No. of Recommendations: 1
Fellow Consumers,
Not only do other card companies monitor your credit, but, so do the auto insurers. Mine sent notice that if you had bad credit reports that they could up your premiums. Insurance companies feel that if you are irresponsible with your finances, so are you irresponsible as a driver. Wonder how this was researched and how well it correlates to the reality of the situation.
Secondly, MBNA and Fidelity Investments are linked up in a 529 College Plan. MBNA pays 2% on all purchases to the college fund. Might it be time for Fidelity to consider another affiliate if their true interest is to help the general public save for college? Who wants to be slammed with fees when saving for college? I know I do my best to see that bills are paid in a timely manner, but, I am human and do error. It all seems like an awful harsh punishment with very unkind consequences.
Thanks,
Alouwishes
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