Archive for July, 2010

Debit Card Fraud – Be On The Alert

Posted on July 27, 2010 by Saldutti

American consumers are increasingly relying on debit rather than credit cards. Debit card spending has risen steadily – growing from 47% of purchases in 2003 to 59 % in 2008.  According to the Nilson Report, it’s expected to surpass 67% by 2013.  Criminals have definitely taken notice. Fraud detection analysts note that while there has been an increase in all types of card fraud, ATM and debit card fraud is the top area of concern.  Scammers are becoming more slick and sophisticated and incidences of debit card fraud are becoming more commonplace.    The most notable variation of this fraud…

Help Us Lead the Way … for a Great Cause

Posted on July 19, 2010 by Saldutti

Saldutti, LLC recently announced its sponsorship of the Rangers Lead the Way Fund by participating in the ING New York City Marathon on November 7, 2010.  The Lead the Way Fund, Inc. is a non-profit organization established to raise funds in support of disabled U.S. Army Rangers and the families of Rangers who have died, been injured or are currently serving around the world. The group provides spouses and children of deceased, disabled or active duty Rangers with assistance for health and wellness programs and other services vital to the family’s well-being. Lead the Way was created in honor of Sgt….

Consumers' Credit is Tanking – More Q&A

Posted on July 13, 2010 by Saldutti

When it comes to managing your money, three little digits wield tremendous power over your future – and we’re not talking about your cholesterol or weight.  Once again, we’re discussing your credit score.  Your FICO score (which stands for Fair Isaac Corporation – a credit scoring model originated in 1956 to mathematically calculate risk) is the number that tells credit card issuers, mortgage lenders and other consumer finance companies how safe it is to lend you money. According to this week’s Associated Press report, American’s credit scores have sunk to an all-time low.  Over 25% of consumers (nearly 43.4 million people) now…

Credit Cards & Debt: 25 Cold-Hard Facts

Posted on July 06, 2010 by Saldutti

Credit cards can be your best friend or worst enemy. They are one of your life’s major financial assets and you need to know how to make it work for you, not against you.  Here are some interesting facts about these small pieces of plastic (courtesy of CreditCards.com)  Average credit card debt per household with credit card debt: $15,788 Total credit cards in circulation in U.S: 576.4 million, as of yearend 2009 Total debit cards in circulation in U.S: 507 million, as of yearend 2009 Average number of credit cards held by cardholders: 3.5, as of yearend 2008 Average APR…