The Truth About Credit Protection

Filed Under (Accounting) by admin on 25-01-2010

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Former MBNA employee Cate Colombo tells us how assign endorsement is meet added artefact for assign bill companies to wander you discover of your money. … Credit Cards Americans for Fairness in Lending Card Scams AFFIL MBNA Bank of USA

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Comments (11)

I think she is great for comming forward about these money selling scams. Unfortunately people bought it. Call those people stupit? No, because the bank employees led them to believe “it was the right thing to do.”

The maximum plan balance is only 25,000 dollars how ever there is another plan that would cover you regardless of the balance you have… and that would cost you 19.95 cents amonth the plan balance is up to the maximum of 25,000 only…

Incorrect, Credit Protection Plus has a capped free of $237.50 equivalent to the balance of $25,000.00. If you do carry a balance of $50,000 Credit Protection Plus will actually make the minimum payments for that balance.

Please due your due diligence before posting inaccurate information.

yeah.. wtf is wrong with this woman?.. she’s obviously dont know what she’s talking about…

oh.. really? i am also selling CPP.. btw, the maximum amount that this CCP can coveris only 25,000 dollars.. so it’s not good to say 30,000 dollars… :D

another way to screw the customer…It’s such a gimmick…Good for her for becoming a former employee

i sell credit protection plus and Deluxe EVERYDAY on the phone for Bank of America BTW i sold 6 CPP to BOA card holders today :) n yeah CPP is suchh a rip off trust me

Discover Card just screwed me with their Credit Protection. Despite the fact that I never (save 2 months in my life) carry a balance they would not take no for an answer and signed me up. Then they would not remove the charge, which was high for that month since I put my auto down payment on it – which was paid if off with the next payment. So I was screwed for about $40, despite trying to get rid of their cooked salesman, but I hope to get even. Now I have stopped using their card entirely.

Someone needs to shut this woman down. Adomini24 is right
First up Credit Protection, Credit Protection Plus, and Credit Protection Deluxe will cover your minimal payments. The way it is being calculated by your total balance times one percent times the interest rate that you are paying now and the product pay for the minimal payment per month.

JP Morgan Chase has the exact same program. So does every major credit card company.

credit protection is a complete scam. I am so glad that someone put this up there. I too am a former employee as well and knew how the customer was always gettings screwed eventhough they said “think of yourself as a customer”

Credit protection is 95 cents for every 100 dollars that you owe on the card, but now it pays the full minimum payment, not 15 dollars irregardless.

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