This company sent me an unsolicited "credit card" with a limit of $6500.00. The first thing they wanted to do for me to activate the account was charge me $199.99 as a "one-time fee" followed by an annual fee of $99.99. This would have created a $300.00 balance without me even using the card.
They claimed I would have access to cash ranging from $15.00 to $150.00 for a "small nominal fee." I would only be allowed to make purchases from their catalog, which would arrive three to four weeks after I paid the $300.00 balance in full.
The whole deal smelled fishy from the start. Then I read some of the posted horror stories on this web site and did a little research with the Better Business Bureau. This company has a list of complaints longer than their mailing list! Thank you to the authors of the reports posted on this web site! You saved my at least $400.00! This is no way to try to rebuild a good credit rating.
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