Credit Tips: Unlawful Credit Card Practices

Posted On: April 1, 2006

Author: Board Monitor
Posted: Mon Oct 10, 2005 3:53 pm
Post subject: Unlawful Credit Card Practices

This message posted by e-mail request from one of the visitors to our site:

I finally paid off my card with Aspire, cancel the card, cut it up and sent it back with my last payment ( this was their instruction on the back of a statement). I explained to them in a letter I did not want to do business with them for several reasons.
1. unable to contact a human with the phone number they provide.
2. Interest rate to high.
3. Many time I never received a statement or notice of payment.
4. Unable to make payment vivi Internet at the time I tried 3yrs ago they charged $14.95 just to make that service.
5. Their customer (which there really is none) SUCKS.

I could go on but what is the point. I want to know who owns this company. How do they get away with the unlawful practices, or does our government turn the other way, is there a payoff to someone?
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314

Author: gameboy
Posted: Mon Oct 10, 2005 4:36 pm
Post subject:
What were the unlawful practices they did?

Author: mouse
Posted: Mon Oct 10, 2005 4:38 pm
Post subject: Unlawful Credit Card Practices

Nobody held a gun to your head did they??????

I wouldn’t ever send a letter or cut up card with a payment!!!!!!

“REAL” credit cards have a special address just for letters

Author: Ira
Posted: Mon Oct 10, 2005 11:15 pm
Post subject: Unlawful Credit Card Practices

Here’s some answers to your questions:

Quote:
CompuCredit markets the Aspire Visa Credit Card by means of LendingTree System, the online loan market place, now announced a contract with CompuCredit Corp. (Nasdaq: CCRT) to promote the Aspire® Visa® credit card on its growing Network of 54 lenders.

Visitors to the LendingTree site interested in obtaining a credit card can entire a appeal online and take delivery of a choice inside seconds as to whether they meet the requirements for an Aspire Visa card.

For the full statement go to http://www.losangeles.com/credit/aspire-creditcard-online.html

What do you think is illegal about their practices? What specific law do you feel they are violating?