Credit Scores, Credit Cards, The Silver Lake Editors, Silver Lake Publishing, 2005
It's no great revelation to say that America has become a credit economy. Credit can bring an upper-class
lifestyle to the middle class, and it can be the instrument of a person's financial downfall.
There are many ways to measure a person's financial condition, but the benchmark is a FICO (Fair, Isaac and Co.) score. Those with a higher score can expect lower interest rates. However, those with a lower FICO score should plan on much higher interest rates, leading to higher bills each month, making their financial hole deeper and deeper. It will take months, even years, of diligent effort to raise your FICO score, but it is possible, and a really good idea.
Get rid of all but one or two cards. After you pay off one card, cancel it and destroy it. Read your credit card bill, not just the amount owed. Call your credit card issuer, and ask about a payment plan or lower interest rate. Get a free copy of your credit report from one of the major credit agencies, and read it. If there are any errors on the report (there is a good chance that there are errors), start writing and calling the appropriate persons. Document everything, and expect it to take lots of time.
For those with bad money problems, start with two simple steps. Make a budget and stick with it, and pay down your debts (even a small payment is better than no payment). Be very wary of the companies that promise to get you out of debt trouble; they may just make your problems worse.
The information in this book may seem like common knowledge, but considering the skyrocketing level of
credit card debt, and the rising numbers of people living off their credit cards, it certainly bears repeating.
This book does a fine job of showing, in plain English, just how credit works.
Showing posts with label silverlake. Show all posts
Showing posts with label silverlake. Show all posts
Tuesday, October 23, 2012
Sunday, October 21, 2012
Liberty in Troubled Times
Liberty in Troubled Times, James Walsh, Silver Lake Publishing, 2004
The terrorist attacks of 2001 have been much less dangerous to the average American than the massive government grab for power that happened in the succeeding months. The author asserts that liberal/conservative or Democrat/Republican no longer apply. The new designation should be statist/libertarian.
Libertarians believe that liberty is about fundamental rights, while statists feel that liberty is about quality of life. Libertarians feel that self-ownership is vital to human dignity; government should adopt a laissez-faire attitude as much as possible. Statists believe in a powerful central government that delivers quality of life to the people. This book explores a number of present-day political issues from a libertarian perspective.
The right to privacy is an important check on the power of the state. It should be the right of every citizen to have, or not to have, a faith. But that does not mean that all mentions of religion should be removed from public life. Libertarians need to do a better job of convincing the public that an open-border policy and a vibrant immigrant population is a sign that the economy is growing and that a rising tide lifts everyone. Among the state's few, legitimate purposes is to ensure safety for its citizens. Risk-free existence is not possible, but steps can be taken to stop groups that will destroy the citizens of a free state if they get the chance. A proof that the Patriot Act is a bad law is that the best argument by its defenders is that it is not used as often as people think. The state should get out of the marriage business; offer civil unions to any qualifying couple and leave the granting of marriage to churches. Prohibitions of drugs like marijuana are a bad idea for several reasons: prohibiting the behavior of reasonable adults erodes self-ownership, passing laws that won't be enforced leads to a disregard for all laws, and laws that "send a message" misuse the state's powers and are redundant.
Perhaps it is time for a different way of looking at politics in America; the present system doesn't work very well. The author says that it is not easy to be a libertarian, but for those who are interested, this book is an excellent place to start. It is recommended for everyone, including that who simply want to know what libertarianism is all about.
The terrorist attacks of 2001 have been much less dangerous to the average American than the massive government grab for power that happened in the succeeding months. The author asserts that liberal/conservative or Democrat/Republican no longer apply. The new designation should be statist/libertarian.
Libertarians believe that liberty is about fundamental rights, while statists feel that liberty is about quality of life. Libertarians feel that self-ownership is vital to human dignity; government should adopt a laissez-faire attitude as much as possible. Statists believe in a powerful central government that delivers quality of life to the people. This book explores a number of present-day political issues from a libertarian perspective.
The right to privacy is an important check on the power of the state. It should be the right of every citizen to have, or not to have, a faith. But that does not mean that all mentions of religion should be removed from public life. Libertarians need to do a better job of convincing the public that an open-border policy and a vibrant immigrant population is a sign that the economy is growing and that a rising tide lifts everyone. Among the state's few, legitimate purposes is to ensure safety for its citizens. Risk-free existence is not possible, but steps can be taken to stop groups that will destroy the citizens of a free state if they get the chance. A proof that the Patriot Act is a bad law is that the best argument by its defenders is that it is not used as often as people think. The state should get out of the marriage business; offer civil unions to any qualifying couple and leave the granting of marriage to churches. Prohibitions of drugs like marijuana are a bad idea for several reasons: prohibiting the behavior of reasonable adults erodes self-ownership, passing laws that won't be enforced leads to a disregard for all laws, and laws that "send a message" misuse the state's powers and are redundant.
Perhaps it is time for a different way of looking at politics in America; the present system doesn't work very well. The author says that it is not easy to be a libertarian, but for those who are interested, this book is an excellent place to start. It is recommended for everyone, including that who simply want to know what libertarianism is all about.
Saturday, October 6, 2012
Identity Theft
Identity Theft, Various, Silver Lake Publishing, 2004
Identity theft is the fastest growing consumer threat in America. The explosion of computer and graphics technology has made it a much easier crime to perpetrate than in the past. It is the sort of crime that can happen to anyone, and be perpetrated by anyone.
The most practical documents to obtain for an identity thief are a Social Security Card or a driver's license (usually stolen and altered). With those, anything is possible, from getting new credit cards to cleaning out bank accounts. Administration of these systems is chaotic, and faking is easy.
The lead federal agency dealing with identity theft is the Federal Trade Commission. A problem with any federal investigation of a specific case is that the amounts are usually small, perhaps a few thousand dollars, and the victim and perpetrator usually live in different states (cost efficiency and jurisdiction). Therefore, the first responder will most likely be the local police department.
Preventing identity theft starts with the consumer. It is not possible to fill in all ID "holes," but things can be done, like safeguarding personal information, to make a thief go elsewhere. The consumer is responsible for notifying the authorities of illegal activity; the bank or credit card won't do it. Clean out your wallet or purse. Keep a photocopy of your license, credit cards, etc. in a safe place, in case it is stolen. Get things like bank account numbers, PIN numbers, passports and birth certificates out of there, and into a fireproof box at home. When ID theft is discovered, document all letters and phone calls, no matter what.
This book is excellent. It's small, so it can easily fit in a pocket or purse, and it is packed with easy to understand information. For those who are concerned about, or are victims of, ID theft, this is very much worth reading.
Identity theft is the fastest growing consumer threat in America. The explosion of computer and graphics technology has made it a much easier crime to perpetrate than in the past. It is the sort of crime that can happen to anyone, and be perpetrated by anyone.
The most practical documents to obtain for an identity thief are a Social Security Card or a driver's license (usually stolen and altered). With those, anything is possible, from getting new credit cards to cleaning out bank accounts. Administration of these systems is chaotic, and faking is easy.
The lead federal agency dealing with identity theft is the Federal Trade Commission. A problem with any federal investigation of a specific case is that the amounts are usually small, perhaps a few thousand dollars, and the victim and perpetrator usually live in different states (cost efficiency and jurisdiction). Therefore, the first responder will most likely be the local police department.
Preventing identity theft starts with the consumer. It is not possible to fill in all ID "holes," but things can be done, like safeguarding personal information, to make a thief go elsewhere. The consumer is responsible for notifying the authorities of illegal activity; the bank or credit card won't do it. Clean out your wallet or purse. Keep a photocopy of your license, credit cards, etc. in a safe place, in case it is stolen. Get things like bank account numbers, PIN numbers, passports and birth certificates out of there, and into a fireproof box at home. When ID theft is discovered, document all letters and phone calls, no matter what.
This book is excellent. It's small, so it can easily fit in a pocket or purse, and it is packed with easy to understand information. For those who are concerned about, or are victims of, ID theft, this is very much worth reading.
Subscribe to:
Comments (Atom)