Credit card fraud
Credit card fraud is present in our country, although its prevalence is subject to debate. In the cases I’ve handled, a SINGLE fraudulent transaction amounted to millions of pesos. A... Read more >
View ArticleWhat would you do as a Credit Card Company?
There seems to be a consensus that certain practices of some credit card collection agencies go beyond what is fair and reasonable, something which is officially recognized when no less... Read more >
View ArticlePhishing Scams on Bank Accounts
If phishing scams have been around for many years, and millions of pesos have been lost from banks and depositors by reason of breached account details, why is it that... Read more >
View ArticleCredit Cards and Unfair Collection Practices
There are a number of good reasons in favor of having and using a credit card. It’s like owning a gun – it’s really a matter of how you use it. I know, not because I own a gun, but because I’ve handled...
View ArticleBSP Circular No. 454, Series of 2004 (Full Text)
CIRCULAR NO. 454 Series of 2004 Pursuant to Monetary Board Resolution Nos. 1278 and 1328 dated 09 September 2004 and 16 September 2004, respectively, Circular No. 398, Series of 2003 governing the...
View ArticleHigher Price of Purchases by Credit Cards Disallowed
In an Administrative Order recently issued by the Department of Trade and Industry (DTI), stores are now prohibited from imposing any extra charges, on top of the cash price, for purchases of goods or...
View ArticleCredit Cards: Keeping Ahead of Runaway Credit Card Debt
A credit card is a wonderful tool that allows to transact without carrying wads of cash. Many people consciously avoid the “rule” to pay in cash whenever possible. Unless it’s cheaper to pay in cash,...
View ArticleTop 10 Internet Scams
We’ve started listing down various schemes and schemes, some of which are internet-based. There’s an informative article on Top Ten Internet Scams, which article is culled from an unlikely source – the...
View ArticleRepublic Act No. 8484: Access Devices Regulation Act of 1998 (Full Text)
REPUBLIC ACT No. 8484 AN ACT REGULATING THE ISSUANCE AND USE OF ACCESS DEVICES, PROHIBITING FRAUDULENT ACTS COMMITTED RELATIVE THERETO, PROVIDING PENALTIES AND FOR OTHER PURPOSES SECTION 1. Short...
View ArticleThe DON’Ts when using a Credit Card
We have a separate list of important tips or must-do’s when handling or using credit cards. You must know many, if not all, of these reminders. It is better, however, to err on the side of caution, so...
View ArticleCredit Card DO’s: Important Reminders
The ease in getting a credit card these days, as well as the greater ease in swiping it to purchase goods and services in lieu of hard cash, inevitably results to various problems. Here are some...
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