CREDIT CARD INTEREST RATES

Hundreds 12.00%

Prime Rate L.I.B.O.R.
10.00% 8.00% 6.00% 4.00% 2.00%

Oct Sep 2006 2007 2007

Promo vs. Standard A.P.R.

A.P.R.
30.0% 28.0% 26.0% 24.0% 22.0% 20.0% 18.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0%

Promo

Standard

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4 tricks of a scam
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Top 9 Credit Card Warning Sign's

2 Ways Debt Collection Lawsuits Differ

it ed r! exposed C rs to da re P Look at A Shocking
Predatory Lending

“I want to open a savings account with $100”

Cool! $100 for you = $900 for me!! Sucka!

$10

0

“can I borrow $10,000 please?”

Sure! We can loan you $10,000 and pretend it’s $90,000

.com

!!
For Sale: Only $10,000!

$

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V
The Debt Warriors!

V

“The Count Of Debt”

The Debt Warriors!

Twenty percent of African Americans and 18 percent of Hispanics are estimated to have been victims, while the Hispanic whites was 12 percent. In addition, the survey found that younger consumers, those who did not comp those with high levels of debt were more likely to be victims of fraud. Consumers between 65 and 74 years of ag percent less likely to report having experienced fraud than those between 35 and 44. The top 10 frauds listed in the report include: Fraudulent Weight-Loss Products (4.8 million victims) Foreign Lottery Scams (3.2 million victims) Unauthorized Billing - Buyers Clubs (3.2 million victims) Prize Promotions (2.7 million victims) Work-at-Home Programs (2.4 million victims) Credit Card Insurance (2.1 million victims) Unauthorized Billing - Internet Services (1.8 million victims) Advance-Fee Loans (1.7 million victims) Credit Repair Scams (1.2 million victims) Business Opportunities (.8 million victims) Consumers also reported falling victim to other specific scams, including pyramid schemes. Print advertising – direct mail, including catalogs, newspaper and magazine advertising, and posters and flyers pitch fraudulent offers in 27 percent of reported incidents. The Internet, including Web sites, auction sites, and e to make 22 percent of the fraudulent pitches. Television or radio accounted for 21 percent of the pitches, and te accounted for nine percent. The FTC offers these tips for consumers: Know who you’re dealing with: Do business only with companies that plainly provide their name, street address, number. Protect your personal information: Share credit card and other personal information only with companies you kn never share it in email, regardless who is asking for it. Take your time: Resist the urge to act now. Most any offer that’s good today will be good tomorrow, too. Read the small print: Get all promises in writing and read all paperwork before paying any money or signing any Free means free: Throw out any offer that says you have to pay to get a gift or for something that’s called “free. free or a gift, you shouldn’t have to pay for it. Report fraud: If you think you’ve been a victim of fraud, report it. It’s one way to get even with a scam artist who

Know who you’re dealing With Know Who You’re Dealing with:
Do business only with companies that clearly provide their: • Name • Street Address and • Phone Number

Know who you’re dealing with: Protect your personal information:
Share credit card and other Personal information only with Companies you know and trust; never share it in email, regardless who is asking for it.

Know whoTake your dealing with: you’re time:
Resist the urge to act now. Most any offer that’s good today will be good tomorrow, too.

Know who you’re dealing with: Read the small print:
Get all promises in writing and read all paperwork before paying any money or signing any contracts

Know who you’re dealing with: Free means free:
Throw out any offer that says you have to pay to get a gift or for something that’s called “free.” If something is free or a gift, you shouldn’t have to pay for it.

Know who you’re dealing with: Report fraud:
If you think you’ve been a victim of fraud, report it. It’s one way to get even with a scam artist who cheated you. Complain online at ftc.gov or by phone at 1-877-FTC HELP.

Top 10 frauds
[1- 5]
1. Fraudulent Weight-Loss Products (4.8 million victims) 2. Foreign Lottery Scams (3.2 million victims) 3. Unauthorized Billing - Buyers Clubs (3.2 million victims) 4. Prize Promotions (2.7 million victims) 5. Work-at-Home Programs (2.4 million victims)

Top 10 frauds
[6- 10]
6. Credit Card Insurance (2.1 million victims) 7. Unauthorized Billing - Internet Services (1.8 million victims) 8. Advance-Fee Loans (1.7 million victims) 9. Credit Repair Scams (1.2 million victims)

10. Business Opportunities (.8 million victims)

A CREDIT FREEZE CAN COOL OFF “A IDENTITY THEFT security [credit] freeze means that your credit file cannot be shared with
potential creditors. A security freeze can help prevent identity theft.”

• • • • • • •

Seven Steps To Combat Bank Fraud Never share your password. Never click on an e-mail that is supposed to be from a bank advising you to update your antivirus software. Browse the bank’s notification system on regular basis so that no one can see the activities of your account. Type in the full URL or web address when you are doing business on-line. Avoid internet banking in wireless environments like coffee shops. Never access Online Banking through an email link. Instead, type the web address directly into the browser address bar. When in doubt, call your bank.

Most new browsers such as Firefox 2, Opera and Internet Explorer 7 (all latest versions) which include phishing shields and have

SCARY CREDIT Scary rewards CARDS
card Im N. 09/?? MEMBER SINCE: Debt FOREVER

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EXPIRES

Scary Card

• • • • •

Primary Cards American Express Credit Unions Discover Master Card Visa

Don’t be tricked into staying in a Secondary Credit Card. The rates, fees and customer service are enough to give you nightmares.

Primary Cards are a treat because they offer good service and great lending experiences. Primary Cards often have lower interest rates.

Secondary Cards • All Store Cards • All Bank Cards • High Interest Cards

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