Personal Finance

Credit.com in the News: 5.20.12

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This week the experts from Credit.com contributed to a wide range of publications on subjects including identity theft, credit scores, credit cards and debt. Check out some of the highlights…

Adam Levin on Identity Theft

Credit.com co-founder and chairman Adam Levin spoke to WABC’s Stacy Sager about what people can do to protect themselves if their credit card numbers have been stolen. Sager reported on hundreds of card numbers, along with names and addresses published to a public website. “The website was stumbled upon by Sean Herskovitz, who never expected to find what he did when he Googled his girlfriend’s name,” Sager reported. “He was shocked to find her credit card information for sale, along with her Social Security number and address.” She spoke to Adam in Times Square, downstairs from Credit.com’s New York office. “The information could be just sitting out there for over a year,” he said, “for people to grab and use.”  @staceysager7 @Adam_K_Levin @eyewitnessabc7

Gerri Detweiler on Family Debt
Credit.com’s Director of Consumer Education Gerri Detweiler spoke to USA Today’s Christine Dugas about a University of Michigan study which reveals that families have more unsecured debt than savings. Unemployment and a tight economy have forced many to drain savings, run up their credit cards, or both. “They still have debt to deal with before they can take care of things like saving more money or paying for their kids’ college education,” Gerri told USA Today. @christinedugas @USATODAY @Gerridetweiler

Beverly Harzog on Credit Cards for College Grads
Credit.com’s credit card expert Beverly Harzog spoke with CBS Philly’s Jim Donovan about the pitfalls that face recent college graduates when it comes to credit card debt. ”When it comes to credit, the most important thing when you’re starting out is, yes it’s fine to get a credit card because it is important to build a good credit history, but pay that balance off every month. You really have to do that,” Beverly said in the report@jimdonovancbs3 @CBSPhilly

Gerri Detweiler on Credit Scores
Gerri contributed to a couple of stories on PBS’s newish site for boomers, NextAvenue.org. Here’s an excerpt from “4 Lessons to Improve Your Credit Score,” by Caroline Mayer:

Make sure all your medical bills have been paid, either by you or your health insurer (or both of you). ”It’s very easy for a payment to fall through the cracks and end up in collections,” says Detweiler. A 2003 Federal Reserve study found that more than half of all collection accounts noted on credit reports involve unpaid medical bills. “This is a huge problem,” Detweiler says.

She’s also in a NextAvenue piece by Richard Eisenberg titled “It’s Time to Make Credit Scores Truly Free.“ @NextAvenue @richeis315

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