Comments on: Another Reason to Watch Those Credit Card Statements

By: Nichole

Nichole — Tue, 16 Sep 2008 04:42:55 +0000

I just read about this a week ago. They have actually figured out the mathematical formula that goes into creating CC#S. The first 6 digits tell you who the issuer is, and then the other digits follow a formula that I will not repeat here. There are sites that teach the formula, and I used it on my own cc#s numbers to see if it was a true formula, and yes it is! I was so shocked@! So there is a method to their ‘Not so random” number hunting.

I have email alerts as well, and I have started really checking the balances every month. I also started making screen shots of payments made etc. in case of errors.

By: Tricia

Tricia — Sun, 14 Sep 2008 14:41:38 +0000

Tina – I am still a little nervous about giving them my bank account info. So, right now I only use it for my credit cards. I have been impressed with that, so I may input other info. I’m just not there yet

Mint is free to use, but they do make their money from advertisements. They also give suggestions (like a credit card with a better rate). If you use their suggestions/link – they make money off of that as well. But that helps to keep the site free to use.

By: Tina

Tina — Sun, 14 Sep 2008 12:23:38 +0000

I’ve signed up for Mint but I am nervous about giving them bank account numbers so I haven’t used it yet. Did you have any concerns? Do they make their money off of advertisements? Thanks for any input.

By: Pooja Sood

Pooja Sood — Sun, 14 Sep 2008 11:41:51 +0000

well said. I’ll definitely follow your advice too.

By: JW Thornhill

JW Thornhill — Sun, 14 Sep 2008 10:28:00 +0000

I’ve been using Mint for a few months now and it is AWESOME!

By: Abigail

Abigail — Sun, 14 Sep 2008 03:48:42 +0000

Wow, that’s just terrifying. Thanks for the heads-up!