I had some credit problems about 3 years back and I was able to get back on my feet and clear everything up within the last couple of years. I had one last remaining debt and I was just about to pay it off when I received an offer from Jefferson Capital about a fresh start program and they give you a credit card.
I knew that I could make the payments because I was planning on paying everything off anyway but i figured I could get the credit card, use it for everyday things like gas, groceries, pay it off every month and re-build my credit.
Well, I paid the required amount to get the card. They told me it would take 4-6 weeks to get the card. After 2 months, I called them. First off they were asking me for more money, so i had to explain the situation. Then they proceed to tell me it takes 4-6 weeks to get the card. I told them I paid 2 months ago. Then they tell me it takes 7-10 days to for my check to clear, I told them it cleared two months ago. So they tell me to wait it's in process.
I finally received the card after about 3 months after my check was cashed. I haven't had any problems using the card but I have had other problems. First of all, this 7-10 days for a check to cash is pure bs. I have never heard that before especially when I can check my bank statement online and see that the check is cashed.
So basically, they will send you a bill fairly close to the due date and then claim it takes an extra 7-10 days for the check to clear, next thing you know, you're late. I had never been late or so I thought. I was wary of this program from the beginning and only planned on keeping the card a short time.
Well, I applied for a legit credit and was denied because I had a deliquency in the past 12 months. I knew my credit score was back in the "good" range and I knew I hadn't paid anything late in almost two years. So I check my credit report and I see that JEFFERSON CAPITAL had placed a "deliquent more than 4 months collection" on my credit report several months after I had paid them off and entered this program.
I tried calling the numbers I had for Jefferson Capital and they were all no longer in use because "the promotion had ended". So I called Majestic Visa thinking they are the same company. I was hung up on. People answered the phone saying things like "yeah" and "uhh huhh".
I was routinely disconnected including one time when I heard the chick giggling while she was "transferring me to a supervisor" and next thing I know I was hung up on. When I finally got a supervisor, he told me they have nothing to do with Jefferson Capital, but he notcied I was late a couple months back on my Majestic Visa and as a courtesy they didn't report it and basically threatened me to leave him alone or they would report it.
I wasn't late, I sent the check in well before the due date, the check was cashed before the due date, but because of that 7-10 days crap to clear a check (after it's cashed and the money is gone), they claim I was late. He gives me a number for Jefferson Capital and it keeps routing me back to Majestic Visa. I have not been able to get a direct number for Jefferson Capital, this crap is still on my credit report and I continue to get the run around.
I suggest staying away from this program no matter how desperate you are. I did everything they asked, I paid the initial amount off early (before the 12 months allotted), I paid my credit card bill well ahead of time yet they claim I was late (only once though but that's only because I sent the checks in so early), Jefferson Capital has put erroneous information on my credit report yet I have no way off getting in contact with them, that 7-10 days check clearing stuff is a bunch of crap.
No matter what you do, they have ways of dinging you. As I said, I have 0 balance on that card now and as soon as I get another card to replace the credit, I'm cancelling. I am also reporting this to the BBB, the credit agencies and calling the CCC to see if they can help. This is a pure scam.
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