Payment Protection Will Fail You
As many of you know, I am credit card free. There are many reasons why you too should go this way. I know that many of you keep credit cards for emergencies– and that is exactly the time that you should not use a credit card.
One of the ways that credit companies attempt to convince you of the security of your credit card is that you can pay extra each month for insurance in case you cannot make the payments. It’s a great promise, with a high fee.
Except that payment protection insurance is failing many that need it most: it’s actually adding to their debts instead of helping them during the hard times.
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