Scamming innocent senior citizens! Telemarketer promises what sounds like credit card consolidation at lower interest rate. You give them your credit card number, they charge $279.00 to your card immediately and send you a booklet with 6 pages in it that explains credit card applications and interest rates, then they give you a list of about 8 banks to contact to try and get a credit card at a lower interest rate.
They do give you a guarantee certificate that offer you a refund IF you are turned down for credit by three of the banks on the list. THE CATCH to their refund is that if ANY of the banks on the list extend an offer of credit to you, you don't qualify for a refund. ALSO they only refund 40% of the $279.00 they charge you. They claim that is for shipping and processing.
That is over $110 for shipping and handling. Scam? Of course. The list of banks offering credit cards are no lower than a regular credit card, and you don't have to pay anyone a fee to find a credit application. This material they charge almost $300 for offers no valuable information, and is very unprofessionally assembled. Looks like it was done from a home computer... And it most likely was.
Makes we wonder what else they do with those credit card numbers they are keeping on their files. I will follow up on this matter with other agencies, but this site came up on the google search, so I wanted to warn others so they wouldn't fall for this also.
0 comments