history.

While Im not advocating running up the balances on your credit cards, using them responsibly and correctly can help your finances now and moving forward.

Better protection
Theft of credit and debit card information is a recurrent threat these days. While no one is immune to the massive data breaches seen in recent months and years, credit cards are less susceptible to other...

Sep
2014

Top Reasons To Apply For An FHA Loan

Following the Great Depression of 1929, few families were able to purchase homes, and many who had previously owned homes lost them to forced sales and foreclosure. Mortgage terms were difficult to meet, and loans were limited to 50% of the propertys market value. After three to five years of interest-only payments, a final balloon payment that essentially amounted to the entire principal of the loan became due.

In 1934, the Federal Housing Administration was created to help pull the nation out of the Depression and boost homeownership by making mortgages available to more people. The FHA program lowered down payment requirements; qualified borrowers based on their ability to repay...

Sep
2014

Kevin Hunt: Retailers With The Worst Branded Credit Cards

Shoppers know they can find deals every week at Zales, Office Depot, Staples and Best Buy. Yet these same stores also offer some of the worst deals in the retail world branded credit cards with annual percentage rates that exceed 25 percent.

The average rate at store-issued credit cards at the nations largest retailers is now 23.23 percent, according to a recent survey by CreditCards.com, or 8 points higher than the national average for general-purpose cards.

Shoppers dont seem to care. Private-label retail cards accounted for about $270 billion in sales last year, according to the Federal Reserve. Many consumers take advantage of discount offers like a Macys card that deducts...

Sep
2014

6 Surprising Reasons You Can’t Get That Credit Card

Credit experts say there are a few obvious reasons — like blowing off bills regularly or having a recent bankruptcy — that can get you denied. There are also some more surprising reasons why you might have trouble getting a credit card.

You don’t have enough credit. Some people pat themselves on the back for having only a single credit card, or none at all. No credit cards or other obligations like mortgages or car loans, may mean you’re just frugal and really good with your money. But it makes you a cipher to credit card companies. “Lenders prefer being able to review a track record of how a person has managed credit in the past,” the National...

Sep
2014

Fewer college students being offered credit cards

COLUMBIA, MO — As credit card companies ramp up their offerings to college students across central Missouri, some students at University of Missouri say they plan to avoid credit cards altogether.

Senior Josh Witmer said he plans to avoid getting a credit card for as long as possible until he has a full-time job.

“I never wanted money to be buying things with anyway, except for food and rent and things like that,
 Witmer said. “I...

Sep
2014

Kroger Plus card links ex-mailman to stolen credit cards, investigators say

Warning to would-be crooks: Don’t try to rack up Kroger fuel points when you’re buying stuff
with a stolen credit card.

That’s what apparently led postal investigators to former mail carrier Arlie O. Ruff of
Bexley.

Ruff, 67, was in US District Court yesterday on charges that he used credit cards from mail
stolen along his Galloway and Far West Side route between 2003 and 2009. He pleaded not guilty and
was released on his own recognizance.

A 2009 search warrant for Ruff’s home at 736 Chelsea Ave. says that special agents tracked him
down through his Kroger Plus card. Ruff used the card when he bought nearly $7,000...