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New protection acts that grant us more financial security are on the rise. Our children have a better shot at preserving their identity and some job applicants with bad credit may have a better shot of snagging a job. Layaway is back in a big way and credit cards are getting a surge of popularity. We take a look at the old and the new and what may be right for you. As always, if you enjoy any of our favorite bloggers, we encourage you to follow them on Twitter for regular updates. And don’t forget to follow Credit.com at @CreditExperts

Small Employers Unfazed By Growing Credit Report Limits

California is the latest in a string of states to limit how employers can use credit histories to screen job applicants, unless the job requires the employee to have access to more than $10,000 cash or to consumers’ sensitive personal or financial information. Only 7% of small businesses using these screening techniques, while 65% of larger companies do. There is a lot of hope that these steps will help the unemployed get back to work. @WSJ

Big Banks Try To Entice Customers With Good Credit To Take On More Debt

Timing is everything! Now that some major banks will begin charging customers monthly debit card fees, the credit card companies are trying to make credit look even more attractive. Targeting their customers with good credit and offering them low interest on new cards and little or no transfer fees, banks are pulling out all of the stops to get consumers back in the credit state of mind. @huffingtonpost

Foster Children Gain Protection From ID Theft

U.S. Representative Jim Langevin of Rhode Island is taking up the fight against child identity theft that targets foster children. His state requires all foster children to get credit checks and eliminates their Social Security numbers from their paperwork. These measures should greatly decrease identity theft risks to foster kids in RI, and hopefully soon across the country. @ArchiveDigger

Layaway: Worse Than Credit?

In most cases credit cards come out as the champion against layaway. After taking into account the service fee and the amount of time it takes to pay off, the interest is higher than almost any credit card. Also, there’s a risk of defaulting and losing the down payment and service fee with nothing to show for it. While credit might be the better alternative to layaway, consumers should still be vigilant about paying off their credit debt. Ultimately, old-fashioned save then spend is probably still the wisest form of payment. @bradrtuttle @time

Debunking Credit Score Myths

More than half of Americans recently polled don’t know what exactly affects their credit score, believing—wrongly—that everything from employment to age has an effect on it. Awareness of one’s credit and how it works can be the difference between financial failure and success. Spread the good word! @Daily_Finance

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