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The Top Six Holiday Season Financial Scams: Consumer Finance Expert and New York Law School Professo
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The December holidays are just around the corner, and holiday shopping has now begun in earnest. At this time of year, according to consumer finance expert and law professor Karen Gross, uninformed consumers may be at risk of being victimized by several common financial scams that will come back to haunt them in the New Year--scams that will send them heavily into debt.
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Young investors: Attack debt
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So pay off your student loans and credit card debt first. 'It's the safest investment you can imagine. It's a guaranteed rate of return,' says Schatsky, a fee-based planner and president of ObjectiveAdvice.com.
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Too Much Credit Like Too Much Candy
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Some of our goodies would go to help consolidate old credit card debt, sure, but the candy keeps calling us back. Next, maybe some new clothes and sports gear. Mild tummy ache with the first finance charges? The candy sack keeps beckoning.
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Newspapers used as learning tool in schools
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During a lively discussion yesterday, Cheng and other seniors in Franklin High School's academy of finance talked about how credit cards have transformed the economy, their impact on consumers and the sector's potential for investors.
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Fed says consumers put credit cards back to work in September
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The latest snapshot of people's appetite to borrow showed that consumer credit rose by a seasonally adjusted annual rate of 5.8 percent in September from the previous month, or by $9.8 billion.
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'Survival debt' is the scariest of all
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Survival Debt is the result of putting the rent on a credit card because the bonus didn't come through or the rent money went to repair the car or pay the utility bills or buy clothes and diapers for the kids.
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