Powered by Max Banner Ads 

A School Teacher Learns that Using a Debit Card Can Be Dangerous. Find Out How?

Thank you for revisiting you can still subscribe to my RSS feed. As Always Thank You for visiting!


 Powered by Max Banner Ads 

With credit being more important than ever, how would you feel if the cash that you work so hard for is in danger, too?  How?  When you use your debit card, you are using cash from your bank account.  If that account number is stolen you do not have the same protection as if your credit card account is stolen.

If someone steals your credit card number and you report it stolen, you are only liable for $50 of the unauthorized charges.  However, with a debit you must report the theft in two days of the theft to get the smae $50 limited liability protection.

Reporting the theft within two days of occurs is more difficult with a debit card because you receive the statement once a month and fraud protection is not offered by many bank institution for a checking or saving account.

Another important thing to remember about your debit card purchase is that the protection decreases as the fraud or theft continues.  How?  If you miss the 48 hours deadline in reporting the theft, but you report the theft with 60 days of occurs you are liable for up to $500 of the unauthorized charges.  If report after 60 days, you are responsible for all unauthorized spending.

There is good news, though, if you use your debit card as a credit card where you sign for your purchase you are protected by the same laws as an unauthorized credit card usage.  The key here is that it must be used as a credit card purchase.  It is not a credit card purchase if you enter your pin number.

To protect yourself check your balance daily and balance your checkbook.

Originally posted 2009-10-16 16:27:49. Republished by Blog Post Promoter

Blog Traffic Exchange Taylor-Brown's Related Post s' Related Posts
  • American Savings Life Insurance Company's LogoHow Life Altering Events Can Affect Your Personal Finances [/caption] If you are getting married, graduating from college, purchasing a home, or changing jobs, you may want to considered what affect these life altering events would have on your family if you were not there.  To cover these life altering events, you will need to evaluate your personal finances.  Why,......
  • blog traffic exchangeA Low FICO Score Is a Challenge Not a Defeat Credit is essential to acquiring a home, car, etc. especially if you do not have cash to purchase the item you desire or need.  It is equally as important to understand how credit can influence your ability to purchase.    Let's examine. The bank institutions Advantage Mortgage Lending use FICO score to determine......
Related Websites

About admin

Serena Brown is broker and owner of Taylor-Brown Real Estate. She is the author of this blog. She has also co-authored a book entitled Should I Short Sale My Home. She has authored a e-book How to Sell My Home. She will be authoring a book on real estate investing by April of 2010 and several reports. She has dual degrees in Business Administration and Electronic Engineering Technology. She prides herself on being up to date on all trends, news, and education related to real estate to include short sale, loan modification, etc. She also makes sure her clients are abreast of how these changes will affect them financial. Therefore, stay tuned for great information in 2010.
This entry was posted in credit and tagged , , , , . Bookmark the permalink.

9 Responses to A School Teacher Learns that Using a Debit Card Can Be Dangerous. Find Out How?

  1. Pingback: uberVU - social comments

  2. Thanks for this site. We all love to save a dollar and your advice helps

  3. I would like to thank you for the efforts you have made in writing this article. I am hoping the same best work from you in the future as well. In fact your creative writing abilities has inspired me to start my own BlogEngine blog now. Really the blogging is spreading its wings rapidly. Your write up is a fine example of it.

  4. Hello, Good morning because i absolutely love your site, I would be happy if you would ask me to publish a big review on your great wordpress blog in my little would you grant me permission to? Low Interest Credit Cards

  5. There is a good post about getting mass traffic from Twitter with your WordPress based sites. Here it is: http://www.wordpressrobot.com/5-steps-to-becoming-highly-infectious-on-twitter You can use unlimited Twitter accounts to tweet from and use proxy IP’s if you prefer. This will really bring in a lot of visitors from Twitter to all your WordPress sites. All fully on autopilot!

  6. This is is an excellent and informative web site and I have to say that I am really impressed.

  7. I REALLY liked your post and blog! It took me a little bit to find your site…but I book marked it. Would you mind if I but a link back to my site?

  8. Well I’m going to have to look up a couple more things but this is a really good place to start.

  9. I’m happy I discovered this weblog, I couldnt discover any info on this topic matter prior to. I also run a site and if you want to actually severe in just a little bit of guest writing for me if possible really feel free of charge to let me know, i’m always appear for people to take a look at my site. Please stop by and leave a comment sometime!


 Powered by Max Banner Ads