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10 financial urban legends

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Old Aug 8, 2006 | 08:53 AM
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Default 10 financial urban legends

Writing checks in red ink won't prolong the float, and yes, you really do have to pay income tax. Here'* a look at these and other lingering myths.
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Old Aug 8, 2006 | 10:07 AM
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Now you tell me.... :(
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Old Aug 8, 2006 | 07:34 PM
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I don't sign my credit cards either... and in 10 years only a handfull of cashiers have asked for picture ID, like they are supposed to if the card isn't signed.
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Old Aug 9, 2006 | 08:41 AM
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Originally Posted by popatim
I don't sign my credit cards either... and in 10 years only a handfull of cashiers have asked for picture ID, like they are supposed to if the card isn't signed.
There are a few places here, like the U.*. Post Office for instance, that will not accept a CC if it is not signed.

FYI, a way to both sign it and ensure that they ask for ID, is to sign it and then write "Ask for ID" on the same line. I know of some people who have done that.
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Old Aug 9, 2006 | 02:28 PM
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a credit card that isnt signed is void. whether the merchant wants to accept it or not is up to them. asking for photo ID is tricky though, bc visa wont let ask for ID if the card is signed (unless the person has compared signatures first).


i sign my cards and write CID next to it. no one asks for ID, but its really the best thing to do.

on a sidenote: i work at the jewelry counter. any time someone pays with a credit card, i ask for ID if i can. if the card is signed, i cant refuse a card unless signatures dont match. and its got to be very obvious.
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Old Aug 9, 2006 | 02:32 PM
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I just write Ask for ID but I've yet to have anyone look at the back of the card. Most of the people know me where I shop so they know my credit is good
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