Approximately 40 million credit and debit card accounts used by Target customers may have been impacted by a major data breach, the retailer said Thursday. Customer names along with credit and debit card numbers may have been accessed, as well as the expiration date and three-digit security code on the back of each card, the store said.
Recent reports indicate that the majority of the time when your credit card company calls you to inquire about potentially fraudulent activity on your account, it is not an attempt to sell you additional products and services. Rather, it is a real security warning. and going forward you might want to start answering those calls.
These days more credit card customers are paying their bills on time than they have over the course of the last decade.
A report released earlier today by the American Bankers Association indicates that delinquencies on credit cards are currently at an 11-year low, with only 2.93 percent of credit accounts reported past due by 30 days or more. These figures come in substantially under the 3.91 per
Once upon a time, people used credit cards as back-up funds, tapping into them only when an unforeseen emergency arose.
But now, thanks to the current state of the economy, a staggering number of consumers are using their cards for routine bills like mortgages and groceries.
Here’s the good news: Americans have better credit scores now than we have in the past few years. But there’s bad news, too: credit standards are now so high that it may not matter much.