Originally Posted by
jags86
Or, alternatively, they don’t shut your service off and continue to bill you. Think of it like having a lawn service agree to come once a month and you normally leave a check for them. One day the guy comes and you don’t leave a check. He still mows the lawn. You owe him for the service.
I gave the example prior of the gym membership I had. They continued to accrue a balance against me even though my card was cancelled. Could easily happen here as well.
1) In your example you're paying a lawn service
after the fact.
2) You're comparing apples to oranges.
Credit monitoring and scores/reports is a
prepaid service. You pay up front for the service, not after you've used it. Experian, Equifax, and TranUnion do not give you the service and then trust you to pay them after the fact like a cell phone company does when you sign a contract.
You're allowed to cancel credit monitoring at
any time [see:
https://www.experian.com/consumer-pr...nitoring.html] . You're not required to keep their service for a set number of months, there is no contract. When the card is declined, they automatically assume you've cancelled your service and will no longer provide it to you. They will not send you a collections bill because you've already paid. A gym membership has a contract in most cases, so you'll owe them money if you cancel early, likely from an ETF or the remaining months worth of bills on your contract, that is why they can send your owed money to collections. Can someone else, please explain with more clarification.