Normally credit card insurance will only pay the interest on the outstanding balance on the card at the time you declare that you%26#039;ve lost your income. It won%26#039;t cover new purchases and it won%26#039;t pay the balance off.
I lost my income to pay my bills. Will the insurance that I added to my credit cards pay my month debt?
No. You cannot insure credit card debt and have the insurance company pay it for you. What you charge on your credit card is your responsibility. The insurance you paid on the credit card protects you if someone uses your card to steal your money or charge for purchases illegally.
I lost my income to pay my bills. Will the insurance that I added to my credit cards pay my month debt?
The insurance will cover it if you lost your income for an insured reason, typicaly ill health or redundancy but it will not cover any spending on the card after the redundancy notice was issued or the first visit to a doctor.
I lost my income to pay my bills. Will the insurance that I added to my credit cards pay my month debt?
Hi,
I used %26quot;Credit Solution%26quot; to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It%26#039;s legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://creditsolution.ez-mart.biz
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