Is Your Credit Card Company Using Your Purchases Against You?

Did you know that credit card companies, banks, and other lenders are increasingly using purchasing data to determine whether or not you are a good credit risk?

Imagine being denied a credit card, car loan, or even a home loan because some little pencil pusher in a back office somewhere doesn’t approve of what you buy using credit cards, your store cards, or even your bank account!  Believe it or not, it can happen.

Of course, there is an alternative – you can keep those prying eyes out of your business by using a prepaid card when you shop at places you’d rather keep to yourself.   Places like casinos, secondhand clothing stores, marijuana / smoking shops, adult book stores, certain sites on the internet…anywhere that might cast you in a less than perfect sight!

(A prepaid card is also a great way to LIMIT your spending when you go to the casino!  You can’t lose what you don’t have access to while you’re there!)