Children are increasingly falling victim to the identity theft epidemic (78% increase rate) and families are largely unaware their children have been offended. Children continue to be victimized for years until as a young adult, they are denied services when seeking credit to pay for college or a car loan, applying for a job, or trying to get a drivers license.

PQS conducted a study of parents with children under the age of 16 and found that out of the 500 families surveyed, none of the families monitored their childrens credit records, to determine if they had been victimized.

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Author: Cornie Herring

Most people won't be able to escape from debt. It could be from the use of credit card, mortgage, education loan, car loan or personal loan. Initially, those are good debt because you use it to get something you want and you repay them on time. However, it may turn into ugly bad debt when you can't pay them consistently and you delay or default the payment. It will become a nightmare that chases after you day by day until you pay it off. Don't let yourself to trap into a bad debt situation, apply the 4 money principles below for a complete financial makeover:

Principle #1: Saving fund for emergencies & retirement

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A common commercial on TV, especially these days, are ones touting refinancing your home mortgage. What oddly enough aren't too common are the commercials that talk about refinancing auto loans. Basically, the need for auto loan refinancing is the same, with benefits that include lower payments and more manageable interest rates. With a lower interest rate, it helps to save drivers money, which is particularly useful in today's economy.

There are good places to find information on refinancing an auto loan. One is Bankrate, which is a website that gives information on lenders in your local area. There's even an auto loan calculator to compare new payments to your existing monthly payment.

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