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Don't buy credit card insurance

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  • Hopperbin
    Senior Member
    • Dec 2007
    • 6562

    Don't buy credit card insurance

    http://www.bankrate.com/financing/credit-cards/credit-card-gripes-still-rife/?ec_id=m1078091

    According to this, people have bought insurance for credit card debt but when it comes time to claim the 3rd party does not pay.
  • Integrity_Farmer
    Senior Member
    • Mar 2011
    • 428

    #2
    Wow, what underwriter would offer insurance for CC debt.

    That would be a sure fire loser.

    Comment

    • Hopperbin
      Senior Member
      • Dec 2007
      • 6562

      #3
      Well Integrity Believable Trustworthy farmer, don't you get phone calls that want you to purchase insurance on your credit cards? Well just saying this link indicates that if you have purchased insurance that the provider may not even pay if you are in a claim position.

      Comment

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