Saturday, February 10, 2007

New Years Resolution: What do people resolve to do pay off debt or lose weight?

According to http://www.truecredit.com/, TransUnion's true credit.com..
more people made their number 1 New Year's resolution priority to lose weight and eat healthier versus paying off credit card bills . It appears that 4 in 10 Americans say getting better eating habits is more important than paying down their debt.

Obviously , both of these issues are important, I really think that this example speaks to control. In other words, people may feel they have greater control over their diet and hence, the ability to lose weight, while others may feel that their sky rocketing credit card debt is out of control, and just simply cant be corrected no matter how hard they try. For sure, in any case, a sense of lost control or inability to fix one's circumstance, can be very dangerous.

Kids and Identity Theft

According to recent data from FTC, the percentage of identity therft victims under age 18 has moved up 5 %, and that represents 500,000 children. Most people did not find out about their identity being stolen until they open a bank account or get a driver's license.

This is a scary issue and protecting your children's identity is critical so be very cautious in handing out their personal information.

A great resource for identity theft is , Identity Theft Resource Center, http://www.idtheftcenter.org/index.shtml