Credit Cards And Scams
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Advance Fee Credit Cards
Some companies promise to get you a credit card no matter how bad your credit is. Here’s what can happen if you pay them the $200 or more they usually ask for:
You receive a credit card that’s only good for over-priced merchandise from their catalog.
You get applications for secured credit cards. A secured credit card offer requires you to deposit $500 in a bank account to receive a credit card with a $500 limit.
You receive nothing at all.
Secured credit cards from a legitimate bank or credit union can help you re-establish credit. Many banks and credit unions will give you a secured credit card with no upfront fees or charges. If you want one of these, go to your own […]
Original post by admin