Thanks for the quick response!! I actually created the htaccess file with my text editor, and uploaded to my root
I do however have 2 htaccess files protecting other subfolders that were installed by control panel.
Could that be the problem? Here are the contents of the htaccess file, exactly how it was written on the DH wiki.
AddHandler phpFive .php
Action phpFive /cgi-bin/php.cgi