Originally Posted by
mikesyr18
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.
Last response to this. You don’t seem to understand how these types of subscription services work. They are purposefully made to be difficult to cancel in order to extract as much money as possible from people.
Now I don’t know personally how Experian’s service works. But, in general, just because a service can’t process a charge doesn’t mean they have to cancel the service. They can simply keep balance on your account. They say the only way to cancel is by going through their specific cancellation procedure of calling or writing. It doesn’t say you can cancel by denying processing the monthly service charge.
But you do what you want. It may work out for you always. My personal experience in trying what you’re suggesting tells me that it does not work that way always.