Types of Credit Card Fraud

Tracey_JohnstonCredit cards have made life easy. All you require now is one swipe, and all your money-related worries are solved, at least for the time being. What’s more is that they are easy to carry around, which makes them a better option than cash. The latter is more visible as well whether in a purse or wallet which, in turn, leaves you open to dangerous situations such as theft. Moreover, these plastic swipe cards have made shopping a breeze! Some even offer discounts on particular items, which further facilitates your purchases. Among numerous such benefits, there is one so-called advantage which credit card companies use heavily to promote the sale of these cards – safety. Since the cards are linked to your bank account and less visible than cash, they are claimed to be a safe way to conduct transactions. However, several people who have experienced first-hand credit card fraud would not agree to the safety claim of this plastic.

Credit card fraud is a broad term which refers to a situation where theft and fraud are committed, and a credit card is either involved or used. However, it isn’t as straightforward as it sounds. This is because there are about eight different types of credit card fraud! Knowing and understanding each scenario can help an individual take preventive measures to protect themselves against treacherous acts.

Following are the eight kinds of credit card fraud:

Stolen/missing card

It refers to a situation where a credit card holder becomes the subject of theft/burglary and finds himself without a card. It is the most common fraud and should be immediately reported to the company so that any financial damage could be minimized.

Acquisition of the account

This is a situation where a holder is oblivious to giving out personal information to a thief. The latter, once equipped with the knowledge, contacts the credit card company, declares a missing card and asks that the account address be updated. The result is that the thief acquires the card under the original card holder’s name.

Fake card

This involves a thief making a replica of someone’s credit card and using it to make purchases. Recently, though, such fraud has reduced because credit cards now arrive with an EMV chip embedded in them.

The card isn’t received

In such circumstances, what happens is that a to-be cardholder doesn’t receive his card at all because it gets stolen directly from the mail.

Dishonest application

A situation where a fraud uses another individual’s name and other information to request and obtain a card.

Multiple imprint

It refers to a situation where an old-fashioned, swipe card imprint machines are used. The fraud takes place in the form of a single transaction being recorded numerous times.

Collusive traders

Credit card fraud in such situations is a result of employees working together with thieves to swindle banks.

Card-not-present deception

This type of fraud is targeted towards businesses using eCommerce, mail order, telephone, and online methods to conduct trade. It involves using stolen credit card numbers to make purchases.

Will Brexit Affect Your Household Finances?

Tracey_JohnstonIt’s official, folks. The people of Great Britain have voted to leave the European Union. The Internet has been abuzz with ramblings of how Britain is on the brink of financial collapse. However, one question that everyone’s asking is how Brexit will affect their personal lives. While it may be a little premature to ring the alarm bells, it is important for everyone to realize that their lives are about to change a lot.

Changes in Utility Bills

The first thing that you will see spiking up significantly are utility bills as major financial experts have predicted that the United Kingdom pound is about to decline shortly. This means that to meet the cost of purchase, electricity and gas companies will have to raise their rates, which could lead to a sizable increase in your utility bills. This could be quite troublesome for ordinary people as their salaries and wages won’t be rising anytime soon while the bills will continue to mount. We never like saying this, but you might have to dip into your savings account some point in the future.

Travel Plans

If you’re a person from the United Kingdom who loves traveling and finds great pleasure in visiting new Canadian places like Vancouver BC, we have some bad news for you. The decline in the value of the UK vancouverpound means that your money will buy you less stuff during your travels. You will end up paying more for meals and accommodations in other European countries, not to mention the fact that you will also be required to produce a passport when moving across borders.

The increase in the money required for traveling will be even more troublesome for people who travel thousands of miles to support their football teams. Not only would they have to cough up more money just to travel, but they will also have to spend more to get tickets. Fortunately, most teams have publicly stated that they won’t be raising the price of admission at their ground. However, there are some teams who have remained quiet, which means it would be wiser to expect the worst.

Finding Places to Rent

vancouver-bcEveryone knows that it can be extremely difficult to find places to rent in the United Kingdom. Experts have predicted that this situation is about to get worse once Brexit sets in. This is because many people (of European origin) will have to apply for a housing permit and will be looking for rooms they could rent out. With an increase in demand for rooms, there’s bound to be more hopefuls for fewer rooms, which could result in a hike in the money you have to pay for accommodations. Even when you get a room, there’s no guarantee that you will be able to live there comfortably as someone may be willing to pay more money for your current room.


There’s no two ways about it. The lives of everyone living in the United Kingdom are about to change a lot and it will get more difficult to make both ends meet in the future.

Causes of personal bankruptcy

Tracey_JohnstonBankruptcy, in simple terms, is a state of insolvency where an individual or organization is able unable to pay their dues. The term personal bankruptcy applies to individuals or married couples where, if they declare to be insolvent, they can be relieved from consumer debt incurred for personal reasons such as family or household expenditures. The term corporate bankruptcy, on the other hand, applies to organizations. In today’s era, the personal bankruptcy statistics in several countries have been alarming. There are several causes behind such unnerving circumstances. Following are a few of them:

Medical expenses
In most countries, medical expenditures happen to be the leading cause of people declaring a state of bankruptcy. According to a study in Harvard University, approximately 62 percent of bankruptcies in the USA are because of the inability of people to meet their soaring medical bills. Surprisingly, 72 percent of these are people who possessed some form of health insurance.

Losing a job and hence, income can be quite devastating. Some people may be lucky enough to receive benefits or pay a while after being laid off, but most aren’t that lucky. With the economy facing inflationary pressures and some people not having an emergency fund on the side, losing a job could ultimately result in them being bankrupt.

Credit card debt
In several cases, such debt accumulates because of reckless spending. However, in many cases, the accumulation of credit debt can also be attributed to medical expenses, job loss, or emergency outlays. Also debt consolidation leads to trouble if the holder is unable to meet their consolidated debt payments, the eventual outcome that remains is to file for bankruptcy.

It is not used as a mere groundless accusation for facing money trouble. Divorce and separation are actually an extortionate business. Either one or both partners could end up losing not just a lot of money but also their personal property and assets. Aside from alimony, there also exist the issues of child support, legal fees, and managing a household on a single income. All these add to the financial burden.

Unforeseen expenditures
Life is unexpected, which is why we all must prepare and save up in the case of emergencies. However, sometimes, unexpected events such as earthquakes, hurricanes, or theft can cause a major dip into one’s savings, leaving no option but declaring bankruptcy.

Student loans
It is surprising how a simple loan for one’s education can actually lead to utter insolvency. Of course, this is bound to happen if a person does not plan on paying it off right after graduation. The more it is put off, the higher the interest accumulates and the more financial trouble it creates.

Living beyond one’s means is a primary cause of becoming insolvent. Often people fail to realize the importance of good financial planning. They take money for granted and spend it as their heart desires. While the economy faces inflation especially in these times, it becomes harder and harder for such people to survive due to their already existing debt. The eventual result is to declare bankruptcy in order to be free from the burden of debt.

The Benefits of SEO

Tracey_JohnstonThe importance of search engine optimization (SEO) can never be understated in this day and age. In a world where new and flashy websites are made every day, it has become tough for a web page to get featured in the search results of popular search engines like Google and Bing. Considering how drastically a webpage’s exposure and traffic increases once it has been featured on Google, it should be enough to convince everyone of the importance of SEO. However, for the more skeptical users, we have compiled below a list of how opting for our service will help your blog or web page grow.

1. Increased Traffic

As brushed upon above, your web page can exponentially increase its traffic if it has been search engine optimized. SEO means that your website has a better chance of being featured on search results of widely used search engines like Google, Yahoo, and Bing. Given the fact that, on average, Google alone handles 2.3 million searches per second, you can get an idea of how valuable marketing to this broad demographic would be to your organization. Once your blog is featured on Google, the amount of visitors who view your site rises exponentially.

2. Brand Awareness

seo-optimizedAs mentioned above, once the traffic on your webpage has increased, you get a better ranking in the search results of the more widely used engines. As the majority of people on the internet use these search engines, a better ranking is bound to lead to more people knowing about your brand and what you do. Thus, raising brand awareness among the masses is one of the biggest benefits of SEO.

3. Explore New Markets

What’s great about the internet is that it has linked far edges of the world together. The internet has made it so that if you operate out of a particular country, it doesn’t necessarily mean that you are limited to your regional audience. Nowadays, anyone can stumble onto your web page online and should you be search engine optimized, there is a high probability that these visitors will turn into clients shortly.

4. Cost Effectiveness

The biggest advantage of SEO is that it is economical enough for even the tiniest new startup to afford. The are companies like Kelowna SEO that can help you so you don’t have to break the bank to build a new following and access new markets. Thus, it would be fair to say that the cost effectiveness of SEO services is justifiably high.

5. A Better Website

SEO optimizes your webpage. SEO companies test your web page to find any dead or broken links and replace them. This means that less of your potential clients leave your web page feeling frustrated which, in turn, increases your chances of expanding your area of influence. A good SEO company will make your webpage mobile friendly as well, which draws in even more potential clients.

Best Household Finance Loans

Tracey_JohnstonManaging your household finances is not easy as you have to tackle expenses that pop up out of nowhere and with inflation on a rise, your earning just doesn’t seem to be enough. Due to this, people are forced to take loans to make both ends meet, and they often end up in a debt spiral that’s really hard to get out of. Many people are scared of debt, but if you use it wisely, it can be very helpful and give you much better control over your household finances.

There are many options available when it comes to household finance loans, but the most common options availed by Houston Texas consumers include credit cards, Houston debt consolidation loans and home equity loans, so let’s talk about when to use these different types of household finance loans and how these loans can be used in the best way.

Pros of Using a Credit Card

  • Credit cards are very easily available and convenient to use.
  • They are ideal for financial situations where you need to borrow for a short time.
  • They are the most convenient way to pay in emergencies.
  • They can be used without interest if you can pay off the debt within a month.
  • Credit card payments are easy to make if you spend within your limits.

Cons of Using a Credit Card

  • Credit cards have a high borrowing cost when compared to other household finance loan options.
  • They are not ideal if you’re looking for a loan that you won’t be able to pay off quickly.
  • Credit cards demand high interest rates which makes paying them off difficult.

Pros of Using Personal Loans

  • houston credit consolidationSince personal loans are unsecured loans, they can be used to borrow money at lower interest rates as compared to credit cards.
  • A personal loan is a more sensible option if you have to pay for a large purchase that will take you some time to pay off.
  • Personal loans are useful when you have to finance something unexpected such as emergency hospital bills or make a large purchase such as a car.
  • The interest rate is low and fixed, so you’ll be able to pay it off easily.

Cons of Using Personal Loans

  • Despite offering low interest rate, it’s not necessary they are the cheaper option because there are other fees involved like the loan origination fees.

Pros of Using Home Equity Loans

  • You can borrow from the equity you’ve built up by paying your mortgage.
  • Interest incurred on home equity loans is taken from your taxes.
  • You can borrow large sums if your home equity is large.

Cons of Using Home Equity Loans

  • Home equity loans can be more expensive upfront because closing costs and other fees are also involved.
  • Defaulting on payments for home equity loans puts your home at risk.
  • Rates are adjustable and rise with the interest rates.

Tips for Choosing the Right Holiday Lender

Ben FranklandChoosing the right payday lender is not easy. This is because there are some unscrupulous ones whose aim is to defraud unsuspecting borrowers.  You therefore ought to be extra careful to avoid being swindled by deceitful individuals posing as honest lenders. As such, this article highlights a few considerations that you have to bear in mind as you settle for the most trustworthy payday lender. Read on to know what you should bear in mind as you choose the best payday lending company. First, you need to go for a company that has honestly served others before. Remember that you are not the first person to acquire payday loans. As such, you need to enlist the help of people such your friends and colleagues when looking for a reliable lender. Let them give you the names of the companies they have dealt with before. Armed with this list, whittle down the long list until you are left with a few names. Consulting others cushions you against falling prey fraudulent lenders. Again, you need to consider the amount of interest levied on the loan you are applying for. Needless to say, payday loans generally attract higher interest rates than those charged by mainstream lending institutions such as banks. However, you  will find that the rates vary from one payday lending company to another. As such, you are advised to settle for the lender who charges the least amount of interest. Remember that you are already in financial hurdles and every single coin is of essence. The time the lender takes to process and disburse the loan after application should also determine the lender you choose. Most people apply for payday loans after they find themselves in financial emergencies. As such, they have limited time to wait for the lender to process their loans. Depending on your need, go for a company that will process your loan in time. It is pointless to apply for the loan if the money won’t serve the purpose for which you wanted it. Finally, you should make use of the internet as you shop around for the best payday lending institutions. Almost every lender has a website where they have described how they conduct their business. As such, you task is to move from one company’s website to another as you compare the nature of services offered. Remember to look at the reviews that have been posted by past clients about the lenders in question.