03-05-2004, 08:05 PM
Good info Dave, don't forgot getting mailers telling you they got everything they need except SSN. This is a new trend sweeping the nation.
Some fly by night mortgage companies and credit card companies use this practice.
The credit card companies charge a monthly and yearly fee for card and some also send you a couple thousand dollars in advance per your request then start charging you interest.
You call in to cancel card and they nail you with cancellation fee, plus a months interest and the monthly fee for card. It could reach as high as $200. Several law enforcement agencies are researching this trend.
This was happening alot in Santa Ana, CA and other surrounding areas. These companies choose lower income ad home areas usually with high minority populations.
Watch out
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Some fly by night mortgage companies and credit card companies use this practice.
The credit card companies charge a monthly and yearly fee for card and some also send you a couple thousand dollars in advance per your request then start charging you interest.
You call in to cancel card and they nail you with cancellation fee, plus a months interest and the monthly fee for card. It could reach as high as $200. Several law enforcement agencies are researching this trend.
This was happening alot in Santa Ana, CA and other surrounding areas. These companies choose lower income ad home areas usually with high minority populations.
Watch out![
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