Are they crazy?

Reply

  #1  
Old 02-11-08, 03:57 PM
Forum Topic Moderator
Thread Starter
Join Date: Mar 2005
Location: USA
Posts: 43,045
Are they crazy?

A credit card offer came in the mail today for my son [mark jr] and I opened it thinking it was for me. 0% interest for 12 months but........
$29 - set up fee
$95 - program fee
$48 - annual fee

........... $11 surcharge for each payment, $3 per month charge for inactive accounts

I know some folks are desperate for credit but who would be fool enough to apply for this card. I guess they can find some that would call the 1-800 number and never read the 2 pieces of paper in the envelope :mask: Just a glance at it told me it was headed for the burn barrel and no need to call my son and tell him he got mail
 
Sponsored Links
  #2  
Old 02-11-08, 04:32 PM
mikeTN's Avatar
Member
Join Date: Dec 2007
Location: Nashville
Posts: 635
Talking

Originally Posted by marksr View Post
A credit card offer came in the mail today for my son [mark jr] and I opened it thinking it was for me. 0% interest for 12 months but........
$29 - set up fee
$95 - program fee
$48 - annual fee

........... $11 surcharge for each payment, $3 per month charge for inactive accounts

I know some folks are desperate for credit but who would be fool enough to apply for this card. I guess they can find some that would call the 1-800 number and never read the 2 pieces of paper in the envelope :mask: Just a glance at it told me it was headed for the burn barrel and no need to call my son and tell him he got mail
HEY! Everyone has to make a living!(right) What is a couple hundred dollars between friends??? That is why I usually don't even open them. Straight to FILE 13!!
 
  #3  
Old 02-11-08, 04:34 PM
Member
Join Date: Sep 2005
Location: Where the cows roam, CA
Posts: 2,204
You just violated 18 USC sec. 1702!
j/k...

Who's offering?
Where can I call?
Where, where, where? Who?!!!

Whoo hoo!

Oh... they want $$$

To be honest, I fell for it before. When you're young, need or want credit..you just apply and take it! It's kinda cool carrying a plastic card in your wallet when you don't have one. Get some youngens who don't read all the way down or find small prints...they got themselves a customer Now...if it had said Mark SR. I'm sure they wouldn't have tried to charge you anything.
 
  #4  
Old 02-11-08, 09:04 PM
mjd2k's Avatar
Member
Join Date: Aug 2005
Location: Canadian Prairies
Posts: 352
I'm getting screwed by XXXX credit card in Canada.

They offered me $30,000 at 2.9% interest for 9 months. I thought, why not, its cheaper than I'm paying for money now and I can just use another account to pay it off in 9 months.

I set up to take automated interest payments out every month and I noticed that they've been doing that for the last 4 months.

I didn't bother to read the statements because I don't actually use the credit card.

I looked at the bill yesterday and found that they have been billing me for "disability insurance" @ 300.00 per month, which works out to about 12% per year.

They won't credit me the money because they say I was insured all that time. You dont' get refunds on insurance.

I said I would never get disability insurance so why was it there. They say I must have asked for it at some time. I said I don't even have it on my mortgages!

Total fraud. Not sure what to do next but I'm going to be a very very rude sob tomorrow when I go in for round 2.
 

Last edited by DIYaddict; 02-14-08 at 01:40 PM. Reason: Company name edited out for their protection
  #5  
Old 02-12-08, 01:43 AM
nap's Avatar
nap
nap is offline
New Member
Join Date: May 2006
Location: north
Posts: 4,163
well, I'm not to hip on Canuck laws but down here, I would request for a copy of the contract showing where I had accepted the disability insurance add on. If they could not provide such, I would be contacting my states attorney general as well as the federal authorities to file a complaint as well as sending a demand letter (always, certified, return receipt requested) for the payments they cannot prove I contracted to.
 
  #6  
Old 02-12-08, 10:00 AM
mjd2k's Avatar
Member
Join Date: Aug 2005
Location: Canadian Prairies
Posts: 352
Thanks Nap, thats a good place to start.
 
  #7  
Old 02-13-08, 09:24 PM
Integrator97's Avatar
Member
Join Date: Apr 2002
Location: NW Arkansas
Posts: 570
they typically get you with some kind of bonus check. Always read the fine print when a company, ESPECIALLY a credit card, sends you a check.

It frequently has something about accepting some kind of high priced insurance or travel discount plan or something you won't use, but will cost a fortune.

Another industry that doesn't have ENOUGH regulation.
 
Reply

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Thread Tools
Search this Thread
Display Modes
'