Reply
Established Contributor
Jesedmotherof5
Posts: 537
Registered: ‎04-02-2008
0

Credit Protection???

Every credit card is pushing this LIKE crazy! Wamu is .79 cents per 100.00 is it worth it? I told them I was self employeed and he read a cue card twice to me saying if I gave them a letter from a third party such as my accountant... right now I am the accountant.. he reads again the same thing!
Hummm I said no three times and he kept going... just wondering if I made the right desision... Who eles is doing them, who isnt and what is your take on it?
6/9/08 FICO TU 697 EX698 EQ 618uti 6% (once new accounts hit) BIZ- DUNS 80, EX 35
GOAL 2008- 700s+ new car
2010 BE a first time buyer
Regular Contributor
specultr
Posts: 243
Registered: ‎11-29-2007
0

x

[ Edited ]
 
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007
0

Re: Credit Protection???

I look at it this way-
 
They might cover your min payment - 2% for most lenders-
 
So IF you carries a 1000 balance the Fee your be 7.90 every month
You min payment is $20 
 
So if you just saved the 7.90, every 3 months you would save enough for 1 months payment- 
 
Simple way- it's a rip-off !!!!!!!!!!!!!!!!

Jesedmotherof5 wrote:
Every credit card is pushing this LIKE crazy! Wamu is .79 cents per 100.00 is it worth it? I told them I was self employeed and he read a cue card twice to me saying if I gave them a letter from a third party such as my accountant... right now I am the accountant.. he reads again the same thing!
Hummm I said no three times and he kept going... just wondering if I made the right desision... Who eles is doing them, who isnt and what is your take on it?



Established Contributor
unknown_entity
Posts: 853
Registered: ‎03-21-2008
0

Re: Credit Protection???

A Huge Scam credit protection is.  Don't buy it.
07/26/2007 TU-688
EQ-656
EX-649
Established Contributor
Jesedmotherof5
Posts: 537
Registered: ‎04-02-2008
0

Re: Credit Protection???

Thats what I thought thanks guys... Im glad I didnt do it!
6/9/08 FICO TU 697 EX698 EQ 618uti 6% (once new accounts hit) BIZ- DUNS 80, EX 35
GOAL 2008- 700s+ new car
2010 BE a first time buyer

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+