Saturday, January 26, 2008

Your Credit Rights

Unfortunately the Credit industry is quite confusing. As a result of confusing credit issues many people's homes are being foreclosed and has likely been the catalyst of the economic woes we are encountering here in the US. It of course does not there. Credit card companies add to the confusion by adding pages of legal fine print to their deals making those great deals not so great.

Many people don't read the fine print and others miss the fine details when making credit transactions. Seriously when was the last time you looked at the receipt that the waiter or waitress hands you afer you pay your restaraunt bill or after making any other purchase. This is something that I do pride myself in. I watch and read these things, particularly in restaraunts.

I hate to say it, but identity theft is a problem. Your Social Security Number and credit card numbers are a thief's prey. If you are not careful and pay attention it could get into the wrong person's hand and the local sit-down restaraunt could be a thief's jackpot.

Fortunately consumers are protected. Did you know that as of December of 2006 no restaraunt can put more than 4 digits of your credit card on a bill? I came across this after viewing this story on the Right leaning newspaper, the Pittsburgh Tribune Review. Click here to see the full story and please do not say bad things about Mad Mex. It is a great place, with great food and beer. The best part is that all food is half off after 11:00 PM (at least it was when I was in college).

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