Pearl Card gave me an offer in May of 2010. I not only paid of the old debt they bought, but the amount of credit they gave me-in full. They raised my credit limit and I have paid them faithfully every month. For the first year they offer 0% financing. They may not be perfect, but they have seemed to be good to me. You have to go with your gut feeling on this. If you owe the debt, they can help by paying that off, (having it show on your credit as PAID) and then they begin reporting to the credit bureaus and your credit score goes up. I know these messages are back from 08' and I'm writing this at almost 11' however, with the new laws, I don't see any harm, if YOU PERSONALLY feel it is RIGHT FOR YOU, to go forward with this offer.