Beware of rising interest rates on your credit cards
The 2009 Credit Card Act restricted lenders from abruptly repricing your credit card accounts based on factors such as late payments. However the Card Act does not require lenders to notify you if your interest rate is going to increase because of an increase in the prime rate. It only requires advance notice if the card company is increasing the margin (percentage points) that gets tacked onto the prime rate. So for example if the prime rate is 1% and the margin they can tack on is 9% then your interest rate would be 10%. If the prime rate rises to 3%, the card company does not have to tell you that your interest rate will go from 10% to 13% as long as the increase in points that they charge has not changed.
Has your identity been stolen or has your data been breached?
Freeze your credit report for free:
• TransUnion: Visit TransUnion.com/credit-freeze. The company also has a free-freeze mobile app called myTransUnion, available at the Google Play Store and the Apple App Store.
• Equifax: Visit https://www.Equifax.com/personal/credit-report-services/. Or call its automated line at 800-685-1111.
• Experian: Visit www.Experian.com/freeze. Or call 1-888-EXPERIAN (1-888-397-3742).
You should also freeze your report at National Consumer Telecom & Utilities Exchange (1-866-343-2821). This is the credit-reporting firm that telecom companies (cellphone, cable, etc.) and utilities (gas, electric, etc.) use to check your creditworthiness when you want to open an account. The difference between it and the big three bureaus is that it does not include your credit score.
Student Loans? If you have, are considering obtaining, or are being asked to co-sign for someone else's student loan, STOP! Attend one of our Know Before You Owe-Student Loan events. It could save you $000s!
Use the credit report review checklist found at the following website each time you pull your credit report - which should be at least once a year using www.annualcreditreport.com, https://s3.amazonaws.com/files.consumerfinance.gov/f/documents/201701_cfpb_Credit-report-review-checklist.pdf.
SingleCare Services offers a DISCOUNT program for prescriptions, dental, vision and some doctor by video consultations. If you do not have prescription drug insurance or insurance that covers dental and vision, this program is worth considering. Go to http://www.singlecare.com for more information. Note: This is NOT an insurance plan.
Coupons and cash back for online purchases at selected retailers https://www.couponcabin.com
Long term care checklist (Make sure you consider Long Term Care Partnership Policies. For information go to http://www.aaltci.org/long-term-care-insurance/learning-center/long-term-care-insurance-partnership-plans.php)
Making the decision to rent or buy https://www.consumerfinance.gov/about-us/blog/making-decision-rent-or-buy/?utm_source=newsletter&utm_medium=email&utm_campaign=2017Homebuyers&utm_term=20170621
Know Before You Owe - Home Ownership http://www.consumerfinance.gov/owning-a-home/resources/monthly_payment_worksheet.pdf
Protecting Your Digital Assets: /Digital Estate Planning Guide http://www.consumer-action.org/downloads/english/spring_2015_digital_estate_planning.pdf