Monthly Archives: September 2008

Tips To Protect Your Credit Card

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As the credit card frauds and credit card stealing are increasing today, we should be very careful in keeping our credit card well as well as always try to keep our personal or private data well.

 

Here are some tips for you to protect your credit card from being fraud:

1. Never lend your credit card to anyone else. If you want your friends or your family to use your credit card, you should go with him/her and do it yourself.

2. Try to bring only one credit card or, at most, two credit cards.

3. Never write your PIN (personal identification number) on your credit card. The thieves will easily use your card and use the PIN to withdraw your money at an ATM machine.

4. You may write down the phone numbers of the credit card companies just in case if your credit card is stolen or lost. But keep it in a safe place.

5. Immediately report lost or stolen cards to the credit card company. This will allow the credit card company to stop the thief by canceling your credit card and number.

 

Well, doing those simple tips will help you to keep your credit card away from being fraud or being stolen. Do you want to try it?

Credit Card Fraud

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Have you ever being the victim of credit card fraud? Well, that must be an unexpected accident that no one wants. Today the credit card fraud is increasing so you have to be very careful with your credit cards.

 

The credit card fraud has costs businesses billions of dollars each year. And it costs you, too. Today, most people are using the credit cards routinely.

 

As the number of the credit card fraud is increasing, the credit card companies are taking steps to make the cards more secure. Here are some examples:

1. The credit card companies display a photograph of the cardholder. This will avoid the face-to-face purchases with a stolen credit card.

2. Put the holograms on the cards

3. Use the secret imprints or hidden images.

 

Even so, the credit card fraud can still happen to you though the credit card companies have tried to protect the cards. Even though credit card companies usually won’t make you pay for the merchandise that thieves buy, it can be nerve-wracking to lose a credit card or find unauthorized charges on your credit card bill. That’s why it’s important to protect your credit card. You should be careful in using the credit card, save your credit card number and you must keep your credit card sales slip well or just destroy it. So, being careful is a must if you want to avoid the credit card fraud.

Steps to Get a Reverse Mortgage

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Today we would like to give you some steps to get a reverse mortgage. We hope that this information will help you to understand more about the reveres mortgage. Here are the steps:

1. You should learn about reverse mortgages. You can read some articles related to this, browse the Internet, read the advertisement, or ask your friends about it.

2. Then, you can try to contacts a reverse mortgage lender or the National Reverse Mortgage Lenders Association to learn more about reverse mortgages.

3. You can seek counseling from a local HUD-approved counseling agency, or a national counseling agency. You can do it online, by phone or face-to-face.

4. You can fill out a loan application and selects a payment plan, whether fixed monthly payments, lump sum payment, line of credit, or a combination of these.

5. Give the lender about the required information, including verification of Social Security number, copy of deed to home, information on any existing mortgage(s), and counseling certificate.

6. You can start the process. Usually the Lender orders an appraisal, which the homeowner pays for, to place a value on the home.

7. You can hire a contractor to complete the repairs.

8. After receiving all pertinent information and data, lender finalizes loan parameters with you as the homeowner. Then they will submit loan package for final approval. It can take anywhere from 4-8 weeks to underwrite a loan package.

9. If the loan package is approved, closing of loan is scheduled. Interest rates are calculated. Closing papers and final figures are prepared.

10. You have three business days after signing papers in which to cancel the loan.

11. You can access the funds in the form of the payment option selected.

12. You can use the loan proceeds for any purpose.

13. The loan service manages the account and is responsible for disbursing monthly payments to you, , advancing line of credit funds upon request, collecting any repayments on the line of credit, and sending periodic statements.

14. You don’t have to make any monthly mortgage payments during the life of the loan.