Posts by Kurt Burnett

Equifax Data Breach

According to the Federal Trade Commission (FTC), if you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies. Information included people’s names, Social Security numbers, birth…

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Status of the Social Security and Medicare Programs

Past In April of 1935, politicians passed the Social Security Act through the U.S. House and in June through the Senate; it was signed into law by President Roosevelt on August 14, 1935. [1] Ida May Fuller became the first beneficiary of recurring monthly retirement payments on January 31, 1940, with a check for $22.54. …

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Two Topics from the Course

Just about every topic that we’re discussing in the course has been in recent news, and I’ll touch on just a couple. Credit Card Debt On July 11, 2019 Yahoo Finance reporter Sibile Marcellus writes, “Americans owe more than $1 trillion in credit card debt. And according to a new CreditCards.com poll, households with credit…

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Understanding your credit report (assignment)

In an online discussion and/or in a short paper, students can discuss what they think are the one or two most important categories displayed on a credit report, and to explain why they are important. Many students conclude that some of the same behaviors that produce a respectable score also make financial sense. In other…

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Credit Card Agreements

If you have a credit card you probably don’t remember its terms and conditions; unfortunately, most people sign on without having read them in the first place. In truth, they aren’t meant to be understood.  If you scan through the CreditCards.com study results from 2011 and 2016, you’ll get a better feel for what I…

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