Hi,
I recieved in the mail today a offer from a "creditor" company called CrediCorp Inc. Which stated that I had been preapproved for a $ 10,000 credit limit on a "Gold Card" at 12% Apr.
Having dealt with this kind of mail offers before i thought i would write a report on how simple of a scam this might be.
These creditors target people who dont exactly have a great credit rating. The card offered here is and might very well be a Gold Card however it says in the offer that " the credit limit is valid exclusively toward all credit purchases FROM credit provider" That ladies and gents means that you will not be able to use the card anywhere else but in their own catalog. As a matter of fact if you take time to visit their website (above) you can even take a look at that catalog.
I read many of the reports here on CrediCOrp and they dont look so good. I am not trying to make up your minds about them I am simply trying to help you out there who are looking for a credit card which might help your rating and such. This aint one of them. Its a catalog credit card.
Decoder
Manhattan, Ontario
Bhutan
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