Credit Cards and Plans
Credit Enhancement ServiceInformation and Alerts
Alert Details
This business has 1 alert.
Out-of-Business known or suspected
In 2001 and 2002 the BBB received consumer information and complaints alleging misrepresentation by this firm in its mailings. Consumers have informed the Bureau that they were led to believe that they were pre approved for a regular credit card providing a minimum $3,000 credit limit and a 6% interest rate. However, after calling the company as instructed, and providing their personal information, they learned there was a substantial charge for the card, which would be electronically deducted from their checking account and that the credit card could only be used for making purchases from the company's catalogue, and was not a regular credit card as represented. In 2001, mail sent to this firm was returned by the Postal Service. In 2002, the US Attorney's Office charged seven people with bilking 29,000 people out of $7 million dollars by fraudulently promising they would receive a credit card for the payment of a $239 fee. The firm operated out of Woodhaven, NY, and Camden, New Jersey. The company also used a Farmingdale post office address. In 2002, the Federal Trade Commission also filed suit for alleged violations of the Federal Trade Commission Act.
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