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Credit.com in the News 7/22/12

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This week the experts from Credit.com contributed to a wide range of publications on subjects including swipe fees, identity theft, credit card use while traveling and whether layaway is smart. Check out the hits…

Credit.com chairman and co-founder, Adam Levin was on CBS Evening News discussing the hot topic of credit card swipe fees with Elaine Quijano. Banks and credit card companies are to pay a $7 billion settlement to retailers that claim they fixed their “swipe fees” to drive up cost. Adam points out the ubiquity of these fees are and how consumers are mostly blind to them. To check out the full video, click here@Adam_K_Levin @elaine _quijano

Adam discuss some of the modern problems we come across that with social media and financial security with WTOP. From posting seemingly harmless vacation pictures on Facebook to putting your credit card number on Twitter, Adam warns against over sharing. You can listen to the show here. @dsotisWTOP

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Free Tool: Credit Report CardOur resident credit card guru, Gerri Detweiler was on Fox Business explaining some of the nuances of card use that can come in handy for consumers. Gerri explains when it’s best to use credit or debit for purchases, whether it’s while you’re traveling, filling up on gas or shopping online. Check out the full video here. @GerriDetweiler @FoxBusiness

Gerri also spoke to WTOP and this time about how to get a truly free credit report and score. She emphasizes the importance of being familiar with your credit report, checking for errors and correcting misinformation. You can listen to the show here. @WTOP

Gerri points out common mistakes that consumers make that end up hurting their credit scores on Blog Talk Radio. She explains that with so many components that affect credit scores it’s good to know what creditors are looking for. You can listen to the show here. @blogtalkradio

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Sears has a new vacation program that allows its customers to put vacation on layaway. Gerri, always airing on the side of safety, endorses the plan, noting that it’s better to have a trip paid for than having a stack of bills when you get back. However she does caution against overspending and leaving some cash available in case of an emergency.You can read the story here. @itravelertimes

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