Identity Theft in America by The Numbers

Have you become a victim of identity theft or identity fraud?  If so, you are not alone; nearly 1 in 10 Americans have felt the stab of identity victimization.  Even if you are fortunate enough to have escaped the first-hand knowledge of the consequences of having your bank accounts ripped off and your social security number compromised, you should still be concerned.

Identity theft and fraud is big business both at home and abroad.  If it was to be compared to legitimate business enterprises, you would rank it right up there with Microsoft and Amazon.  Identity theft is responsible for the ill-gotten transfer of monies from big corporations to the hands of small and big time crooks in the amount of $31 billion annually, and that’s just fraud scams that affect US companies.  If international business losses are taken into account as well, the number jumps up to over $221 billion dollars.

If you dismiss these huge numbers, as many consumers are apt to do, you could be setting yourself up for a huge mess. It is

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End of Year Car Deals – How to Save When Auto Shopping (Dealers Beware)

The end of the year is deal time as dealerships rush to clear old inventory and shift their bottom lines from red to black. So many would argue that buying a car, particularly a current year model, is best done nearing year-end. In addition to timing your auto purchase, here are even more great tips to save money when shopping for your next new or used vehicle:

1. Buy from a big dealership. They have the inventory and they make their money with volume. Small dealerships depend on higher profit per car – which doesn’t help you. This is especially the case with new cars. Further, larger dealerships can afford to negotiate more because they figure that what they lose in the base sale price, they can make up in extras and future servicing.

2. Consider the inventory. Following on from the above point, if the car you want has been sitting on their lot for a while, the dealership and the sales staff will want to sell it. After all, they are paying fees to the manufacturer until the car gets sold. So when crusin the dealership drives, do a visual check and pick the dealership that has a large stock of the car you want to buy.

3. Mon

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Italian Budget vote passes – Nov. 8th

Hello All,   The Italian budget vote passes, but the main concern is as to whether Berlesconi will be subject to a vote of confidence or will be subject to resign.  This next step may take days or even weeks, and if he were voted out the significance of change in the right direction may provide enough steam for the markets to rally.  Although the chances of this happening are very slim as he has lost majority in the lower house, but maintains majority in the Senate.  We will keep our eye on Italian bond yields as they’re teetering at 7%.    

This Week in Credit 11/11/11

“Thousands of people flooded into credit unions and small banks over the weekend as part of Bank Transfer Day, an effort to prod depositors to abandon giant banks. But at least some of the big banks wont mind losing those customers.”

“Credit card issuers are bumping up their rewards for the holiday shopping season as they seek to lure consumers away from debit cards and competitors. For shoppers with decent credit scores, this can provide the opportunity to pick up extra cash or miles while they do their gift shopping.”

“The $7.4 billion jump was more than forecast and followed a $9.7 billion decrease the previous month, Federal Reserve figures showed today in Washington. Credit was projected to rise $5.2 billion, according to the median forecast in a Bloomberg News survey.”

Luxury Homes of Rockwall, Texas within Lago Vista

Rockwall, TX is home to great and very luxurious neighborhoods, one of which is Lago Vista. The neighborhood is revered for its beautiful nature and great charm, with beautiful homes that are scattered throughout with a great deal of prominence within the city. The neighborhood is much newer than many of those that are found in Texas, with the oldest homes of the neighborhood dated to 1995. This is to have great advantages, however, especially for those that are looking for modern homes with modern designs and modern architectural value.

The homes of Lago Vista have a greater price than many others of Rockwall, ranging between the  $260,000’s and almost $600,000. Lots are a bit larger as well, ranging to over an acre, with homes reaching about 4,300 square feet. There are about 91 lots per subdivision with a Home Owner’s Association in full effect. Students attend Dorothy Smith Pullen Elementary, Maurine Cain Middle, and Rockwall-Heath High.

All in all, if you are looking for a dazzling new home in Rockwall, Texas, you can’t go wrong in Lago Vista. You wi

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Priceline Announces the Top 50 Destinations for July 4th

Late Friday, Priceline released its annual list of the top 50 North American travel destinations for the Fourth of July weekend. The online, discount-travel company said it believes that its list is one of the most accurate predictors of July 4th travel trends since it is based upon hotel room booking request made by its customers with their credit cards, rather than on consumer polls or votes.

For the second year running, a Chicago neighborhood was listed the top July 4 destination, with Chicago’s North Michigan Avenue and River North Area being number one this year. In fact, the majority of the places were northern destinations, with even 10 of them being north of the U.S.-Canadian border. Giving his thoughts on the list, Priceline’s Travel Ekspert blogger, Brian Ek said, “With record high temperatures in various parts of the country, many Americans appear to be headed for hopefully cooler northern destinations over the July 4th long weekend. This is similar to the trend we saw last year except, in 2010, it was the BP oil spill that was affecting tourism in southern beach destinations. It’s also worth noting the strong recovery of New Orleans. For J

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On Capital Hill – RILA weighs in on Deficit and Taxes

RILA discusses needed legislation The Retail Industry Leaders Association (RILA) sent a letter this week to the Joint Select Committee on Deficit Reduction. In the letter, they urged the committee to consider e-fairness and business tax reform as issues of great importance. According to RILA, “Main Street businesses need Congress to level the playing field between brick-and-mortar businesses and online only sellers.” By this, they mean ensuring “…states [have] the ability to enforce their sales tax laws.” States already have laws in place that would enable them to require remote sellers to collect and remit sales tax on purchases made by their residents. Unfortunately, “…a decades-old loophole that pre-dates the internet, [makes it possible for] online-only companies [to] achieve as much as a 10-percent price advantage over brick-and-mortar retailers by not collecting state and local sales tax.” RILA Executive Vice President Katherine Lugar declares in the letter that “…states should be able to enforce their laws, regardless of whether a product is purchased from an in-state or out-of-state vendor, and collect state revenues essential for dealing with their own fiscal crises.” She goes on to call out the Marketplace Equity Act (H.R. 3179) sponsored in th Read more…

Why you should opt for Roth IRA

roth iraWith pensions gradually fading into the past, Individual Retirement Accounts are gaining importance. There are a lot of IRAs you can choose from, to invest for a secured future but many would suggest you to start a Roth Individual Retirement Account. A Roth IRA when compared to a traditional IRA has a lot of positives, the most important of which is the fact that there are no tax deductions or penalties to a Roth IRA contribution. However this same plus point can prove to be a disadvantage. For instance in the case of a traditional IRA, where contributions are tax deductible, the contributor will get an amount of the contribution multiplied along with his marginal tax rate which will equal to an immediate tax saving. If you wish to learn more about a Roth IRA, the page roth-ira.org would be of great assistance.

Now let us first look at the features of a traditional IRA:
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