Many women carry everything but the kitchen sinks in their purses. There are a lot of items women cannot seem to leave at home. This can weigh a purse down and make it extra heavy to carry on your shoulders. However, if attacked, it makes a great weapon. All jokes aside, I want to share what I feel is the most essential to carry in your purse.
Even if you are planning an extended stay in a foreign country, there are some items you should leave behind, mostly as a precautionary measure. Valuables such as jewelry, are safer at home than they are overseas. While the desire to bring a reminder of home with you is understandable, don’t take sentimental or one-of-a-kind items that can’t be replaced. Remove unnecessary, yet important items from your wallet, including credit cards that you don’t need and your social security card replacement.
You might be able to either transfer a low balance, high-interest credit card balance to another low-interest credit card, as I said previously. Or, if your debts are really high, you might consider combining the total balances and taking out a mortgage loan or a home equity loan to pay the debts off. You’ll earn a Goliath – sized savings amount between paying 18% interest on credit cards, and an estimated 8% on your mortgage loan amount.
Remember your rights social security card replacement under the Fair Credit Reporting Act. All information MUST be 100% accurate. If you attempt to dispute with the Credit Reporting Agencies, be very careful that you do not write frivolous letters. (means letters that don’t mean anything). If you have documentation to back up your claim or you have a copy of your credit report and you underline those items that you know are not accurate, you stand a very good chance of getting your credit straightened out.
You might think about using just part of your savings to pay off some of your debt. If you’re getting paid 2 or 3 % interest on your savings account, while you’re paying – let’s say – even a low annual rate of 12% on a credit card debt, think about how much money you could save if you paid that charge debt off now! Just be careful to leave enough savings in your account in case you need that money for an emergency.
There are between 10-15 million people affected by Identity Theft Each Year. 10% of those victims are children. That means every 3 seconds a new person has their identity stolen. There are other ways to ensure the safety of you and your family’s identity. You just have to become aware of the threats around you and what you can do to avoid them. One of the most important steps a person can take in the fight against Identity Theft is to practice awareness for you and family.
Now, since we understand aging and how long an item can remain on your credit report, lets look into another item or entry. Federal Law says that a furnisher of information MUST report the date in which an account was first late and that triggers the commencement of the initial delinquency. There is a National bill collection agency by the name of NCO. In the summer of 2004 they were found guilty by the Federal Trade Commission of this violation and fined $ 1,500,000. That’s right! I said ONE POINT FIVE MILLION SMACKEROOS. Is that heavy? You bet your brother Fred’s new white pickup truck that is heavy.
There are also several companies that offer credit monitoring services. For an annual fee they will monitor your credit reports for any activity. Many will also keep a list of all your accounts so that if your cards are stolen you only have to call them. They will then contact all of your credit card issuers for you. These services are often fairly expensive, but many people would rather make one phone call instead of ten.