Payment Protection Plans Horrible for Consumers. Banks Love Them.

We’ve all seen them. Those offers to cover us if we are sick, laid off or injured and unable to make our credit card payments. Over the years, for every one person that has told me they have received some payment or benefit from the program, there have probably been 500 more that have not. … Read more

Do I Need to Sue Capital One Over My Payment Protection? – Christopher

“Dear Steve, I have had a Capital One card with the Payment Protection for some time until in May 2007 I was involved in a car accident which rendered me totally and permanently disabled. Payment protection for capital one told my wife to wait 30 days to fill out activation forms. We sent them in … Read more

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, … Read more

Capital One Payment Protection Isn’t Covering Me. – Danielle

“Dear Steve, I lost my job in November of 2008, the day after it happened I called Capital One ( which I had 2 credit cards with) to activate my payment protection on both cards. I had both cards for at least four years & paid for protection on both. I was told I had … Read more