Posts tagged ‘credit cards’

Equifax and Your Credit Reports

Freeze your credit reports, register for your own account on Social Security, and keep an eye on your bank and credit card statements. And if your identity is stolen, file a report with your local police department, the FTC at, and the IRS so your tax refund can’t be stolen.

And think about using Two Factor Authorization (2FA). See Two Factor Auth (2FA).

For more, see:

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Debt and Risk Aversion

Our debt has a way of focusing us on downsides, because debt turns a continuous income curve into two discontinuous lines: “solvent” and “insolvent.” More generally, debt has a way of magnifying life events. When things are going well, debt can help them go better: You can buy a house and a car, or you can buy a bigger house and a nicer car. But when things are going badly, debt can turn a slight income loss into a major disaster.

Most Americans now have a lot of debt, whether they’re ordinary workers or commercial landlords. Which means that most Americans have to be extraordinarily sensitive about letting their income cross the line where they can no longer support their debt payments. Which in turn means that already sticky prices may become positively glue-like.

Too Much Debt Is Making Us Sticks-in-the-Mud

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