Credit Account – How To Occupy http://howtooccupy.org/ Wed, 12 Jan 2022 14:16:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://howtooccupy.org/wp-content/uploads/2021/07/icon.png Credit Account – How To Occupy http://howtooccupy.org/ 32 32 Chase Freedom Unlimited and Freedom Flex 5% grocery benefit ends tomorrow https://howtooccupy.org/chase-freedom-unlimited-and-freedom-flex-5-grocery-benefit-ends-tomorrow/ Wed, 12 Jan 2022 10:30:31 +0000 https://howtooccupy.org/chase-freedom-unlimited-and-freedom-flex-5-grocery-benefit-ends-tomorrow/ The Select editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. If you spend a lot on groceries, you may want to consider requesting the Chase Freedom Flex℠ or Chase Freedom Unlimited® […]]]>

The Select editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.

If you spend a lot on groceries, you may want to consider requesting the Chase Freedom Flex℠ or Chase Freedom Unlimited® soon. Both cards currently have a welcome offer that includes 5% cash back on grocery store purchases (excluding Target® or Walmart® purchases) up to $ 12,000 spent in the first year. This is one of the best returns you can get from a credit card for your grocery shopping.

The promotion will end by the end of the day on January 12. So, if you are interested, you will need to act quickly to grab this exciting offer.

Here’s what you need to know if you plan to apply for either of these cards in the next 24 hours.

Chase Freedom Unlimited and Freedom Flex 5% Cash Back Grocery Welcome Offer

Chase Freedom Flex℠

  • Awards

    Earn 5% cash back on grocery store purchases (excluding Target® or Walmart® purchases) up to $ 12,000 spent in the first year, 5% cash back up to $ 1,500 in combined purchases in bonus categories each quarter you activate (then 1%), 5% cash back on trips booked through Chase Ultimate Rewards®, 3% on pharmacy and meal purchases (including take out and qualifying delivery services), 1% cash back on all other purchases

  • Welcome bonus

    $ 200 cash back after spending $ 500 on purchases in the first three months after opening the account

  • Annual subscription

  • Introduction APR

    0% during the first 15 months of opening the account on purchases and balance transfers

  • Regular APR

    14.99% to 24.74% variable

  • Balance transfer fees

    Introductory fee of $ 5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of opening the account. After that, either $ 5 or 5% of the amount of each transfer, whichever is greater.

  • Foreign transaction fees

  • Credit needed

Advantages

  • No annual fee
  • Generous welcome bonus
  • Possibility to earn up to 5% cash back in certain categories upon activation
  • Rewards can be transferred to a Chase Ultimate Rewards card

The inconvenients

  • Bonus categories must be activated quarterly
  • 3% fees charged on foreign transactions
  • Estimated rewards earned after 1 year: $ 852
  • Estimated rewards after 5 years: $ 2,844

Reward totals include cash back earned from the welcome bonus

Chase Freedom Unlimited®

  • Awards

    Get 5% cash back on grocery store purchases (excluding Target® or Walmart® purchases) up to $ 12,000 spent in the first year, 5% cash back on trips purchased through Chase Ultimate Rewards ®, 3% on pharmacy and meal purchases (including eligible takeout and delivery services) and 1.5% cash back on all other purchases

  • Welcome bonus

    $ 200 cash back after spending $ 500 on purchases in the first 3 months after opening the account

  • Annual subscription

  • Introduction APR

    0% during the first 15 months of opening the account on purchases and balance transfers

  • Regular APR

    14.99% to 24.74% variable

  • Balance transfer fees

    Introductory fee of $ 5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of opening the account. After that, either $ 5 or 5% of the amount of each transfer, whichever is greater.

  • Foreign transaction fees

    3% of each transaction in US dollars

  • Credit needed

Advantages

  • No annual fee
  • Long intro period 0% APR
  • Rewards can be transferred to a Chase Ultimate Rewards card
  • Generous welcome bonus

The inconvenients

  • Below average 1.5% cash back on purchases in the non-bonus category
  • 3% fees charged on foreign transactions
  • Estimated rewards earned after 1 year: $ 847
  • Estimated rewards after 5 years: $ 2,709

Reward totals include cash back earned from the welcome bonus

The sign-up bonus for both cards currently offers:

  • $ 200 cash back after spending $ 500 on purchases in the first 3 months after opening the account.
  • 5% cash back on grocery store purchases (excluding Target® or Walmart® purchases) up to $ 12,000 spent in the first year

This means that if you were to maximize the benefit of groceries, you could earn a maximum of $ 600 in cash during the year. In addition, each card also comes with a bonus of $ 200 after spending $ 500 in the first three months of card membership. It doesn’t even take into account the respective bonus spending categories of each card, giving cardholders the opportunity to earn cash on a wide variety of their purchases. At a minimum, you could win $ 800 in cash back in the first year if you max out the welcome bonus.

In addition, neither card has an annual fee, which makes it easy to extract value from the card immediately.

Finally, if you’re looking for spending or borrowing flexibility, both cards come with an introductory 0% APR offer on purchases and balance transfers for the first 15 months after account opening. After the introductory period, a variable APR of 14.99% to 24.74% applies. So if you are considering a home improvement project or need to transfer a balance of your vacation expenses, either of these cards can help you avoid credit card interest.

At the end of the line

Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.

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The Tesco prepaid card is now available to ALL 20 million Clubcard holders https://howtooccupy.org/the-tesco-prepaid-card-is-now-available-to-all-20-million-clubcard-holders/ Mon, 10 Jan 2022 12:37:01 +0000 https://howtooccupy.org/the-tesco-prepaid-card-is-now-available-to-all-20-million-clubcard-holders/ You can top up the prepaid card through any UK bank account, plus it rounds up expenses and saves them Firstly, Clubcard Pay + is not the same product as the Tesco Bank checking account, which is no longer available to new or existing customers. Instead, the new debit card is primarily aimed at helping […]]]>

You can top up the prepaid card through any UK bank account, plus it rounds up expenses and saves them

Firstly, Clubcard Pay + is not the same product as the Tesco Bank checking account, which is no longer available to new or existing customers. Instead, the new debit card is primarily aimed at helping customers budget – and its features, which remain the same as when they first tried it, are restricted as a result. Here are the key things to know:

  • You can top up using any UK bank account and then use the card for in-store and online purchases. Clubcard Pay + comes with a Visa contactless debit card. You can add money to it from your existing bank account using Tesco Bank’s mobile banking app, then use it like any other card to pay in store and online.
  • You can accumulate Clubcard points on your expenses. The Clubcard Pay + debit card acts like your Club card when used in Tesco, meaning you don’t have to swipe the two. You will earn two points for every £ 1 spent at Tesco in the first 100 days of opening your account, and then one point for every £ 1 thereafter, which is the same as with a regular Club Card (the Normal exclusions apply, you will only get points on items such as tobacco, lottery tickets, prescription drugs and formula). You’ll also collect a Clubcard point for every £ 8 you spend elsewhere – the same as with a Tesco Bank credit card (see below for more on this).
  • It comes with a “rounding” feature and a savings account. When you spend on the card, your transaction is rounded up to the next nearest pound, with the difference going into a “Round Up” savings account (this is automatically opened when you sign up for Clubcard Pay +). For example, if your basket is £ 14.85, an additional 15 pence will be taken from your Clubcard Pay + card account and paid into the Round Up savings account. You can turn off this feature using the app, if you prefer.

    The Round Up Savings Account allows unlimited withdrawals without penalty and pays variable interest of 0.1% AER – but is easily beaten by the best easy-to-access accounts, which currently pay up to 0.7%.

    It’s also worth noting that this feature is not unique to Clubcard Pay + – several leading banks including Halifax and Lloyds, as well as app-based banks Monzo and Starling, also offer it to their checking account customers. . See our guide to digital banking for more information.

  • Money held with Clubcard Pay + and Round Up is protected. Tesco Bank is fully regulated in the UK, so you get the usual security protection of £ 85,000 per person on funds you hold in Clubcard Pay and Round Up accounts.

But you cannot set up direct debits and he has no overdraft

But before removing the prepaid card, you should pay attention to the following points:

  • He has no overdraft. If your balance drops below zero (for example, when a merchant accepts payment without checking whether you have enough money in your account), you will need to top up your account immediately – otherwise you could face suspension or suspension of your account. even closed. But you will not be charged any fees in this scenario.
  • You cannot switch to this account or make withdrawals from it. Tesco says that Clubcard Pay + is not designed to be used as your main bank account, so you cannot use the checking account switch service and it does not support direct debits, so you will not be able to pay for them. your household bills in This way.
  • It is expensive to use abroad. While you can still earn a Clubcard point for every £ 8 spent overseas, any gain is totally wiped out by the fees. Tesco charges a 2.75% currency exchange fee on all Clubcard Pay + debit card transactions made outside the UK.

    If you make a cash withdrawal from an ATM outside the UK in a foreign currency (non-euro), you will need to pay an additional 1% cash withdrawal fee (although there is no withdrawal fees for euro withdrawals in Europe). For comparison, our current Top Pick travel debit cards charge no fees on overseas expenses or withdrawals.

You could earn more cashback with a credit card

If you think Clubcard Pay + is right for you, you can apply online through the Tesco website. There will be a gentle credit report search when you apply, but it will not affect your creditworthiness even if you are rejected.

However, while this can be an easy way to earn extra points in the short term, in the long term it is possible to earn a lot more points or cash back using a rewards credit card, provided you only use it for normal expenses. and repay it FULL every month. For example:

  • The Amex Platinum Cashback Everyday card offers beginners 5% cash back for the first three months (up to a maximum of £ 100). After that you get 0.5% back on your spending up to £ 10,000 and 1% above. However, note that you need to spend at least £ 3,000 per year to get ANY cash back.
  • The Amex Preferred Rewards Gold card offers beginners who spend at least £ 3,000 in the first three months an introductory bonus worth up to £ 184 in Nectar Points, a £ 100 M & S / Amazon voucher or 23,000 airline / hotel points. In addition, you earn points continuously on all your expenses. It’s free in the first year but costs £ 140 per year from the second year on – so plan to cancel before then if you want to avoid it.

Tesco Bank also offers several credit cards that allow you to earn Clubcard points, including:

  • Tesco Bank Credit Card Purchases. He doesn’t have an introductory bonus, but he pays an additional Clubcard point for every £ 4 spent at Tesco (on top of the usual point for £ 1). So if, for example, you spent £ 4 at Tesco, you would get four points via Clubcard Pay (or eight points in the first 100 days) or five points on the Tesco credit card. You also get a point for £ 8 spent elsewhere. Plus, it offers up to 23 months of interest on 0% spending (but don’t use that as an excuse to overspend).

Check out our guide to credit card rewards for full details and our top picks, including more non-Amex options.

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Reghan Winkler: Top 5 scams in the Lima region in 2021 https://howtooccupy.org/reghan-winkler-top-5-scams-in-the-lima-region-in-2021/ Sat, 08 Jan 2022 15:30:27 +0000 https://howtooccupy.org/reghan-winkler-top-5-scams-in-the-lima-region-in-2021/ In an interconnected world dependent on the Internet, the methods and reasons used by fraudsters to deceive people are constantly changing. Scammers monitor the news to take advantage of the chaos and current information that can be effective in convincing people to part with their money or vital information. The COVID pandemic, widespread unemployment, the […]]]>

In an interconnected world dependent on the Internet, the methods and reasons used by fraudsters to deceive people are constantly changing. Scammers monitor the news to take advantage of the chaos and current information that can be effective in convincing people to part with their money or vital information. The COVID pandemic, widespread unemployment, the increase in online shopping are just a few examples.

If you add these situations above to historically trusted Medicare / Social Security scams, bogus sweepstakes / lotteries, and bogus charity scams, you’ll get the top five scams of 2021.

1. The unemployment scam – In what is described as the most massive scam opportunity ever, scammers have rushed to exploit the Federal Unemployment Pandemic Assistance (PUA) program. By using bots to file bogus unemployment claims on behalf of real people, fraudsters were able to steal an estimated $ 200 billion from the government program. People who never filed for unemployment received letters telling them that their PUA benefits were expiring. The identities of these people were stolen, and the documents filed also caused serious tax liability issues for those compromised.

We are still getting a lot of calls regarding this scam. If you may have been the victim of the scam, go to the Ohio Department of Employment and Family hotline at 833-658-0394 or online at unemployment.ohio.gov and press “Report Identity Theft” button to report fraud.

2. Social security / Medicare scams – In these scams, victims receive a scary phone call or email claiming to be from Social Security Administration or Medicare stating that there has been suspicious activity on the victim’s account. Victims are told that unless they provide personal information or credit card numbers for the payment of fines, penalties or fees, their account will be suspended.

If you receive any of these scam calls or emails, do not give out any information. Hang up immediately. If you receive a call regarding Social Security, contact the Office of the Inspector General of Social Security online at https://oig.ssa.gov/report.

3. Amazon scam – An “erroneous charge” of $ 499 on a victim’s account would be “detected by Amazon”. In trying to “credit the account” $ 499, $ 3,499 was credited instead. To rectify the “mistake,” the fake Amazon rep said the victim would have to buy $ 3,000 in CVS gift cards and relay the numbers on the back.

Keep in mind: Amazon never asks you to disclose or verify sensitive personal information or offer you a refund that you don’t expect.

4. Sweepstakes / lotteries scam – Often known as the Publishers Clearing House (PCH) scam, victims receive a phone call or email claiming they were the lucky winners of the PCH, or other raffle or lottery. In order to collect their winnings, victims are told that they have to pay an upfront fee in the form of prepaid debit cards or MoneyGram.

Remember, if you didn’t participate, you can’t win it! Don’t buy the Cards or MoneyGram!

5. Pop-up charity scams – Disasters, veterans, and vacations are all reasons Americans generously donate their hard-earned dollars to help those in need. Unfortunately, these reasons are also exploited by crooks who create bogus “pop up” charities to take advantage of well-meaning donors. They mimic real nonprofits by using direct mail, email, and telemarketing tactics to defraud the generous-minded.

Make sure your donations go to legitimate causes by checking with watchdogs like the Better Business Bureau’s Charity Navigator, CharityWatch, and Wise Giving Alliance. Also pay attention to the charity’s name and web addresses. Scammers often imitate the names of familiar and trusted organizations to deceive donors.

These were the top five scams in our region in 2021, but this article is only scratching the surface. Call us at BBB if you come across a situation that you think is suspicious. We can help you!

Reghan Winkler is executive director of the Better Business Bureau serving West Central Ohio. The BBB can be found on the Internet at bbb.org/us/oh/lima.


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Here are 7 Money Moves Everyone Should Make This Month https://howtooccupy.org/here-are-7-money-moves-everyone-should-make-this-month/ Thu, 06 Jan 2022 19:32:13 +0000 https://howtooccupy.org/here-are-7-money-moves-everyone-should-make-this-month/ Life would be a lot easier if someone just sent us $ 1 million, but unfortunately the chance of that happening is probably zero. (Venmo doesn’t allow such large transactions anyway.) But even though our chances of becoming a millionaire are slim, we can still manage our money like it is. No, we’re not going […]]]>

Life would be a lot easier if someone just sent us $ 1 million, but unfortunately the chance of that happening is probably zero. (Venmo doesn’t allow such large transactions anyway.)

But even though our chances of becoming a millionaire are slim, we can still manage our money like it is. No, we’re not going to tell you how to buy hundreds of Apple stocks. Or how to choose the perfect yacht.

These are simple movements of money that any normal non-millionaire person can make today. Every secret can bring you closer to achieving your big goals.

Looked:

1. Use this secret debit card

Here’s the deal: if you don’t use Aspiration’s debit card, you’re running out of extra cash.

Yeah. A debit card called Aspiration gives you up to 10% cash back every time you swipe your finger, in addition to giving you up to 100 times the normal interest rate on your balance.

Need to buy groceries? Get extra money.

Need to fill the tank? Bam. Even more extra money.

This card had a long waiting list, but now you can register for free.

Enter your email address here and link your bank account to see how much extra money you can get with your Free Aspiration account. And don’t worry. Your money is FDIC insured and under military grade encryption. It’s a nerd talk for “it’s totally safe.”

2. You can buy a building (even if you are not rich)

Take a look at some of the richest people in the world. What do they have in common? Many invest in large private real estate transactions. And here’s the thing: there’s no reason you can’t do it too – for as little as $ 10.

A company called Fundrise lets you get started in the real estate world by giving you access to a diverse, low-cost portfolio of private real estate. The best part? You don’t have to be the owner. Fundrise does all the heavy lifting.

Fundrise’s Starter Portfolio has a minimum of only $ 10 and is aimed at first-time real estate investors. Your money will be invested in the company’s flagship fund, which already owns more than $ 250 million in real estate across the country, from apartment complexes and the bustling rental housing market to the biggest. last mile e-commerce logistics centers.

As tenants pay their rent, you could make money through quarterly dividend payments, and over time you could make money on the property’s potential appreciation. Since 2014, Fundrise investors have earned around $ 100 million in dividends alone.

So, if you want to get started in the world of real estate investing, it only takes a few minutes to register and create an account with Fundrise.

3. You can buy another business for $ 1

Take a look at Forbes’ list of the richest people and you’ll notice that almost all billionaires have one thing in common – they own another business.

But if you are working for a living and don’t have millions of dollars lying around, it might seem totally out of reach.

This is why a lot of people use the Stash app. This allows you to be a part of something that is normally exclusive to the richest of the rich – buying parts from other companies for as little as $ 1. *

That’s right, you can invest in well-known companies like Amazon, Google, or Apple for as little as $ 1. The best part? When these companies profit, so do you. Some companies even send you a check every quarter for your share of the profits, called dividends.

Signing up takes two minutes and Stash will give you a $ 5 sign up bonus once you deposit $ 5 into your account. **

4. You can cancel your auto insurance

Did you know that you can save a lot of money just by changing your car insurance company?

That’s right – the rates are at all time lows, and you could be paying a lot less for the same coverage. All you have to do is search for it.

But don’t waste your time shopping around for different insurance companies. Use a website called EverQuote to see all of your options at once.

EverQuote is the largest online marketplace for insurance in the United States, so you’ll get the best options from over 175 different carriers.

Take a few minutes to answer a few questions about yourself and your driving record. With this information, EverQuote will be able to give you the best auto insurance recommendations. In just a few minutes, you could save up to $ 610 per year.

5. You can quickly add up to 300 points to your credit score

You might not think that your credit score is that important. In fact, you might not think about it at all. But what happens when you want to buy a car? Or a house? Unfortunately, these three little numbers play a huge role in your ability to do this.

And if you have an error on your credit report (one in five do), you might be in trouble.

Fortunately, a website called Credit Sesame will help you spot any errors, for free. It shows you why you have the score you are making and gives you personalized advice to point you in the right direction.

Salome Buitureria, a mother who works in Louisiana, found a major error in her report this way. By using Credit Sesame, she was able to correct the mistake and take additional steps to increase her credit score from 524 to almost 700.

Now she and her husband feel better positioned to achieve their most important goal – buying a home. Registration only takes about 90 seconds.

6. You can stop paying your credit card company

If you have credit card debt, you know it. Anxiety, interest rates, fear you will never escape …

And the truth is, your credit card company doesn’t really care. It’s just getting rich by ripping yourself off with high interest rates – some up to 36%. But a website called Fiona could help you pay that bill tomorrow.

Here’s how it works: Fiona can match you with a low-interest loan that you can use to pay off every credit card balance you have. Earnings? You only have one bill left to pay each month, and since the interest rate is so much lower, you can get out of debt much faster. Also, no credit card payments this month.

If your credit score is at least 620, Fiona can help you borrow up to $ 250,000 (no collateral required) with fixed rates starting at 2.49% and terms from 6 to 144 months.

Fiona won’t make you stand in line or call a bank. And if you’re worried you might not qualify, it’s free to check online. It only takes two minutes and can save you thousands of dollars. Really worth it.

All that credit card debt – and the anxiety that goes with it – could be gone by tomorrow.

7. Give your family $ 1 million

This is one of those occasions where spending a little extra cash each month can pay off later.

Have you thought about how your family would cope without your income after you left? How are they going to pay the bills? Send the children to school? Now is a good time to start planning for the future by considering a term life insurance policy.

You’re probably thinking: I don’t have the time or the money for this. But your application could take a few minutes, and you could leave your family up to $ 1 million with a company called Bestow.

Rates start at just $ 16 per month. The peace of mind of knowing your family is being taken care of is invaluable.

If you’re under 54 and want a quick life insurance quote without a medical exam or even getting up from the couch, get a free quote from Bestow.

*For a policy of $ 500,000, subject to eligibility.

* Non-client endorsement paid. Check out the reviews on the Apple App Store and Google Play. See important disclosures. Investment advisory services offered by Stash Investments LLC, an investment adviser registered with the SEC. This material has been distributed for informational and educational purposess only, and is not intended to be investment, legal, accounting or tax advice. Investing involves risks.


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Universal Credit applicants can receive a bonus of £ 812 in 2022 – are you eligible? | Personal Finances | Finance https://howtooccupy.org/universal-credit-applicants-can-receive-a-bonus-of-812-in-2022-are-you-eligible-personal-finances-finance/ Sun, 02 Jan 2022 17:24:22 +0000 https://howtooccupy.org/universal-credit-applicants-can-receive-a-bonus-of-812-in-2022-are-you-eligible-personal-finances-finance/ Universal Credit offers support to those who have low incomes or are totally unemployed. Those facing unforeseen emergency costs may also receive budgetary advances. Budgetary advances can help applicants cover the costs of emergency household expenses such as replacing a broken stove, getting a job or keeping work, or funeral expenses. These advances will have […]]]>

Universal Credit offers support to those who have low incomes or are totally unemployed. Those facing unforeseen emergency costs may also receive budgetary advances.

Budgetary advances can help applicants cover the costs of emergency household expenses such as replacing a broken stove, getting a job or keeping work, or funeral expenses.

These advances will have to be repaid by regular installments from Crédit Universel, which will be less until the debt is repaid.

If an applicant stops obtaining universal credit, they will have to repay the money through other means.

What a person can get from a budget advance will depend on how much they need and they will agree on that amount with their work coach.

READ MORE: 22 Things People On Universal Credit Can Get For Free In 2022

To request a budget advance, applicants can update their journal in their Universal Credit account, contact their nearest employment office, or call the Universal Credit helpline on 0800 328 5644.

To be eligible for Universal Credit initially, an applicant must live in the UK and be 18 years of age at retirement age.

They should also have less than £ 16,000 in savings.

Applicants may work and be eligible for Universal Credit and it is also available for self-employed and part-time workers.

Single applicants aged 25 or over will receive £ 324.84.

Couples, both of whom are under 25, will receive £ 403.93 (for both).

When at least one of the couples is 25 years of age or older, £ 509.91 will be issued.

It should be noted that universal credit income and other benefit payments will increase 3.1% from April.


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Equifax Adds Buy Now, Pay Later Payments to Credit Reports https://howtooccupy.org/equifax-adds-buy-now-pay-later-payments-to-credit-reports/ Fri, 31 Dec 2021 15:46:51 +0000 https://howtooccupy.org/equifax-adds-buy-now-pay-later-payments-to-credit-reports/ Payments on Buy Now, Pay Later (BNPL) loans will be added to credit reports over the coming year. This is good news for some good consumers, but others should be careful. Loans, which typically allow customers to pay for their purchases in four equal installments rather than all at once, have exploded in popularity in […]]]>

Payments on Buy Now, Pay Later (BNPL) loans will be added to credit reports over the coming year. This is good news for some good consumers, but others should be careful.

Loans, which typically allow customers to pay for their purchases in four equal installments rather than all at once, have exploded in popularity in recent years and are expected to continue to grow. Equifax, one of the top three credit bureaus in the United States, announced earlier this month that it will begin recording those installment plans on reports in early 2022.

Currently, some BNPL companies report certain loan information to certain credit bureaus. Affirm, for example, reports some loans to Experian. But Equifax will be adding BNPL information for the first time.

The bureau says this will give lenders “a more complete picture of people’s financial commitments, such as how much they owe on those plans,” and notes that the inclusion of on-time BNPL loan payments on a credit report could potentially increase consumer credit scores.

But in the same way, missing those payments would also potentially lower a consumer’s credit rating, just like missing a credit card payment now.

BNPL loans, also known as point-of-sale loans because they are usually offered over the counter, are relatively easy to obtain and generally do not require hard credit. This makes them especially popular among younger consumers, who do not have a credit history or who are wary of the credit industry.

This is one of the reasons Equifax says that including on-time payments in credit reports could help young consumers, who have easier access to BNPL loans than other types of credit, to build. their credit history.

But there are a few issues that credit bureaus and BNPL companies like Affirm and Afterpay will need to resolve. These types of loans are generally short term (paid off in a matter of weeks) and consumers can open and close multiple BNPL loans at the same time. This could be a potential problem, since the average age of accounts and the time since opening a new account is part of calculating a credit score.

Plus, there is often a time lag between when people open an account and when it shows up on their credit report, so consumers can pay something off before it shows up.

That said, if paid on time, BNPL payments added to credit reports could boost scores for those with slim credit histories.

If you take out a BNPL loan, make sure you can repay it.

“Just because you’re eligible for BNPL, or any other credit product, doesn’t mean you should use it,” says the Consumer Financial Protection Bureau.

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Komets: a fake account asking candidates for the purchase of tickets information about their credit card https://howtooccupy.org/komets-a-fake-account-asking-candidates-for-the-purchase-of-tickets-information-about-their-credit-card/ Thu, 30 Dec 2021 15:31:34 +0000 https://howtooccupy.org/komets-a-fake-account-asking-candidates-for-the-purchase-of-tickets-information-about-their-credit-card/ Posted: Dec. 30 2021 / 10:31 a.m. EST / Update: Dec. 30 2021 / 11:50 a.m. EST FORT WAYNE, Indiana (WANE) – Scammers have “spoiled” a ticket-giving contest for the Fort Wayne Komets. The team said in a Facebook post that a fake Komets account was contacting the “winners” of a recent ticket contest launched […]]]>

Posted:
Update:

FORT WAYNE, Indiana (WANE) – Scammers have “spoiled” a ticket-giving contest for the Fort Wayne Komets.

The team said in a Facebook post that a fake Komets account was contacting the “winners” of a recent ticket contest launched by the team. The account then asked fans for their credit card information, the team said.

“Please do not enter your credit card information for anything related to this contest,” the Komets said. “Real winners will be contacted via message and only asked for a name to leave tickets under Will Call.”

The K’s were donating tickets to their popular New Years Eve game against the Iowa Heartlanders at Memorial Coliseum. Fans were asked to “like” and share the post and identify a friend or family member to bring to the game.

The Komets issued the following statement:

“Last night we were made aware of a potential scam with our Facebook New Years Eve ticket promotion. We quickly took action to resolve the issue and informed our fans that it was indeed a fraud and not to give any information on the link. The organization would certainly never send an electronic form to anyone asking for their personal information. “

To enter the competition, visit the Komets Facebook page.


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Oregon FBI Tech Tuesday: Avoid Online Year-End Scams https://howtooccupy.org/oregon-fbi-tech-tuesday-avoid-online-year-end-scams/ Tue, 28 Dec 2021 19:49:36 +0000 https://howtooccupy.org/oregon-fbi-tech-tuesday-avoid-online-year-end-scams/ PORTLAND, Oregon (KTVZ) – This week’s Oregon FBI Tech Tuesday segment focuses on building a digital defense as we close 2021. You’ve made it through the holiday season and you’ve almost arrived at the New Year. There are just a few last minute things you need to watch out for. First of all – charity […]]]>

PORTLAND, Oregon (KTVZ) – This week’s Oregon FBI Tech Tuesday segment focuses on building a digital defense as we close 2021.

You’ve made it through the holiday season and you’ve almost arrived at the New Year. There are just a few last minute things you need to watch out for.

First of all – charity fraud. You have until 31st to make those year-end donations to charities so that you can claim that year’s tax deductions.

Charity scams can come to you in many forms – emails, social media posts, crowdfunding platforms, cold calls, or even text messages. Always be careful and do your research.

  • Donate to established charities or groups whose work you know and trust.
  • Beware of organizations with copy names or names similar to reputable organizations.
  • Check the charity’s background on the Federal Trade Commission website.
  • Donate using a check or credit card. If a charity or organization asks you to donate cash, gift card, virtual currency, or wire transfer, it is likely a scam.

Let’s move on – there are two more year-end issues we want to alert you to. The first is payroll or benefits fraud. Employees may not be surprised to receive a notification, allegedly from HR, to log in and verify their accounts online as we come to the change in schedule from year to year. As soon as the employee clicks on the wrong link provided in a convenient way, the malware downloads to the system and the wrong actor now has access to your employee’s personal and financial information.

The second concern is with the payroll office itself. While your financial staff are preparing year-end reports, they may receive a bogus email – allegedly from the IRS – asking for Social Security numbers, bank account information, etc.

In both cases, the best defense is a strong attack:

  • Train your employees to never click on links or attachments.
  • Train employees to never give out login credentials or personally identifying information in response to an email.
  • Have employees refer suspicious requests for personal information to IT or HR.
  • Make sure that the login credentials used for payroll purposes are different from those used for other purposes, such as employee surveys.

That brings this year to a close. Have a great and safe New Year!

And, as always, if you are the victim of this or any other online scam, you should report the incident to the FBI Internet Crime Complaints Center at www.ic3.gov or call your local FBI office.


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How to close an SBI credit card https://howtooccupy.org/how-to-close-an-sbi-credit-card/ Mon, 27 Dec 2021 04:23:00 +0000 https://howtooccupy.org/how-to-close-an-sbi-credit-card/ If you are not planning on using your credit card, it is best to close. This is because you will have to pay fees such as annual fees and renewal fees. The annual fee is paid once, and the renewal fee is paid annually. These fees may differ from cardholder to cardholder depending on the […]]]>
If you are not planning on using your credit card, it is best to close. This is because you will have to pay fees such as annual fees and renewal fees. The annual fee is paid once, and the renewal fee is paid annually. These fees may differ from cardholder to cardholder depending on the type of credit card they have.

An SBI cardholder can close their credit card by writing an email, calling customer service, and going to a branch with a written request.

Follow these steps to close your SBI credit card.

According to the SBI Card website, “You can close your credit card account by writing or calling the SBI Card Help Line.” After submitting your account closure request, you must cut your credit card (s) diagonally. Your request will automatically lead to the termination of expansion cards. ”

Negative reward points balance

If a Cardholder’s Reward Points balance is negative at the time of voluntary closure, the equal value of those negative Reward Points will automatically convert to statement debit and must be paid by the Cardholder along with any other contribution. Once all outstanding balances on the card account have been paid, the account will be terminated.

There will be no pro-rated refund for annual, membership or renewal fees.

Here is an example of how it will work, according to the SBI Card website: Negative reward point balance at time of voluntary shutdown: -1000. The negative balance of -1000 reward points would be automatically converted into a debit of Rs 250 upon voluntary closure, i.e. 1000 negative reward points X Rs 0.25 per reward point (this conversion value may vary for different card variants). This amount will be debited from the Cardholder’s account and must be paid with any other contribution by the Cardholder, in accordance with the SBI Card FAQ section.

To note

  • Before closing a credit card, make sure you pay all of your credit card charges. To find out your outstanding balance, send an SMS BAL XXXX to 5676791 from your registered mobile number, where XXXX is the last four digits of your SBI card number.
  • Cardholders can claim any unclaimed reward points before requesting closure
  • Disable if automatic bill payment is enabled even after closing.
  • Keep the latest statement handy
  • In most cases, closing a credit card account means lowering your credit limit. As a result, your use of credit increases, resulting in a drop in your credit score.

“If the return amount is one rupee or more, you can request a refund of the credit balance. The refund of the credit balance will be credited to the savings account within 7 working days. If the primary cardholder is any of the account holders, a refund can be processed to a joint account, ”the SBI card website said.


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These 5 cash transactions may attract the attention of IT. Details here https://howtooccupy.org/these-5-cash-transactions-may-attract-the-attention-of-it-details-here/ Sat, 25 Dec 2021 03:33:52 +0000 https://howtooccupy.org/these-5-cash-transactions-may-attract-the-attention-of-it-details-here/ The income tax department has become very vigilant against cash transactions these days. In recent years, the Income Tax Department and various investment platforms such as banks, mutual fund companies, broker platforms, etc. have tightened the rules for cash transactions for the general public. Now, these investment and credit institutions only allow cash transactions to […]]]>

The income tax department has become very vigilant against cash transactions these days. In recent years, the Income Tax Department and various investment platforms such as banks, mutual fund companies, broker platforms, etc. have tightened the rules for cash transactions for the general public. Now, these investment and credit institutions only allow cash transactions to a certain limit. In the event of a minor violation, the Income Tax Department may notify the offender.

Advise taxpayers to report high value cash transactions on their income tax return (RTI); Amit Gupta, MD at SAG Infotech, said, “If an individual conducts high value cash transactions, chances are he or she will receive a notice from the income tax department. The various transactions related to cash include banks, mutual fund companies, brokerage houses, and property registrars. Large value transactions should always be reported to the income tax department if the value exceeds a particular threshold. The Income Tax Department has made agreements with several government agencies to obtain the financial records of people who engage in high value transactions, but do not report them on their tax returns.

Among the top 5 cash transactions that can result in an income tax notice, the managing director of the registered income tax solution provider company SEBI listed the following:

1]Bank term deposit (FD): Cash deposits in FD bank should not exceed ??10 lakh. The Central Commission on Direct Taxes (CBDT) has announced that banks must disclose whether individual deposits exceed the prescribed limit in one or more term deposits.

2]Deposits on bank savings account: The limit for depositing cash into a bank account is ??10 lakh. If the holder of a savings account deposits more than ??10 lakh in a fiscal year, the income tax department may serve an income tax notice. Meanwhile, cash deposits and withdrawals from a bank account cross ??The limit of 10 lakh in a financial year must be disclosed to the tax authorities. In current accounts, the limit is ??50 lakh.

3]Bill payment by credit card: According to the CBDT standards, the payment of ??1 lakh or more in cash against credit card bills should be reported to the income tax department. In addition, if the payment of ??10 lakh or more is paid in a fiscal year to settle credit card bills, payment must be disclosed to the tax department.

“Any large transaction should be disclosed when filing the RTI. If you are using credit cards for high value transactions, be sure to disclose them on Form 26AS when filing your RTI to avoid receiving a notice. ‘income tax,’ said Amit Gupta.

4]Sale or purchase of real estate: The registrar of buildings must disclose any investment or sale of a building for an amount of ??30 lakh or more to the tax authorities. So, when making any purchase or sale of real estate, taxpayers are advised to report their transaction in cash on Form 26AS, as the property registrar would certainly report it.

5]Investment in stocks, mutual funds, bonds and bonds: Investors who invest in mutual funds, stocks, bonds or debentures should ensure that their cash transaction in such investments does not exceed ??10 lakh in one exercise. The Income Tax Department created an Annual Financial Transactions Information Return (AIR) to track high value cash transactions of taxpayers. Tax officials will collect on this basis details of unusual high value transactions during a particular fiscal year.

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