Q&A: Home Equity Lines of Credit

Dear Liz: We have taken several withdrawals from our home equity line of credit. Now the balance is close to $100,000. It's the interest-only type. We don't know how to pay off this amount systematically. Can you help?

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Medical ID Theft: What Do You Need to Know?

Medical identity theft is a fast growing type of identity theft. It is the use of your name and/or your health insurance information, including your social security number and address, to steal medical services. The thieves use the information to see doctors, get prescriptions, file insurance claims, get medical devices or equipment and many other services. And many are savvy enough to avoid raising red flags with service providers.

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What If? Planning Documents You Need to Manage Life’s Events

Life happens—and it can be unpredictable. Planning ahead, however, can help you and your family cope with the unexpected and manage the expected. Every adult, from young to older, should make the effort to plan. Having the following documents in order can ensure that your wishes are carried out and help avoid family confusion or conflict.

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Should You Be Worried About Ransomware?

Recently, there has been an increase in businesses and individuals reporting that they have been affected by ransomware. Ransomware is malicious software (malware) that prevents access, usually by encryption, to some or all of the files on computer hard drives. The software then informs the user that the only way to regain access to the files is to pay a ransom. The ransom must be paid using some type of digital currency such as bitcoins. Ransomware can end up on your computer through phishing emails, infected attachments, or infected websites.

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Q&A: Building Credit

Dear Liz: I don't have a credit score. I have one item on my credit report that's a court judgment. What can I do to get a score? If I pay the balance due for the judgment, would it be removed?

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A Zero Percent Credit Card Trick!

Let's talk about credit cards. More specifically, let's talk about credit cards that offer you a 0% interest rate!

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Is Your Subprime Card Hurting You?

Most people who have experienced bad credit can agree that the following information often indicates that there is light at the end of the tunnel.

You're Pre-Approved.

These words often mean that a lender is open to taking a risk on you. Not to downplay the importance of increased piece of mind, reduced stress levels, and the ability to actually allocate money in growth vehicles of your choosing, but one of the many joys of improving your finances is becoming wanted again.

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Working to Pay Down Debt? Avoid Debt Relief Scams and Bad "Services"

Millions of Americans owe thousands of dollars on credit cards, student loans, medical bills and other unsecured loans or bills. Many are struggling every month to make minimum payments on what they owe. Even people who are managing their payments would love to pay less. Such circumstances make consumers with debt easy targets for debt relief and debt consolidation scams and schemes.

Protect yourself against signing up for phony or ineffective debt relief or consolidation schemes that may cost you more money and increase your debt, may open you up to identity theft, and generally dump you in financial "hot water." Know these major red flags used by entities pushing their services!

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Protecting Your Privacy with the Internet of Things

What do thermostats, activity trackers, light bulbs, light switches, refrigerators, coffee makers, baby monitors, televisions, door locks, security camera and many other devices have in common? They have a version that can connect to the Internet and can be controlled through an app. The term Internet of Things (IoT) describes the capability of everyday devices to connect to other devices and to people through the Internet. While this brings convenience, it also brings concerns about protecting your personal information.

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Q&A: Big Gifts

Dear Liz: My brother-in-law won a good chunk of money playing the lottery. He is waiting for the check to come any day now. He is willing to give me $2 million. The question for you is how I can maximize that amount of money short term or long term?

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Payroll (Debit) Cards: Getting Your Paycheck Deposited on a (Debit) Card

Have you ever heard of payroll cards? Payroll cards are a lot like debit cards—you can use them to pay for items in shops or online, or to withdraw money from your account.

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Renting a Car on Vacation? What Insurance Do You Need?

Many people enjoy "destination" vacations where they fly to the location then rent a car for local transportation. When you rent a vehicle, it’s important to have the right insurance coverage for the rental. Should you take the coverage offered by the rental company? Or will coverage provided by your personal auto insurance policy and the credit card used to rent the car be adequate?

Finding the best insurance coverage for the vehicle you rent depends on the answers to several important questions. In most cases, the coverage provided by your personal auto insurance policy and credit card will be both excellent and least expensive. But in other cases, the coverage provided by the rental agency may be your best choice, even though it may cost more.

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What Should You Look For in a Privacy Policy?

When was the last time you looked at a website's privacy policy? Typically, most people don't look at privacy policies unless forced. Some sites, when they've updated their privacy policy, don't allow users to view the site until they indicate they have seen the policy. While reviewing privacy policies can be time consuming, it's important to do so to protect the information that is important to you.

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The Selfie Saga: Selfie ID

With people taking selfies, people posting selfies, and selfie sticks, selfies are undoubtedly everywhere you look. Selfies are so present in our lives that in 2014 the word "selfie" was integrated in the Oxford (Online) Dictionary. We would go so far to say that every smartphone user has probably taken a selfie at some point. They are here to stay, whether we like it or not.

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Subcategories

  • Gen Y with Will
    Article Count:
    109
  • Drew's News
    Article Count:
    80
  • Remar's Report
    Article Count:
    133
    • Financial Well-being


      Want to improve your credit score? Want to cut your tax bills?  Like to tear up hundred dollar bills? (You're probably doing that). How about this:  want to wake up retired and without money?  Your Financial Well-being rules your life.  We put you in charge of the rules.

       

      Article Count:
      35
    • Privacy Rights

      Every worry about identity theft?  Worry about young people and the dangers of the web? Mind if I read your private emails?  Or browse through your medical records? This section takes you into the scary world of privacy, fraud and identity theft.  FoolProof gives you the information you need when it comes to identity theft and privacy issues.   

      Article Count:
      16
  • Financial
    jnf
    Article Count:
    1
  • Ask Liz Weston
    Article Count:
    56
  • FoolProof Team
    Article Count:
    9

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