According to a recently released survey from the Federal Trade Commission, 13.5 percent of the adult U.S. population fell victim to fraud in 2005. Of the 30.2 million Americans that got scammed, credit cards were the payment method in 37 percent of all cases, making plastic “the most commonly used method of payment for fraudulent transactions.”
Hello, dear readers. I’m Emily, the editorial assistant and a blogger here at CreditCards.com. You may wonder how much a recent college grad could possibly know about credit cards and personal finance, but believe me, I have learned plenty of lessons on the road to adulthood. Through my job here I have also learned so much, and I am eager to share my new knowledge with other credit neophytes.
I grew up without much exposure to credit cards. My mom mostly wrote checks, and my dad (a criminal defense attorney) paid for everything in cash. I was taught to save until you could buy something, which is still a great lesson. My first major purchase was a Sega Genesis in first grade, which I still own (and still works). I painstakingly saved my $1.25 weekly allowance until I could afford it.