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Consumer Fraud Forum Blog

Amex To Increase Late Fees In January

POSTED: William PinilisNovember 29, 2016 at 11:15 AM / Credit Cards

If you’ve got an American Express credit card in your wallet, you should take note of this:  Amex is raising its late payment fee in January.

Video: Understanding Credit Card Agreements

POSTED: William PinilisNovember 18, 2016 at 11:35 AM / Credit Cards, Consumer Tips

When opening up a new credit card, many consumers say they don't bother reading the fine print. In fact, according to CreditCards.com only 26% of consumers say they regularly read their credit card contracts.

The reasons why consumers don't read the agreements are varied, but most people cite two major...

CFPB Issues New Protections For Prepaid Credit Card Users

POSTED: William PinilisNovember 1, 2016 at 11:35 AM / Consumer News, Consumer Protection, Credit Cards

The prepaid credit card business is booming. A Pew Charitable Trust study estimates that 23 million American adults currently use the cards and volume has increased from $20 billion in 2003 to over $300 billion last year.

Should You Open a Store Credit Card Account?

POSTED: William PinilisOctober 24, 2016 at 11:15 AM / Credit Score, Credit Cards

You’d be hard pressed to go shopping and not be offered one: a store credit card.  Outlets from Home Depot to Best Buy to Target to the Gap all have them and will offer them to consumers every time they make a purchase.

How Payment History Affects Your Credit Score

POSTED: William PinilisOctober 11, 2016 at 11:46 AM / Credit Score, Credit Cards

If you don't fully understand what affects your credit score, you're not alone. According to a survey by Nerd Wallet earlier this year, it's clear that most Americans are pretty clueless when it comes to the basics about credit scores and credit cards. 

Prevent Credit Card Fraud By Looking Out For ATM Skimmers

POSTED: William PinilisAugust 17, 2016 at 12:30 PM / Consumer Protection, Credit Card Fraud, Credit Cards

Yesterday, we told you about a major increase in scams involving the use of ATM skimmers. Criminals install the devices into ATMs, gas pumps and other point-of-sale devices to steal credit and debit card information from unsuspecting customers.

Video: Watch Out for ATM Skimmer Scams

POSTED: William PinilisAugust 16, 2016 at 12:03 PM / Credit Card Fraud, Credit Cards, Consumer Tips

Fraudsters have made off with an estimated 3 billion dollars worldwide with the help of credit card skimmers – devices fitted over ATMs, gas pumps and other card readers that steal important information from credit and debit cards. 

New Tool Helps You Find the Best Cash Back Rewards Credit Card

POSTED: William PinilisAugust 5, 2016 at 11:59 AM / Consumer News, Credit Cards

Credit card companies are constantly coming up with new perks and rewards in an effort to win customers over.  And with so many cards offering points, miles and other benefits, people may have difficulty picking the best card for them.

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