November 18, 2007 |
If you're renting a car over the holidays, chances are a clerk at the counter will try to sell you some pricey insurance options. Should you fork out the extra cash? Probably not, experts say. That's because there's a very good chance the auto insurance policy you already have would kick in if you had an accident while driving a rental. And sometimes the credit card you use to rent the car offers coverage too.
December 24, 2013
Re "U.S. a laggard in adopting more secure credit card technology," Business, Dec. 21 How did Americans wind up being the international low-hanging fruit for credit card information thieves? The Times ably explains this situation in this article. However, in the aftermath of Target's massive data breach, I'm left wondering how a country that is such a leader in technological research can fall down so badly in implementing off-the-shelf preventive measures. John Pierson Pasadena ALSO: Letters: A Snowden pardon?
September 4, 2013 |
The Federal Housing Administration wants to make it easier for people who have defaulted on their mortgages to get a new home loan with FHA backing. But there's a catch. To qualify for the break, borrowers must show that their foreclosure or bankruptcy was caused by external economic factors, reducing their income by 20% or more for six months. And no, you can't have quit your job or have been fired for cause. Those who can demonstrate such a pay cut, job loss or decline in business income now must spend only one year making timely rent and credit-card payments before they can apply to buy a home with an FHA-insured loan, a recent FHA bulletin explained.
CALIFORNIA | LOCAL
January 2, 1998
Credit cards: Weapons of mass consumption. MARK A. BROWN Tustin
November 13, 2011 |
Affinity credit cards — that is, a card tied to a certain organization — are a big moneymaker for the airlines, and even if you don't really need another credit card, you'll see some enticing sign-up offers designed to lure new customers. When choosing a card, look at the bonuses being offered, consider how often you fly on the airline and consider the other businesses or carriers with which the airline is affiliated. Note that many cards waive the annual fee for the first year, and spending with an affinity card is an easy way to keep your miles active.
December 20, 2013 |
More bad news for folks who used their credit cards at Target during the holiday shopping season. Many of the 40 million credit cards that the company says were part of the data breach are already for sale on black markets around the world. That report comes from KrebsonSecurity , the website run by cyber-security reporter Brian Krebs, who initially broke the story about the Target breach. On Friday, Krebs posted another story detailing how he had tracked down phony cards made using information that was stolen as part of the Target data breach: STORY: Target data theft fuels new worries on cybersecurity " Credit and debit card accounts stolen in a recent data breach at retail giant Target have been flooding underground black markets in recent weeks, selling in batches of one million cards and going for anywhere from $20 to more than $100 per card, KrebsOnSecurity has learned.