Chase Bank has effectively made a 95-year-old retired school teacher hope to die by canceling her Payment Protector Plan, her son told the Los Angeles Times. Dorothy Cross enrolled in 2007 and paid an extra monthly fee on her credit card bill (usually a little less than 1 percent of the balance), with the promise that after she died, her estate wouldn't be responsible for her debt. The plan covered up to $25,000 of debt per credit card after the cardholder died. However, Chase has rethought the terms of that and notified participants the plan is being canceled as of June 1, 2014, because, hey, they make the rules. If Cross dies after the plan is canceled, the $38,000 of debt she has on three credit cards will be the responsibility of her son, Emory Cross — even though she has paid more than $16,000 in credit card fees thus far to be part of the program. Emory Cross said his mother is frantically paying down the balance, but "she's just scared to death she will pass away after May 31, 2014." [Source]
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