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Consumer Reports: Consumers Union
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Moderator's Comment: Will Consumer Reports' recommendation that at-risk groups avoid all consumption of canned tuna have an effect on sales? Which source do you think consumers are most likely to trust on the canned tuna consumption question? - George Anderson - Moderator
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The Consumer Reports survey says 89 percent of respondents want the government to step in and restrict the use of the numbers. And, the poll says 87 percent of consumers claim to have been asked in the past year to provide their Social Security number, in whole or in part.
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-- Consumer Reports conducted a survey that focused on 21 credit card issuers. It found that credit unions' credit cards ranked higher in customer satisfaction than the five major credit card companies -- Bank of America, Citibank, HSBC, Capital One and JP Morgan Chase -- which jointly comprise 80 percent of the credit card market.
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Consumer Reports' investigation found that, in comparison to employer offered insurance, individual insurance sucks and it's expensive. Here's the results of their survey, published in the January issue, asking consumers about their experience with both types of insurance.
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Consumers should consider purchasing credit monitoring services only after reviewing the contents of their free credit reports, and perhaps one or more credit scores. The sites selling such services say they help protect from identity theft and fraud. But their effectiveness is limited, and neither the U.S. Federal Trade Commission nor consumer groups, including Consumers Union, endorse or recommend them.
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Research by Consumer Credit Counseling Service (CCCS) of Greater Atlanta, Inc. shows that homeowners it is counseling to prevent foreclosure report an average monthly mortgage payment of $1,573, a 42% increase compared to the $1,110 monthly payment reported in 2006. CCCS of Greater Atlanta is a nonprofit credit counseling agency that serves consumers across the United States.
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