January 26th, 2009 
Vijaianand Costco recently started providing free Tech support for all the electronics like Computer, Digital Cameras, Television sets, Surround System and lot more bought from Costco. It’s totally free of charge and you can call them anytime and get valuable information if you are stuck installing anything..
But I don’t know whether they will be able to help if you get a Windows Blue Screen 🙂
January 15th, 2009 Vijaianand Late 2007, a virus broke out from nowhere. Everybody knows where it came from but nobody expected its sudden appearance. It wasn’t really a big scare until its effects started creep in different areas of economy to take the real tool. That virus was Subprime Mortgage virus as I like to call. It slowly turned as a credit crunch epidemic affecting the US economy first, bringing it down the wall street from its shining gloom days. DOW fall from 14,000 points to almost close to 7000 points in just a year’s time
(Image courtesy from lifeandinsurancenews.com)
Epidemic spreaded all over the world now. The first half of 2008, big banks like WAMU, Indymac, Wachovia, decades old financial institution like Bear Sterns, Lehmann Brothers all fall as victims followed by Insurance companies, Manufacturing industries, auto industry and many more struggling to make their living in US. Mergers, take overs, job loss and lay offs are effects of this epidemic. It is
US government has struggled and still struggling in many ways by offering bail out money to help affect people and banks, cutting interest rates, loans to banks and much more. But they couldn’t able to stop the effects till now.
Later half 2008, we started hearing news from Europe with their banks falling short of their business then now its Asia.Economic condition of many developing countries are now in a downhill state. The damage is so severe it is going to take years for the countries to get back in shape.
Stock market fall and down economy is a cyclic effect like many financial analyst call but the way it fell this time totally different and bad compared to previous depression and falls. But the Subprime virus in a way did some good like the real virus which always brings out good medicine and inventions.
This subprime mess and credit crunch tested the limits of many companies bringing some of their wrong doing’s and giving them punishment by eliminating them as their weak to withstand. By doing so, it is slowly creating a safest environment filtering, survival of the fittest.
On the other side, it is also working for the good to show the culprits by bringing them to the surface, some example including Bernie Madoff Ponzi scheme and the recent episode of India Satyam Companies Accounting fraud. Satyam company was the 4th largest IT company in India having ties to many international companies as their outsourcing hub last his share value in just 2 days and black listed from all the markets. It is the first ever biggest scam in India’s corporate history. It is named as Indian’s Enron and its CEO who brought this mess is now called as India’s Madoff.
I didn’t share anything new except expressing them in a way we all can understand. As per many, this credit crunch epidemic is not over yet. Europe and Asia are just starting to see the effects of this virus. So we are yet to see some worse conditions until it starts to show some positive signs as many analysts concur.
Today’s stock market financial sectors fall is yet another indication for more bad days ahead for finance institutions. Watch out and play safe in your investments as the field is really getting bad out there. As I told in my previous blog, Think Positive. There are always opportunities open up during these tough crisis times. Warren Buffet made money by buying during these kinda of tough times. So look out and make use of it. Opportunities can only knock your door, it you who want to check and grab if it’s suitable for you.
Try to continue on your financial goals like Emergency funds, Kids savings or Retirement Planning and Investing. Financials Stocks are way down but are they good to buy. I am buy good ones by dollar cost average using Sharebuilder.com. You can also do your analysis and choose the right stocks. In few years(5 or 7), you are sure to reap the rewards.
December 7th, 2008 Vijaianand This post, I am going to talk about how to manage your credit card, how to handle it safely, what are the ways identity can be stolen in real world and What to do when credit card is stolen.
1. Whether you are a student or smart adult, you better make up your mind and plan before start using your first ever credit card. You should plan on how to spend and how are you going to make payment to your charges. It is as simple as it.
2. If you are already an experienced credit card user, I don’t have to tell you anything except be cautious at this credit crisis time. Many banks these days are changing their agreement and how they operate their credit card business. They are jacking up on their ATM charges, so try not to take money out using your credit card. Just use for purchases.
3. Be wary and very careful not to go beyond your credit limits. You might end up paying hefty charges which is the norm but it might be more expensive these hard days as many banks have increased their charges.
4. Check the fine prints which comes to your mail box from credit companies all the time. Don’t throw it out or tear them off. Read them careful if you are really using the credit cards.
Precautionary Measures
Precaution is always better than cure. You can avoid all your worries if you can just take a little of precautionary measure before something bad happens.
1. Don’t carry too many credit cards in your wallet to show off. If you end up losing your wallet, your identity is at the mercy of beholder(thief).
2.Take a Wallet Blueprint – Write down all the credit card numbers and its corresponding 1-800 numbers to call when its lost. Try to write down all other things you carry in the wallet to help out in rare situation when it is lost.
3. Always keep upto date on your credit card statements by signing in online as many banks offer it as free service. You never know bad times hit, these thieves are very smart. So checking often helps you to be act fast instead of waiting for a monthly statement to arrive.
4. Don’t use every card for online purchase. Analyst suggest to keep one card designated for online purchase, that way you don’t have to deal with too many problems at the same time.
5. Check your credit report regularly using credit report services or from the free credit report website http://www.annualcreditreports.com/
6. Opt-out of any credit card offers which is a pain in the first place but it also helps to see whether you are getting a good balance transfer offer. So its upto you whether you want to go thru the pain or not.
7. Shred your mails instead of just throwing them. If you don’t have a shredder, try to atleast tear them tiny bits and pieces.
Thieves Tricky ways
Identity theft is the number one crime in American and even in entire world. It is mainly caused by credit cards. Bad days never knock your door asking for your permission to show up in your life. It just comes and you won’t know when and which avatar it shocks to wet your pants off. These are some common ways thieves steal your identity,
1. Stealing your Wallet with SSN Card and Credit card from your car
2. Cheque books from Mails or Mail box
3. Bills and documents from Trash
4. Scam emails
5. Emails from Classified website which you posted to sell or buy
6. Emails from Phisher pretending like a Bank or mortgage company
7. Calling Kids and offering freebies to gather information
8. Phone call from Banks for SSN info
9. ATM Machines
10. Film Rental Machines
11. Online shopping stores
12. Changing rooms in Mall
13. Parking lots – Underneath your car
14. Pickpocket in Malls by distracting you and so much more.
My Credit Card is Stolen, What to do now?
If it just your credit card stolen, don’t panic. Call your credit card company and report the lost or stolen credit.
If you lost your wallet which had SSN card and everything,
1. Call the local sherrif department or police station and file a compliant.
2. Call all the credit card companies to intimate that your card is stolen and ask them to deactivate it.
3. Call the credit card bureaus and put a freeze on your credit report
4. Put a fraud alert with Credit Bureau as well. Please do everything in writing and send mails via certified mail.
To make your life easier, there are lot of Identity Protection services like Lifelock.com which can help you to stop your identity theft and act on your behalf to stop the leak.
That concludes the series of blogs about IDENTITY THEFT and CREDIT CARDS. I hope it enlightened you all with some useful information and ways you can start using to protect your identity. Please don’t hesitate to add comments and send me an email if you have any questions.
Happy Holidays to all of you!!!
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