How to avoid credit card scams?

Credit card frauds are a nightmare for all individuals. According to the Federal Trade Commission (FTC), the most prevalent scam in 2020 was the credit card scam. The scammers stole around $149 million.

While knowing what to do if you’ve been a victim of credit card theft is crucial, practicing credit card safety from the minute you obtain a new credit card will go a far toward preventing credit card scams.

How to avoid credit card scams?

To fool you or steal your personal information, scammers employ various strategies. During times of crisis, such as the covid-19 outbreak, frauds tend to increase. Criminals try to take advantage of us when we are most vulnerable.

Knowing what to look out for often can help decision-making and avoid credit card fraud. Let’s look at some easy techniques to avoid being a victim of fraud:

Use only secure websites

A padlock will appear on the left side of the URL bar if the site is secure. Furthermore, the URL will begin with HTTPS. Any site that begins with HTTP is not secure. Don’t use a non-secure website to enter your credit card information. And a company that does not provide data protection to its consumers does not deserve your business.

Phishing

Scams can be delivered via phone, email, or text. The goal is to get you to divulge your banking details. Scammers may phone and claim to be from a reputable organization, such as a bank or the Social Security Administration.

Today’s frauds are pretty sophisticated in terms of technology. For example, you may receive an email with what looks to be your bank’s logo and believe it to be genuine. However, you can tell an email is fraudulent if it asks you to respond with your credit card account number.

You will never be asked to provide critical information in this manner by the government or a financial institution. If you see mistakes in the communication, you can tell if it’s a hoax.

Skimming

Skimmers are commonly used by credit card criminals to obtain your credit card details. Hackers try to hide these devices on ATMs and gas pumps so that they may “skim” data from your credit card’s magnetic stripe on the back.

Look for evidence of tampering when you pay for gas or withdraw money from an ATM. Pay for your petrol inside the store if you’re hesitant. If an ATM appears to have been tampered with, look for another ATM linked with your bank. Of course, if possible, use your EMV chip credit card, though not at an ATM.

No publicizing of personal information

Spend a couple of hours on any social media platform if you believe this does not need to be mentioned. Also, if you have older children who use the internet, have a serious discussion about this. Thieves scour social media for information about your life and finances that they can piece together.

Do not save your credit card details on the internet

Understandably, following this rule is brutal. Because you must pause, locate your credit card, and enter the account number, all of this is a time taking process. But, a data breach can happen even with merchants you know, so storing personal account information on the web is not a good idea. However, if you can type in your card account number every time, it’s an excellent approach to reduce your fraud risk.

Do not use public Wi-Fi

Since public Wi-Fi networks are frequently unsecured, you’ll be susceptible to hackers if you give out your credit card number or bank account information. In addition, scammers may be loitering in public places, waiting to pounce on an unwitting victim and take their data. So sit tight until you’re on a secure network to make any financial decisions.

Make it a habit to protect your credit cards

You can indeed be cautious about preventing credit card theft and still fall victim to it. However, by doing everything you can to prevent it, you will have significantly lowered your risk. First, check your online financial accounts multiple times a week to avoid credit card fraud. Look for evidence of shady transactions and report them right away. You’ll go a long way toward limiting the financial – and emotional – harm if you catch fraud early.

Summary

Credit card scams are a common occurrence these days. Hence the need to protect ourselves from falling victim to such scams. Taking safety measures such as avoiding making payments over public Wi-Fi, not having them auto-saved, not posting private data on social media, etc., can do a lot of help. But, at the same time, these things will certainly not protect you wholly but can lessen the impact of the scam.

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Learn the Most Convenient Car Financing Options

Once you have decided to purchase a car, worked upon your budget, and selected the model, the next part is all about auto financing. Even after having a good income source and a decent credit score, applying for an auto loan is a task. It is because there are so many factors attached to it. Car financing is a purchase that will affect your financial situation over the long run, and hence you can’t go wrong with the loan term or the overall financing cost.

Direct Lending vs. Dealership Financing: Your Choice

There are two main ways to finance your car:

1. Direct Lending Option

Direct lenders can be any third-party who has an individual loan approval process and interest calculations. You can get pre-approved loans from such lenders and have them on the table while negotiating with the car dealer. There are many types of direct lenders you can choose from:

a. Credit Unions

Credit Unions are non-profit financial institutions that charge a lower interest rate on car loans. Hence, they are a reasonable option to arrange money for your new car. But, credit unions provide car financing to their members only. So, if you want to enjoy the benefit of lower interest rates, start with your credit union. If you are not a member of any credit union, check if you fulfill the criteria to become a member of one of them.

b. Banks

Banks provide car financing at affordable rates if you qualify their loan approval criteria. They are the most popular source for car buyers to get their pre-approved auto loans. Nowadays, many banks offer an online application process to help you apply for a loan from the comfort of your home.

c. Online Lenders

Many online auto financing companies offer loans to applicants. You have to submit an online loan application, and you will receive an approval within two business days. The chances of getting an auto loan with an online lender are significant. They have a network of several dealers, banks, and credit unions. Thus, they provide the best loan quote to customers, even if someone has a bad credit score.

2. Dealership Financing

Car dealers can provide you with some of the best deals by reducing the list price of your car and offering you additional discounts if you apply for a loan with them. Dealership financing includes various financing options to choose from, but check the loan quotes in detail to get the best deal.

a. Captive Finance Companies

Few automakers like Ford and Honda have their own finance companies. They are known as captive finance companies, which provide loans to car buyers with lucrative offers such as 0% finance cost for initial months. But to get such loans, you need to have an excellent credit score. Hence, you should upgrade your credit score if you decide to go for it.

b. Buy Here, Pay Here

Often, Buy Here Pay Here Dealers will offer financing options to car buyers on their own. The dealers can earn additional income in the form of interest revenue. However, they also assume the risk of missed payments. Typically, if you have a poor credit history and want to buy a used car, you can opt for in-house financing with the dealer.

c. Financing arranged by Dealers

Often, dealers have tie-ups with third-party financial institutions such as traditional banks and credit unions to help their customers secure an auto loan. They assist in getting easy auto loan approval by helping the customer meet the loan criteria. It aids them in increasing sales and enables car buyers to make the purchase quickly.

What’s your Decision?

There are many financing options to buy a car. But, choose wisely after evaluating the interest rates available to you. Understand the terms and conditions in detail and discuss the repossession terms. Will there be a grace period in case you missed a payment? Is there a pre-payment penalty? Cover all aspects and then make a well-informed decision that suits your financial situation.

The Simple Process of GST Registration Online and it functions for Startup Business

The Purpose of GST
GST is introduced to eliminate many types of issues that were the results of the previous tax regimes in India. Indian Government has introduced it with the purpose to eliminate those problems and make the tax regime more effective and simple. Now know the mainly purpose of online GST Registration Pocedure for individual or companies as per their requirements.

Nationwide Accepted Market

Before the introduction of GST, Central and State Governments were involved into imposing different kinds of taxation rules and regulations. Each and every state in India has their robust taxation authority. They were imposing VAT, Sales tax, service tax, excise duty etc with the goods and services. This scenario has created huge parity of the price of different types of products and services. Due to this rule, investors were shied away to invest money in the country.

But now with the GST, the taxpayers need to go through a single tax regime, The GST across the whole nation. It helps to eliminate the huge price differences of the goods and services in here. This has given the chance to access Nationwide Common and accepted market for all.

Eradicate Tax Cascading Effect

When products and goods are taxed in every stage of production, transportation and delivery are called as Tax Cascading Effect. It increases the price of products many fold till reach to the clients. This system has caused to increase the inflation on economy. The introduction of GST helps to eradicate this tax cascading effect.

Benefits for Small Businesses

Under the GST, a unique plan has been introduced to assist small businesses. This is called ‘Composition Scheme.’ Under the scheme, small businesses can pay a certain percentage of tax on their turnover. Also, under this scheme micro enterprises need to file for GST on a quarterly basis. The GST rates under the ‘Composition Scheme’ as follows-

Companies with ¹1.5 Crore turnovers, need to pay only 1% GST.
Organizations with ¹6 Crore turnovers, need to pay only 6% GST.
Regulations for Unorganized Businesses

One of the most significant purposes of GST is to get the unorganized business concerns on deck. Under the previous tax regime, these unsystematic businesses were not paying any kind of tax. After the introduction of the GST, there was a 50% boost in GST tax collection of the indirect tax payers. The numbers of voluntary registration has been increased significantly.

Less Complicated Compliance

Previously, there were different kinds of tax regimes like sales tax, services tax, VAT and all these regimes had its own compliance measurements. The purpose of GST was to end all those complicated compliance assessments and bring all taxpayers under one system.

Types of GST

We have 3 types of GST in India.

CGST – Goods and Service Tax collected by the Central Government,

Types of GST

We have 3 types of GST in India.

CGST – Goods and Service Tax collected by the Central Government,

SGST – Goods and Service Tax collected by the State Governments, for intra-state transactions,

IGST – Goods and Service Tax collected by the State Governments, for inter-state transactions.

Documents Required For GST Registration
Get here list of the GST Registration Documents Kolkata you must be provide based upon on your business type of services which are you run in the financila market.

Documents for GST Registration of Individuals & Sole Proprietors

Mobile no and email ID
Aadhaar card of owner
PAN card of owner
Photograph of ownr
Bank account details
Proof of address
GST Registration Documents of Partnerships & LLP

Mobile no and email ID
Partnership deed
Address proof of partners involved
Aadhaar card of any authorised signatory
PAN cards of partners
Signatory’s proof of appointment
Photographs of partners
LLP proof of registration
Principal address proof of Business
Bank details
Documents for GST Registration of Companies

Mobile no and email ID
Incorporation certificate from the Ministry of Corporate Affairs
PAN card of Company
Memorandum/ Articles of Association
PAN card of Signatory
Appointment proof of signatory
PAN card of all directors
Aadhaar card of Signatory
Bank details
Address proof of all directors
Principal address proof of Business
Function of GST
The Functions of the GST can be explained with three different stages.

1st Stage

This first stage includes the Manufacture¹

The main stage includes the Manufacturer. For example, a fabric maker buys crude materials to weave a fabric. Assume the materials cost him Rs 500. Likewise, a measure of Rs 50 is forced as an expense. The producer would now be able to make attire. The maker joins an incentive to the materials over the span of creating the attire. Assume the worth added by the person in question is 200. Subsequently, the total estimation of the dress becomes ¹ 500 + 200= 700. 10% expense is forced on the material, so the assessment on yield on the apparel will at that point be Rs 70. Nonetheless, the GST framework will permit the maker to set off this duty ¹ 70 against the expense. This is conceivable since the individual previously paid for crude material and contributions of Rs 50. All in all, the usable GST will force on the maker just ¹20, i.e., ¹.70-50=20, consequently making GST an assessment forced distinctly on the worth added.

2nd Stage

In the second stage, the Distributor or Service Provider is included. In this stage, the merchandise dispatched from the producer to the distributer, a specialist co-op. Assume, the distributer gets it for ¹700 and connects a worth which is 100. The gross estimation of the wares the distributer sells would be an aggregate of Rs700 + 100= Rs 800. A 10% expense on this sum will be Rs 80. Be that as it may, the GST framework will permit the maker to set off this duty of Rs 80. This is conceivable since the individual previously paid the expense forced on the merchandise purchased from the maker (Rs 50).In end, the employable GST will force on the distributer just ¹30 (80 – 50).

3rd Stage

Stage 3 includes the Consumer. The item is bought by a retailer from the distributer. Likewise, he fuses ¹10 to their acquisition of ¹800. In this way, the gross estimation of the attire sold by the retailer adds up to ¹800 + 40= 840. The duty of 10% will add up to ¹84. At the point when the expense is set off against the duty on the acquisition from the distributer (Rs 80), the retailer achieves a decline in the employable GST by ¹4 (84–80). All in all, the absolute GST relevant on the whole worth beginning from crude material for example input providers, the people who are not qualified to guarantee tax break since they haven’t gained anything themselves from the maker, distributer just as the retailer add up to an aggregate of ¹ 50+20+30+4 = ¹ 104 , which is paid by the buyer.

How A Survey Consultant Can Help You Ask the Right Questions

Instead of hiring a professional survey consultant, many business owners or corporate managers attempt to design their own online omnibus surveys and execute and analyze the data themselves. But the most successful people in the world got that way by surrounding themselves with experts. That is especially true when it comes to taking advantage of knowledgeable market survey companies and the expertise of a trained survey consultant.

Use the right survey consultant and your surveys will pay for themselves many times over. But try managing an online omnibus survey with a Do-It-Yourself (DIY) approach and you’ll risk losing money, credibility, and customers. It happens all the time, thanks to poorly designed questionnaires, inappropriate sample frames, and questions that confuse data and contribute to misleading outcomes.

Any top notch omnibus survey company, for instance, will know how to ensure than the sample or surveyed audience is large enough – and sufficiently well-stratified – to get the insights you seek.
Meanwhile their survey consultants will create questions that yield more candid and factual responses by being easy to comprehend yet psychologically sensitive to the concerns of consumers being surveyed.
When surveys don’t flow well or when they delve into sensitive issues, people may fill them out with information that is inaccurate. Instead of responding to the question the way it was intended, they instead answer in a way that they think is socially acceptable, will make them appear more intelligent, or will preserve their privacy and anonymity.
Fail to understand these dynamics and it can not only mislead, but it can cause you to launch an expensive ad campaign or product line that misses the target entirely.
But the skillful survey consultant will design a survey that allows respondents to answer clearly and truthfully, will embed quality controls to ensure the integrity of the output, and will set timelines and reporting benchmarks to ensure the data is fresh when it is time to use it to make those all-important decisions.
A professional survey consultant can also do fast, flexible analysis. Many times the results of an online omnibus survey will need to be interpreted clearly in very short order. Providing quick, accurate analysis of omnibus survey results is often one of the most valuable aspects of the survey consultant’s service.
The survey consultant can also monitor response rates and adjust the sample to keep up with slower completion rates, for instance, or augment sample to allow for deeper analysis of interviews from key groups of respondents whose data would otherwise be obscured by statistical white noise.
In today’s world of sophisticated online omnibus survey tools and survey company technologies the power of world-class market survey companies cannot be overestimated. Let them conduct your next survey – and ask the right kinds of questions – to really uncover answers that illuminate your vision. Don’t rely on guesswork, but engage the services of online survey companies and a professional survey consultant.

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