This innocuous looking envelope purports to being a "Pre-Approved" credit card offer, but it is as close to legalized "Loan Sharking" as I have ever seen. They disclose their APR as 36%! This alone is reason enough to not do business with these thugs! They tack on a $49.00/year annual fee! This seems awfully high for a plain old Mastercard. Here is the real GOTCHA, the charge you $10.50 PER MONTH fo something called a "Monthly Servicing Fee"!?!? This sounds suspiciously like the $49.00 annual fee, so I wonder what it is they think they are doing to earn this money. Of course on just a plain old Mastercard, the answer is that they are doing nothing at all, they are just trying to empty your pockets and paychecks as fast as possible!
EVERY consumer advocate in the nation should take up this cause to put a stop to this fraud, scamming, and fleecing of the American Public!
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