Can You Hear Me?

April 5th, 2017 (No Comments)

Beware of receiving phone calls where the other person says “Can you hear me?” Scammers can record you when you say “Yes.” Then the scammers will use the recorded Yes to put through charges on credit cards or do bank account withdrawals. You may even see a local area code, which makes you want to […]

Illegal Robocalls

March 24th, 2017 (No Comments)

In January of 2017, the Federal Trade Commission cracked down on two massive robocall operations. How does the law apply to robocalls? If the telemarketer does not have a consumer’s written permission, it is illegal to make those calls. One robocall operation was trying to sell home security systems. In the other robocall operation, they […]

Income Driven Repayment and Federal Student Loans

March 17th, 2017 (No Comments)

Known as IDR’s, Income Driven Repayment plans are available for federal student loans. Payments on the student loans are based on income and family size, and are not based on the amount of the loan. If you are unemployed or have low wages, your payments could be as low as zero dollars per month. Some […]

Reading Your Credit Report

March 10th, 2017 (No Comments)

Your credit report will have your information listed in the following way: 1) Identifying information about you – name, social security number, previous addresses 2) Trade lines – mortgages, credit cards, car payments 3) Credit inquiries 4) Court information (bankruptcy, foreclosure, judgments) and collections accounts 5) Closed accounts, paid accounts and negative accounts

Store Credit Cards

March 2nd, 2017 (No Comments)

According to a December 2016 report by, retail credit cards (store credit cards) have higher interest rates and skimpier sign-up offers. The average APR on store credit cards has risen to 23.84 percent. Half of store credit cards have an APR of over 25 percent. But regular credit cards have an average APR of […]

Credit Card Debt

February 22nd, 2017 (No Comments)

The average credit card debt in the US for 2016 was $5,700. The average credit card debt in Indiana for 2016 was $5,288. 38.1% of all households carry some sort of credit card debt. Households with the lowest net worth (zero or negative) hold an average of $10,308 in credit card debt. Average credit card […]

Vantage Score®

February 13th, 2017 (No Comments)

VantageScore® has gained popularity as a developer of credit scores. Their model is able to be consistent through all 3 credit bureaus (Equifax, Experian and TransUnion). They do not lower their credit standards. More than 8 billion credit scores were used with this company in a one-year period. The 3 credit bureaus are the only […]


February 8th, 2017 (No Comments)

Paternity is the legal relationship between a father and child. There are various ways to establish paternity, including a paternity affidavit or court order. Paternity can also be presumed if the child was born during the marriage. See IC 31-14 for laws on establishing paternity in Indiana.

Costly Overdraft Protection

January 23rd, 2017 (No Comments)

In January of 2017, the Consumer Financial Protection Bureau sued TCF National Bank for tricking consumers into getting expensive overdraft protection. Banks are not allowed to charge you overdraft fees on ATM transactions and one-time debit card transactions unless they get your consent first. The lawsuit states that TCF was violating the Electronic Funds Transfer […]

Fraudulent Credit Card Charges

January 13th, 2017 (No Comments)

According to TransUnion, there are certain things thieves will do with your stolen credit card information: 1) buy gift cards, 2) pay for online services, and 3) pay for video game credits. They also create counterfeit cards and buy jewelry, electronics and other high-priced items. To relax after their fraudulent activities, they like to charge […]

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