July 30, 2012 |
In one year of owning K Street Café and Bagel, Eun Hopkins has gone through four different credit card processors. When she first took over the Washington, D.C. business, the previous owner left her a machine from Mercury Payment Systems – since then, Hopkins has tried Axiom Card Services, Merchant Financial Services, and finally Bank of America. Every few months, representatives from card processing companies drop in or call Hopkins to coax her to use their payment service, she...
July 22, 2011 |
What happens if a person passes away and no one files probate because the estate has no assets? Do any relatives become liable for taxes owed by the person who died? Would the relatives have to pay off the debts to the deceased person's creditors? When a person dies, a probate court distributes his or her assets, including paying outstanding debts. Although not all assets go through probate, the ones that do are distributed in accordance with the wishes expressed in the deceased's will.
February 15, 2012
Google recently announced that it has fixed a security flaw in its Google Wallet prepaid card. As The Verge reports : Google has updated its blog post about the Google Wallet prepaid card security hole, letting us know that it has re-activated provisioning and also put out a fix for the original problem. Last week it was discovered that Google Wallet had a serious security issue that affected all users, in which anybody could clear the app data from Google Wallet, re-open it, and gain access to...
February 4, 2012 |
What would you do if you received a court summons indicating that you were being sued for thousands of dollars in debt on a credit card you had no recollection ever applying for or using? Many people would ignore the court notice. And many of those people would probably end up with a default judgment and be forced to pay the debt, some by having wages garnisheed or money snatched from their bank accounts. In 2010, a unit of Asset Acceptance Capital, one of the nation's largest buyers of consumer debt, sued Tim Bond to...
March 13, 2008 |
Every day, average American families' financial health is challenged on all fronts: fewer job opportunities, declining home values, and rising prices for necessities like health care, education and child care. With the prospect that gas could approach $4 per gallon this summer, many Americans' budgets will reach a breaking point. Too many families are only a layoff or medical emergency away from financial ruin. In the face of these financial challenges, credit cards offer a convenient pressure valve for cash-strapped families.
September 25, 2012 |
With the Republican and Democratic conventions behind us and debate season fast approaching, it's clear by now that both the economy at large and the strength of the nation's small business community are going to be prominent topics in this year's presidential narrative all the way through election day. So it seems as good a time as any to check the state of the U.S. credit card landscape. Credit card trends not only allow us to gauge the country's progress on the road...