Dawn Allcot , Author at Money Crashers

Bank Failures — Warning Signs, Consequences & Protection Strategies

Dawn Allcot — Fri, 15 Sep 2023 17:00:00 +0000

Navigate the complexities of bank failures with our comprehensive guide. Learn early warning signs, and what steps to take to protect your assets in 2023.

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Is Your Money Safe in U.S. Banks and Credit Unions?

Dawn Allcot — Tue, 25 Jul 2023 22:00:00 +0000

Since the Silicon Valley Bank implosion, a lot of people have begun to wonder if their money is truly safe in banks. Fortunately, there are systems in place to ensure bank failure doesn’t lead to the types of personal catastrophes we saw during the Great Depression.

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How to Use a Credit Card Responsibly — Mastering Fiscal Prudence

Dawn Allcot — Tue, 18 Jul 2023 13:00:00 +0000

Like getting your driver’s license or starting college, opening a credit card signifies a milestone of adulthood. With responsible credit card use, your credit score rises, leading to lower interest rates on things like car loans and a mortgage. But first, you have to use it responsibly.

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Should You Open a Bank Account for Your Young Child?

Dawn Allcot — Tue, 04 Jul 2023 15:00:55 +0000

If you’re ready to teach your child about money management, giving your child their own debit card and allowance gets them off to a good start. But there are advantages and disadvantages.

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Why Was My Credit Card Declined? — Reasons & How to Stop It

Dawn Allcot — Thu, 18 May 2023 17:00:00 +0000

Your transaction seems to be taking forever to process as the line at the register grows behind you. The terminal emits a loud beep and that dreaded word, “declined,” appears on the screen. Now what?

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What Age Can You Open a Bank Account?

Dawn Allcot — Fri, 12 May 2023 13:00:00 +0000

Back when most of us were younger, we didn’t discuss money. Things seemed simpler then. Today’s parents take a more active role in teaching kids about their finances. And we’re left trying to figure out the right age to let our kids open a bank account.

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Active-Duty Alert (Fraud Prevention) — What It Is & How to Set Up

Dawn Allcot — Wed, 26 Apr 2023 20:25:23 +0000

An active-duty alert tells potential creditors and lenders you’re deployed and they should verify your identity before giving you credit. It’s a handy tool when you’re serving your country away from home. But there are other options for locking down your credit report. Which one’s right for you?

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Fraud Alerts on Your Credit Report — Types & How They Work

Dawn Allcot — Wed, 26 Apr 2023 18:11:16 +0000

Are you concerned about identity theft and credit card fraud? Placing a fraud alert on your credit report is one option. Find out whether it’s the best option for you and whether you need a regular or extended fraud alert.

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7 Easy Steps to Switch Banks without Worry

Dawn Allcot — Wed, 02 Mar 2011 00:45:19 +0000

If, like many Americans, you’re fed up with big bank fees and poor customer service, you might be considering other options when it comes to banking. Three of the most popular alternatives are online banks, credit unions, and small local banks. While switching financial institutions is a good idea in the long run, the initial

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