Kiva

Posted by: d-elvis

Kiva - 09/07/07 02:31 PM

http://www.kiva.org/app.php

Loans that change lives. For as little as $25 you can help a small business in a developing country.

Take a look.
Posted by: AOR

Re: Kiva - 09/07/07 07:37 PM

Interesting...

But, I think if I were to participate, I'd rather use a check than use a credit card for obvious reasons.
Posted by: Dillbag

Re: Kiva - 09/09/07 02:17 AM

Umm... What is (are) the obvious reason(s)?
Posted by: Mike Rawdon

Re: Kiva - 09/09/07 01:08 PM

 Originally Posted By: Dillbag
Umm... What is (are) the obvious reason(s)?


Send me a PM with your credit card number and expiration date and I'll tell you what I think he's referring to.
Posted by: AOR

Re: Kiva - 09/10/07 01:46 AM

Exactly...

Look, I'm not saying Kiva is a bad thing. I'm just saying that I don't want an entity that does the majority of it's business with third world countries having possible unrestricted access to my credit card. That shouldn't be too difficult to understand.

I would just do a little more research before committing to something like..."Hey, this seems like a good idea and it's on the internet, so it's gotta be legit...right?. So, here's my credit card number".
Posted by: Dillbag

Re: Kiva - 09/10/07 02:49 AM

 Originally Posted By: Mike Rawdon
 Originally Posted By: Dillbag
Umm... What is (are) the obvious reason(s)?


Send me a PM with your credit card number and expiration date and I'll tell you what I think he's referring to.


But, you don't have a fancy website... And are not (as far as I'm aware) endorsed by the New York Times (which last time I checked was pretty damn well respected)...
Posted by: MarcC

Re: Kiva - 09/10/07 03:25 AM

 Originally Posted By: Mike Rawdon
 Originally Posted By: Dillbag
Umm... What is (are) the obvious reason(s)?


Send me a PM with your credit card number and expiration date and I'll tell you what I think he's referring to.

If I did that, I'd have a far easier time getting the charges annulled than getting my money back if I gave you a check.
Posted by: strat

Re: Kiva - 09/10/07 12:14 PM

As a rag that manufactures data?
Posted by: Dillbag

Re: Kiva - 09/10/07 12:16 PM

You're a rag!
Posted by: empicard

Re: Kiva - 09/10/07 12:54 PM

 Originally Posted By: Dillbag
 Originally Posted By: Mike Rawdon
 Originally Posted By: Dillbag
Umm... What is (are) the obvious reason(s)?


Send me a PM with your credit card number and expiration date and I'll tell you what I think he's referring to.


But, you don't have a fancy website... And are not (as far as I'm aware) endorsed by the New York Times (which last time I checked was pretty damn well respected)...


are we talking about the same news paper that had to fire its editor for making stuff up?
Posted by: Dillbag

Re: Kiva - 09/10/07 02:16 PM

No... The other NY Times...

Geez, and seriously, how hard is it to dispute a charge... Isn't that what all the fancy fraud protection on credit cards is for?

I guess if you don't read your statements... You'd get screwed...
Posted by: quanto_the_mad

Re: Kiva - 09/10/07 02:16 PM

There is no way I'd use a check for anyone I didn't know personally. With a check, they have not only your account number, but also your signature. They can easily forge checks, or just use the routing/account number to order stuff only.

When a thief steals a CC#, they are stealing from the credit card company. The credit card company is protecting it's own assets when they fight credit card fraud. On the other hand, when a thief steals checks, they are stealing directly from you. The bank has no incentive to protect your money.

A friend of a friend got her checkbook stolen, and several checks were cashed. The bank basically did nothing, she had to get the FDIC involved, and it took several months to get her money back.

Be wary of using checks, it gives thieves direct access to your money.
Posted by: Daniel

Re: Kiva - 09/10/07 04:14 PM

 Originally Posted By: empicard
are we talking about the same news paper that had to fire its editor for making stuff up?


Yes, we should all be judged by our biggest mistake, regardless of whatever else we may have done or gotten right on a regular basis. ;\)
Posted by: AOR

Re: Kiva - 09/10/07 04:25 PM

You'll most likely find MUCH less fraud, theft and the like with the use of a personal check. And, to be honest, I've very, very rarely heard of someone writing a check then having their account compromised just by using the information on that check. I know this because I've worked in the business for quite a few years. Just having your routing number and account number is normally not enough to elicit a fraudulent act, you'll need much more personal information than that.

You're right, checks can be forged. But, this is quite an operation, time consuming and normally not done with a personal check. The criminal element want to forge corporate and/or business checks as that is where the money is located.

When your friend's friend had her checkbook stolen, she was the victim of a theft by having someone who wasn't her write a check against her account. Period. She was not the victim of a theft via the routing/account number, etc.

As I certainly understand your point about having the credit card company reimburse any "lost or stolen" monies, I would much rather use a check in this (Kiva) circumstance than have my credit card number compromised. My credit score is much more important to me.

So, when you say:
Be wary of using checks, it gives thieves direct access to your money.

I just don't fully agree with that statement.
Posted by: oenophore

Re: Kiva - 09/10/07 04:26 PM

Yes, we should all be judged by our biggest mistake, regardless of whatever else we may have done or gotten right on a regular basis.

To do otherwise would deprive Ann Coulter of her livelihood.
Posted by: Mike Rawdon

Re: Kiva - 09/10/07 06:28 PM

 Originally Posted By: quanto_the_mad

A friend of a friend got her checkbook stolen, and several checks were cashed. The bank basically did nothing, she had to get the FDIC involved, and it took several months to get her money back.


OK everyone, repeat after me: "Hello bank? I'd like to stop payment on a check." It's that simple.
Posted by: quanto_the_mad

Re: Kiva - 09/10/07 06:32 PM

 Originally Posted By: Mike Rawdon
 Originally Posted By: quanto_the_mad

A friend of a friend got her checkbook stolen, and several checks were cashed. The bank basically did nothing, she had to get the FDIC involved, and it took several months to get her money back.


OK everyone, repeat after me: "Hello bank? I'd like to stop payment on a check." It's that simple.


What check number are you going to tell them to stop? Thieves can print up checks with any number they want on it.
Posted by: MarcC

Re: Kiva - 09/10/07 06:56 PM

 Originally Posted By: quanto_the_mad
 Originally Posted By: Mike Rawdon
OK everyone, repeat after me: "Hello bank? I'd like to stop payment on a check." It's that simple.


What check number are you going to tell them to stop? Thieves can print up checks with any number they want on it.

Although a pita, especially if you have direct deposit and/or automatic bill paying set up, the best course of action with a stolen or lost checkbook is to close that account.
Posted by: quanto_the_mad

Re: Kiva - 09/10/07 07:23 PM

Definitely, if you know you've lost your checkbook.

But if someone steals your account info and has checks printed up, you won't know until after the money is gone from your account. At that point, you're at the mercy of various state laws and bank rules, there's no federal protection as there is with credit cards.

AOR might not see it, and it is definitely much less prevalent than CC fraud... but it does exist, and the point is why risk it? That's why there's money orders and cashier's checks.

Furthermore, why risk your credit card number either? Get a prepaid credit card or a virtual card number and use those. Especially with those places that surreptitiously "renew" your "account".