Bogus Credit Card Offers
Many
fraudulent companies are offering assistance to consumers to get them a credit
card. They charge a fee for this service that can often be nothing more than a
con.
These
fraudulent companies target consumers who may have bad credit, or are unable to
get a credit card by normal means.
Large upfront
processing fees are charged for this service. Legitimate companies may charge a
small upfront fee, although most will charge an annual fee, which appears on the
first statement.
Prevention
If you require
a credit card, approach the large credit card issuers directly. A third party
company can do nothing more for you than you can do yourself in applying for a
card.
Never pay
large upfront fees for credit cards. Legitimate credit card companies make
their money from the interest on purchases charged on the cards, not from
upfront fees.
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