Category Archives: credit problem

Charity Scams

Hopefully this information is not arriving too late. It is a warning to avoid charity scams in the aftermath of Hurricane Harvey that destroyed many parts of Texas.

  1. DO NOT give your credit card number to anyone that calls you on behalf of a charity.
  2. DO NOT donate to any charity that calls you on the telephone. Do not mail checks, do not send gift cards, do not send money orders.
  3. Beware of names that sound good, like Churches for Harvey Disaster. These are often scammers taking advantage of you.
  4. If you give to the Red Cross, mark your donation to be specific to Hurricane Harvey. The Red Cross has been widely criticized for how it handled donations for Superstorm Sandy in 2013. It had not spent more than a third of the money it raised seven months after Superstorm Sandy.
  5. For the relief effort after the earthquake in Haiti in 2010 one half billion dollars was raised by the Red Cross and they say they provided homes to more than 130,000 people, but the only six permanent homes have been built five years later. The Red Cross has not been transparent in how it spends its disaster relief money, and much of it goes to overhead and not to the victims.
  6. Over 20 years ago I wrote about the problem of charities that have sound alike names and are total scams. Examples are:
    • American Institute for Cancer Research (sounds like the American Cancer Society)
    • United Children’s Fund
    • A Child’s Wish (sounds like the Make A Wish Foundation)
    • Center for Advanced Heart Research.
  7. You can confirm the integrity and efficiency of charities you might consider by going to www.CharityNavigator.org

Do not let scammers pull on your heart strings and donate to those who line their pockets with money that needs to go to those who are truly desperate.

I hope you had a wonderful Labor Day holiday.

Sincerely,

Rennie

Hot Body or Hot Credit Score

This is a welcome trend to me: Surveys conducted with singles on dating sites like Tinder, Match.com and OKCupid showed that 58% felt that a physically fit credit score was more important than a physically fit body.

While this is usually not brought up during the dating process, it might be a good idea at some point during the first five dates to discuss credit scores. You could pull it up it on your phone, show your date and say, “Here is my credit score. Show me yours.” Maybe not in those words, but you get my drift. You are not asking your date to tell you how much money they earn, but request they show you how well they handle what they do earn.

Over twenty years ago the first book from my publishing company was Couples and Money by Dr. Victoria F. Collins. She started as a psychologist and then became the partner of a money management firm in Newport Beach, CA. While another 79 more books followed, I followed the theme of helping people in buying real estate, getting out of debt, investing and similar topics.

The point is that more than 50% of couples divorce over money issues. So it makes sense to get started on the right financial footing.

Here are some more survey results:
69% of respondents said that credit history was very or extremely important
Only 67% said a sense of humor was an attractive feature

There was a difference between how men versus women answered, which is not surprising to me. 61% of men said financial sense was a top priority in finding a soul mate, but 77% of women had it as a top priority.

And according to a study by Bankrate.com, 42% of respondents said that someone’s credit will determine if they will pursue dating them. So it makes sense to get this information up front, unless of course you have something to hide.

Sincerely,
Rennie

Bad Address Creates Credit Score Problem

In a recent Los Angeles Times column (Sunday, February 15, 2015) someone wrote into Liz Weston about how she applied for a store credit card six months earlier, and apparently the creditor input the wrong address from her application.

When she called the store to make her first payment, she was told she needed to wait until her card arrived and had her account number before she could make a payment. But due to the wrong address the card and later statements never showed up and it was referred to collection.

She wanted to know what grounds she had to dispute this.   Continue reading Bad Address Creates Credit Score Problem