In our digital age it’s easy to monitor your credit card accounts online. But are you taking every precaution to protect those accounts from phishing attacks? Many people are so busy and pressed for time that they assume that every email they receive from their credit card company is legitimate.

Phishing starts when a consumer receives an official-looking e-mail from a business. The e-mail looks in every respect like one from a trusted source, such as a bank or e-Bay. The fraudulent e-mail will come with all of the right wording and company logos and will typically profess to be doing a security check, requiring the customer to verify private information.

If you fall victim to a credit card phishing scam, the perpetrators can gain access to your credit card numbers and a lot of other personal information. They can use your credit card to go on shopping sprees, and they can use your personal information to steal your identity. From there, they can attempt to open new accounts and wreak all sorts of other havoc. You can avoid phishing scams by being conscientious of the threat of phishing attacks and by protecting your sensitive information at all costs.

Spot, avoid, and protect yourself against phishing scams. Following are some tips to help you avoid becoming a victim of 'phishing' scams: Be alert for scam e-mails. If you get an e-mail that warns you, with little or no notice, that an account of yours will be shut down unless you reconfirm your billing information, do not reply or click on the link in the e-mail.

Credit card debt is an example of unsecured consumer debt, accessed through credit cards.

Debt results when a client of a credit card company purchases an item or service through the card system. Debt accumulates and increases via interest and penalties when the consumer does not pay the company for the money he or she has spent.

credit card debt

Credit card debt is the third largest source of household indebtedness. Only the mortgage and student loan debt markets are larger. Here are the latest credit card debt statistics from the Federal Reserve
Despite what you may hear about credit cards, getting into overwhelming debt with them is not inevitable. In fact, millions of credit customers charge regularly and never pay a penny in finance charges or other fees. 
8 things you must know about credit card debt
1. You don't have to owe! It is entirely possible to use credit cards regularly and stay out of debt forever.
2. Know when short-term loans make sense. Sometimes financing a purchase with a credit card is prudent -- as long as the repayment time frame is short.
3. Owing is easy, repaying is hard. Without careful attention, sinking into overwhelming debt is remarkably easy.

4. Debt affects your credit score. Not only is it wise to remain debt free for your own bottom line, holding onto high balances negatively impacts your credit score. 

5. Develop a repayment plan.  Even if you're in deep, you can probably climb out of debt with commitment and a plan. 

6. Can't make a payment? Ask for help. While your credit card company is under no obligation to accept less than the minimum requested payment, do not fear.

7. Settle cautiously. Want to settle your credit card debt for less than the actual balance? It's possible, but you need to offer a lump sum, and most creditors require borrowers be at least a few months behind.

8. You can't go to jail for nonpayment, but... If you're worried about spending time behind bars for not paying your credit card debt. The key is to always be aware of charging and balances, and address credit problems immediately.

Please note: If you wish to consolidate your debts because you are currently experiencing difficulties in making regular payments, please contact your credit provider who may be able to restructure your payments or work out a repayment plan to help you manage your debt.

In recent times, numerous people have started using plastic money. This is definitely a sign of prosperity but it has negative aspects too. There are certain sections of people who are not having control over their expenses and end up landing in debts. They buy products from credit cards but eventually fail to pay the interests. Generally, the rate of interest of such a loan is higher and people over-estimate their buying capacity. In order to come out of this trap you can take assistance of consolidation loan, as it is one of the best methods to deal with situations related to loan non-payment. Following are some of the best methods to pay off the dues related to credit card. You can choose either of them and get rid of the mess.

Credit Counseling: A majority of these companies are not for profit organizations but they get remunerated along with the companies they have attachments. If you take the assistance of these companies, then they can help you to reduce the rate of interest on your personal loans. A majority of people take credit cards, but are not able to handle its interests, so taking assistance from these companies is advisable. It has been seen that the success rate of the people dealing with these companies has been exemplary. A majority of people pay off their dues of credit cards quite easily.

Debt Management: You may come across companies which offer to manage your debts by taking over all your monthly installments and interests at once and paying off your creditors the due amount at lower interest rate because they have dealing with them for a long time now. Here, the major hurdle is that your credit score card will look as if you filed Chapter 13 Bankruptcy. If you choose this method as an option to quash your loans, then the mortgage company will not have any problem whatsoever. This needs to be the last option because this will leave a blot on your credit score card. When you have tried all the possible methods, then you need to opt for this option.

Debt Settlement: In this case, the creditor agrees for settling your debt for approximately 50-80 percent of the overall amount owed by you. You can get this done all by yourself; else there are companies which can work on your debt. This method may seem perfect for sealing off the debts at once because taking burden on your shoulders is truly demotivating. There are various other options for solving the problem but they are all complex and may push in further more problems.

Debit Reduction: Debit reduction of the debit can turn out to be the best deal for you because in this the company talks with the creditors and reduces your unsecured debt up to 60%. Thereafter, you can pay the newly set amount without any monthly interest. Since this is an agreement on repayment rather than debt settlement so you may not have to face any tax consequences.

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