I called my credit card carrier to check my balance. Instead of getting the automated answer, I was connected right through to a real person.
He tried hard to pitch me with credit card insurance costing $100.
ABC News, when reporting on the recent multiple credit card information thefts, also mentioned the availability of consumer insurance to protect against ID theft. They said it took a victim 600 hours of time to correct everything and the insurance would cover lost wages.
This really irked me. It's the companies' fault, not ours.
Why shouldn't the credit card companies assume all costs for identify theft and card theft? After all, in most cases it was their sloppiness? Do they aggressively go after violators? No, they do not, and small guys get away with it (ie photocopying a credit card/driver's license then using it fraudently). Those people aren't prosecuted "too much trouble".
Does anyone support the companies?
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