Originally posted by xoggoth
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what theft?
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Insanity: repeating the same actions, but expecting different results.
threadeds website, and here's my blog. -
Originally posted by expat View PostJust on the phone to card provider, they spent ages trying to persuade me to pay for identity theft insurance.
AIUI, if someone dishonestly pretends to be me, some financial institutions may wrongly accept their word. So my card company wants me to pay them to take some steps to try to make it that I don't suffer unduly from people like them wrongly falling for someone else's fraud? ISTM that whoever "steals" my identity is a criminal, and whoever they deceive is a victim. Why should I pay to insure against their mistake?
The banks do have to come up with another revenue stream to replace payment protection insurance on loans.
http://www.thisismoney.co.uk/credit-...in_page_id=506
I must admit that 20 years ago I did fall for the "insure the balance on your credit card" scam. I cancelled all that 15 years ago because I thought it was a rip off. I obviously haven't needed it since I have been a contractor.Comment
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It's the shifting of blame that gets me.
If someone masquerades as me in order to get credit, and the business that wrongly gave credit tries to recover it from me, and credit agencies band together to refuse me credit, it is a falsehood to say that I am a victim of "identity theft".
The business that gave the credit in error is a victim of fraud; and I am a victim of the business' and the credit agencies' harrassment.Comment
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I understand your shock.
It's like when I discovered Gap insurance (after reading a post on here). You buy insurance which covers you against your insurance company underpaying on a car claim. And who hawks these policies? Why it's the same folks you buy your car insurance from!Comment
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Originally posted by xoggoth View PostThey need to develop this purchasing pattern thing a lot more. Like, if my credit card was used to spend more than 8 quid on a pair of shoes they should know it couldn't possibly be me.
This exists, I know 'cos I worked on it (as did a bunch of other people - I was but a junior techie at the time).
It's called Falcon and - without wishing to blow my own trumpet too much - it ******* rocks.Comment
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Originally posted by sweetandsour View Posthttp://www.thisismoney.co.uk/credit-...in_page_id=506
I must admit that 20 years ago I did fall for the "insure the balance on your credit card" scam. I cancelled all that 15 years ago because I thought it was a rip off. I obviously haven't needed it since I have been a contractor.
(I read a year or two ago that those policies rarely if ever actually did pay out.)Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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Originally posted by Sysman View PostI got stung 30 years ago by a one off insurance payment to cover me defaulting on my mortgage. From that article it looks as those will be banned as well, and about time too.
(I read a year or two ago that those policies rarely if ever actually did pay out.)Comment
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Originally posted by Menelaus View Post:cough: :cough:
This exists, I know 'cos I worked on it (as did a bunch of other people - I was but a junior techie at the time).
It's called Falcon and - without wishing to blow my own trumpet too much - it ******* rocks.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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Originally posted by Platypus View PostI understand your shock.
It's like when I discovered Gap insurance (after reading a post on here). You buy insurance which covers you against your insurance company underpaying on a car claim. And who hawks these policies? Why it's the same folks you buy your car insurance from!Comment
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Originally posted by Menelaus View PostYep - single premium payment protection has now been outlawed and about bloody time too!Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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