Personal Finance

Credit.com in the News 11/17/12

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This week the experts from Credit.com contributed to a wide range of publications on subjects including debt collection, identity theft, Hurricane Sandy and what the election outcome means for your finances. Check out the hits…

Credit.com Co-Founder and Chairman Adam Levin spoke to FoxNews.com about what the fiscal cliff could mean for the American worker. He warns that there’s not an inevitable governmental fix for the the upcoming cliff and calls on Congress to make serious reforms so this issue doesn’t come around every year or two.

@Adam_K_Levin @Foxnews

Adam also spoke to WTOP and used Hurricane Sandy as metaphor for protecting yourself against potential risk like identity theft. Adam’s house on the Jersey Shore was swept away in the storm and he admits he was in the “it won’t happen to me” mindset and warns others to be prepared for the worst when it comes to their financial security.

@WTOP

Credit.com’s Director of Consumer Education Gerri Detweiler was on the The Big Interview on Money Life and spoke about debt collection. She explains what the laws are and what consumers can do to protect themselves if they are being unfairly targeted by debt collectors. She offers precautions to take when dealing with these collectors and also a road to repair if you’ve already been targeted.

@GerriDetweiler @MoneyLifeShow

Susan Tompor at The Detroit Free Press also called on Gerri to discuss best practices when it comes to deb collection. The Consumer Financial Protection Bureau will be enforcing stricter rules over debt collection starting at the beginning of next year and Gerri thinks it’s about time. She goes on here to list helpful tools to navigate through the sometimes-scary world of debt collection.

@Tompor @Freep

When talking to Dimespring, Gerri focuses on what the Affordable Care Act would do for people dealing with medical debt collection. She’s also optimistic for the bipartisan support in Congress for the Medical Debt Responsibility Act that would allow consumers to be free of the medical debt on their credit scores 45 days after it has been paid.

@KathrynLizbeth @DimeSpring

The holiday seasons are upon us and many of us are either likely to give or receive gift cards. While there’s an argument that cash is a less constricted way to gift someone a specific monetary value, gift cards are still wildly popular. Gerri discussed the risks associated with gift cards with Herb Weissbaum at Today. She recommends that you register these cards since if they do become lost or stolen, like cash there gone for good. She also notes that some people simply don’t use them and they go to waste.

@TodayMoney

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