kitten
7-19-12, 11:29am
I love this - Captital One has to pay back a bunch of money to card holders who were strong-armed into buying bogus credit protection programs.
http://www.huffingtonpost.com/2012/07/18/how-you-can-benefit-capital-one-settlement_n_1684124.html?ncid=edlinkusaolp0000000 3
This just happened to me with a different company. I opened a store card, and when I activated it I was routed to a person who started reading me paragraphs of scripted copy in an attempt to sign me up for credit insurance in case of loss of employment or death. I was trying to end the conversation, but when I realized she had just stated that she was all ready to sign me up, I freaked out. I told her I didn't want the add-on, but I'm still not sure if she heard me. I think it's possible she signed me up for it anyway. (I should probably close the damn card, why on earth do I need a store card? I'm trying to end my dependence on credit!)
The consumer protection agency that put the screws to Capital One says the settlement is a victory for consumers in general. They're hoping that what happened to this big card-issuer will give other credit companies pause as they pursue their aggressive add-on strategies...
http://www.huffingtonpost.com/2012/07/18/how-you-can-benefit-capital-one-settlement_n_1684124.html?ncid=edlinkusaolp0000000 3
This just happened to me with a different company. I opened a store card, and when I activated it I was routed to a person who started reading me paragraphs of scripted copy in an attempt to sign me up for credit insurance in case of loss of employment or death. I was trying to end the conversation, but when I realized she had just stated that she was all ready to sign me up, I freaked out. I told her I didn't want the add-on, but I'm still not sure if she heard me. I think it's possible she signed me up for it anyway. (I should probably close the damn card, why on earth do I need a store card? I'm trying to end my dependence on credit!)
The consumer protection agency that put the screws to Capital One says the settlement is a victory for consumers in general. They're hoping that what happened to this big card-issuer will give other credit companies pause as they pursue their aggressive add-on strategies...