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The Clark Howard Podcast

9.30.19 Another reason not to use debit cards; Payroll company scam; Hotel deals are coming

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.65.2K Ratings

🗓️ 30 September 2019

⏱️ 37 minutes

🧾️ Download transcript

Summary

Over the last week, there have been several stories published about why you should stop using a debit card. When you present your card in person, the merchant is protected. But when you shop online the liability moves from the banks to the merchant. The MRC reports that now over 8 in 10 cards have been compromised. If you carry 5 cards, crooks have the goods on 4 and may get around to using them. That exposure includes debit cards, enabling the criminal to strip the funds out of your checking account, leaving you to fight with your bank to get that money back, which is becoming increasingly more difficult. A special warning for small to midsize businesses. Recent press recounts a bust-out by a payroll company. Once this company had a healthy roster of clients, they vanished in the night stealing $35M. A crooked company could destroy your business and/or employees. Ask: How are payrolls protected? What insurance do you have? How do I know I can trust you? Ask these questions before you choose a company that may leave you, your company and workers high and dry.  Renting apartments and hotels has not been a bargain in recent years. Apartment rates have been going up since 2011. Hotel rates have risen since 2012.  Both sectors have been building like crazy. There's an enormous stream of apartments coming online leading to oversupply and better deals. The hotel sector has been overbuilt at a frenzied pace, even as business travel is slowing.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I race for life for my mom who was diagnosed with bowel cancer.

0:04.0

I race for life for my best friend who would lose to her.

0:08.0

I race for life for my dad who's living with prostate cancer.

0:12.0

I race for life for everyone who's in cancer.

0:17.0

Who will you race for?

0:19.0

Sign up to your local event at raceforlife.org

0:23.0

And together we will be cancer.

0:27.0

Imponorship with Headline Sponsors Standard Life.

0:36.0

I'm so glad you're with us here on the Clark Howard Show

0:39.0

where it's about you learning ways to keep more of what you make.

0:43.0

Clark.com's our main website, ClarkDeeals.com, is our bargain site

0:48.0

where we post deals for you around the clock.

0:51.0

Coming up later in today's Clark Regis moment, your employer,

0:56.0

sets up your payroll, sends the money to pay it,

1:00.0

but you don't get paid.

1:03.0

Wait till you hear the dangers that are existing out there

1:08.0

with payroll and payroll services.

1:12.0

Coming up you later, there's room at the end.

1:17.0

Too many rooms at the end, and I want to tell you the strategies

1:21.0

you need to know in order to take advantage of the hotel

1:26.0

market over building and demand slowing at the same time.

1:30.0

I'm seeing lower prices.

...

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