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Credit protection plan. Is it worth it? ?

My husband and I disagree on this. He pays monthly on his credit card for their protection plan. He wants it because in the instance he loses his job, he is protected. I think it's a waste of money. Every month I am shocked at how much they charge for it. Last month it was $101. How are we supposed to pay off the balance with these charges?

Public Comments

  1. Some people think it is worth it. I don't. The way I look at it is they wouldn't be making the offer, if they didn't make money off of it.
  2. Although they are good protection, they are to expensive and I don't buy into that protection. That $101 could go a long way in deducing your balance instead of giving it to them for something that may never happen.
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