Over the past several years, there has been a growing trend towards paying American workers with payroll cards. Payroll cards are pre-paid cards issued by employers to employees that can be used at an A.T.M. to withdraw wages. In 2012, approximately 4.5 million American workers received their wages on payroll cards, and the numbers continue […]
Most consumers have come to understand that their credit scores are important and affect several areas of their life. Credit scores are used by creditors to make lending and credit extension decisions, employers to make employment offers, and much more. The broad use of your credit scores may not be surprising, but did you know […]
Prepaid debit card use has increased drastically over the last decade. In 2016, Forbes projects that 29.2 million cards will be active, indicating an average growth rate of 19.7%. While some prepaid debit cards have no activation fees, monthly fees, or card replacement fee, other cards are less advantageous for consumers. Fees can often be up to […]
In Part 2 of our series, we covered how to identify and correct inaccurate information on credit reports. In Part 3, we will discuss the businesses that offer these services professionally: credit repair agencies. Overview and Concerns A “credit services organization” (or agency) is defined under Colorado law as, “any person, including a nonprofit organization […]
After obtaining your credit report from www.annualcreditreport.com, you should have a fair amount of information to go over. Many people are only interested in their credit score: do not make this mistake. A credit score is just a number, after all, and what you should really be interested in is what is driving that number. […]
According to Forbes, In 2012, $34 billion dollars were loaded on 4.6 million payroll cards. By 2017, Forbes projects that this number will increase to $68.9 billion dollars. Payroll cards are a recent phenomenon increasingly utilized by companies both big and small alike. Payroll cards are an alternative to an employee receiving their salary or wages […]
Watch to learn more about how the CARD Act affects you.