High Yield Checking Accounts

Consider opening up a checking account in one of the following credit unions:

Each pays over 6%.

Certain restrictions MAY apply.

(Arkansas) - United Federal Credit Union - 6.01%,
(Kansas) - Golden Plains Credit Union (6.01%),
(Michigan...) - United Federal Credit Union (6.01%),
(North Carolina) - United Federal Credit Union (6.01%),
(North Dakota) - United Federal Credit Union (6.01%),
(Ohio) - United Federal Credit Union (6.01%),
(Oklahoma) - United Federal Credit Union (6.01%)

If you are going to park your money somewhere, you might as well get something for it.

Gifts for those in a financial crisis

Send someone you know a gift expressing your support during a financial crisis, by purchasing an item from www.CafePress.com/altonjjones and visiting www.AltonJJones.com to buy a copy of Evil Money Evil Credit.

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Account “Users”

If you open an individual account, you may authorize another person to use it. If you name your spouse as the authorized user, a creditor who reports the credit history to a credit bureau must report it in your spouse’s name as well as in yours (if the account was opened after June 1, 1977). A creditor also may report the credit history in the name of any other authorized user.

Limiting Access

You may request that consumer reporting agencies do not distribute your name on lists used by creditors and insurers to make unsolicited offers of credit and insurance. Requests can be made by telephone or in writing by filling out a form available from each credit reporting agency. For telephone requests, call (888) 5 OPT OUT to be excluded from Experian, Equifax, and Trans Union. Telephone requests last for two years; written requests are permanent. Consumers have the right to sue consumer reporting agencies, users, and providers in state and federal court for violations of the Fair Credit Reporting Act.

Credit Insurance: Is It for You?

There are four main varieties of credit insurance: Credit life insurance pays off all or some of your loan if you die. Credit disability insurance, also known as accident and health insurance, makes payments on the loan if you become ill or injured and can't work. Involuntary unemployment insurance, also known as involuntary loss of income, makes your loan payments if you lose your job due to no fault of your own, such as a layoff. Credit property insurance protects personal property used to secure the loan if destroyed by events like theft, accident or natural disasters.

On the Internet

While using the Internet, you can learn about any number of topics and buy almost anything. Be aware, though, that Internet shopping, like traditional shopping, may carry some risk. Software to protect you and your privacy is often a part of most web sites. In fact, when ordering online, it would be wise to check if you are on a secure server by looking for a security symbol such as an unbroken key or padlock symbol at the bottom of your Internet browser window. These symbols indicate that any information you may send to the web site, including your credit card numbers, is encrypted or put into computer code prior to transmission.

Fair Credit Billing

Have you ever been billed for merchandise you returned or never received? Has your credit card company ever charged you twice for the same item or failed to credit a payment to your account? While frustrating, these errors can be corrected. It takes a little patience and knowledge of the dispute settlement procedures provided by the Fair Credit Billing Act (FCBA).The law applies to "open end" credit accounts, such as credit cards, and revolving charge accounts - such as department store accounts. It does not cover installment contracts - loans or extensions of credit you repay on a fixed schedule. Consumers often buy cars, furniture and major appliances on an installment basis, and repay personal loans in installments as well.