Secured Credit Card Marketing Scams

NYONE CAN QUALIFY FOR A MAJOR CREDIT CARD! Separated? Divorced? Bankrupt? Widowed? BAD CREDIT? NO CREDIT? NO PROBLEM!  Ads like this may appeal to you if you have a poor credit history or no credit at all. Beware: while secured credit cards can be an effective way to build or re-establish your credit history, some marketers of secured cards make deceptive advertising claims to entice you to respond to their ads...

Answers About Credit Card Disputes

Select from the following questions about credit card disputes, billing errors, and other credit dispute questions...

Tax Issues with Credit Card Settlements

Be careful if you settle any credit card debts before filing bankruptcy because you may convert a debt that is dischargeable in bankruptcy into a non-dischargeable debt. Generally, a creditor is required to issue IRS Form 1099-C to a debtor for any debts forgiven greater than $600.  What does this mean in bankruptcy? Settling a debt before filing for bankruptcy potentially transmutates a dischargeable unsecured debt into a non-dischargeable tax debt. Credit card debt is generally unsecured and is dischargeable in bankruptcy.

Cómo Saldar sus Tarjetas de Crédito

Si usted ha llegado al límite de gasto con sus tarjetas de crédito y sus deudas lo están hundiendo cada vez más, es bastante probable que se sienta agobiado. ¿Cómo va a hacer para terminar de pagar su deuda? Ahora bien, imagínese que se entera que hay una compañía que le promete borrar su deuda pagando pocos centavos por cada dólar que debe. ¿Cierto que parece ser la respuesta a sus problemas?

Settling Your Credit Card Debts

If you’ve maxed out your credit cards and you’re getting deeper and deeper in debt, chances are you’re feeling overwhelmed. How are you ever going to pay it down? Now imagine hearing about a company that promises to erase your debt for pennies on the dollar. Sounds like the answer to your problems, right? The Federal Trade Commission (FTC), the nation’s consumer protection agency, says slow down, and consider all the steps that can get you out of the red without spending a whole lot of green.
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Cómo Evitar el Fraude de Tarjetas de Crédito y Cargo

El fraude de tarjetas de crédito y tarjetas de cargo le cuesta a los titulares y emisores de las tarjetas cientos de millones de dólares por año. Si bien el robo es la forma más obvia de fraude, éste puede ocurrir de otras maneras. Por ejemplo, alguien puede utilizar el número de su tarjeta sin su conocimiento.

Avoiding Credit and Charge Card Fraud

Credit and charge card fraud costs cardholders and issuers hundreds of millions of dollars each year. While theft is the most obvious form of fraud, it can occur in other ways. For example, someone may use your card number without your knowledge. It’s not always possible to prevent credit or charge card fraud from happening. But there are a few steps you can take to make it more difficult for a crook to capture your card or card numbers and minimize the possibility...

Credit Card Repayment Calculator

Welcome to the Federal Reserve’s Credit Card Repayment Calculator. Based on the information you provide, the calculator will give you an estimate of how long it will take you to pay off your credit card balance. The calculator assumes...

Credit Card Consumer Guide

As a consumer, it pays to be smart when choosing and using a credit card. This site--maintained by the Federal Reserve Board, whose goal is to protect the credit rights of consumers--provides a basic guide to navigating the credit card process. Stay tuned during the coming months as we add additional features and information...