Tag Archives: credit protection

CFPB to Look Over Credit Protection Products Sold to Consumers

One of my favorite blogs, the Consumer Law & Policy Blog announced this morning that the GAO has completed their report on credit and debt protection products sold to consumers by credit card companies. You know, these are the credit protection plans that are sold to cover you in case you can’t pay the bill [...]

Class Action Filed Against Citigroup for Selling Credit Protection and Payment Protection Products

A class action lawsuit was recently filed against Citigroup for credit protection coverage sold along with their credit products. The service is also known as credit protect, credit protector, payment protector, PaymentAid, PaymentAidPlus, payment protection, and credit protection. The suit was filed by Golomb & Honik, P.C., 1515 Market Street, Suite 1100, Philadelphia, PA 19102, [...]

Watch Out for Calls Promising a Refund of Credit Protection Payments

Be on the look out for an up and coming scam where callers pose as employees of credit card companies and promise you a refund for credit protection insurance you may have paid for. They will ask you for your credit card and banking information in order to process the refund. It’s a scam. Any [...]

I Had a Chase Credit Protection Plan But They Didn’t Cover Me. – Jaimie

Jaimie “Dear Steve, I have been a Chase customer for 3 or 4 years now. I started with the 0% introduction APR, and then went to 12%. My limit is $5800, and I put my tuition on the card so I have a balance of $5,000. I have ALWAYS paid on time, and most of [...]

Credit Card Approval – Just Because You Need to Laugh

I recently ran back into an old acquaintance, Ted Goff, who is a brilliant cartoonist. Ted has some really great work dedicated to the credit and debt fields and I wanted to share them with you. Ted gave me permission to share them and I hope they either put a smile on your face or [...]