debodun
SF VIP
- Location
- way upstate in New York, USA
What can they do that you can't do for yourself? Are they just taking advantage of panicky people's fears?
Given that the average household has thousands of dollars in credit card debt, etc., and most of them just make the minimum payments, they need someone to monitor their finances, because its obvious that they can't do it themselves.
i have no clue what that has to do with credit monitoring for fraud
That makes sense ...the minimum payment reference was what made no sense .I often see people at a store checkout who pull a credit card wallet out of their pocket, or purse...containing a dozen, or more credit cards. I doubt that these people monitor their accounts routinely looking for any suspicious activity. These types of people Need a monitoring service to keep track of all their various account transactions.
Those shoppers are probably unaware of what can happen when they pull all those cards out. (I found out, but it didn't cost me anything). People can buy a small scanner for a few bucks online & they can read your credit card info from 25 feet away. They can even read it while it's in your wallet, pocket or purse unless you have an RFID - blocking wallet. Then they can charge & charge. I learned that a couple of years ago when my credit card statement had $800.00 worth of stuff from Target that I never bought. The scanner can also read everything on your Driver's License, or any card that has a strip on it.I often see people at a store checkout who pull a credit card wallet out of their pocket, or purse...containing a dozen, or more credit cards. I doubt that these people monitor their accounts routinely looking for any suspicious activity. These types of people Need a monitoring service to keep track of all their various account transactions.