topic Re: Fortiva Mastercard Preapproved... LOL! in Credit Card Applications

Fortiva Mastercard Preapproved... LOL!

Bizambish — Wed, 18 Jul 2018 22:09:13 GMT

Has anyone heard of this outfit?

I'm not sure why but I recieved a *pre approved offer!* in the mail from Fortiva

Highlights:

1000 Dollar limit selected just for me

175 Dollar Annual Fee in the first year, 49 dollars thereafter

150 Dollar "Account Maintenance Fee" per year billed at 12.50/Mo

33.24% APR

Zero card benefits of any kind

If anyone gets an offer from this predatory outfit please just put it directly in the shredder... Makes Credit One look like a tier 4 prime lender!

PS. Mods please move if in the wrong section, thank you

Re: Fortiva Mastercard Preapproved... LOL!

pipeguy — Wed, 18 Jul 2018 23:44:20 GMT

That is an incredibly awful offer - I mean just sick, and to think folks think the big banks are greedy (well yeah they are but not like this offer).

Maybe their motto should be "When Credit One says no, Fortiva will say YES..." *but you'll pay dearly for our yes....

Re: Fortiva Mastercard Preapproved... LOL!

Pikaboo-icu — Wed, 18 Jul 2018 23:44:42 GMT

That is disgusting!

Let's take advantage of somebody that's already struggling and see if we can bleed them dry.

Seriously, that company is a vampire.

Re: Fortiva Mastercard Preapproved... LOL!

Bizambish — Wed, 18 Jul 2018 23:52:23 GMT

100% Agree with you both!

I did have a credit one card at one time in my rebuilding and it served its purpose until I moved on and closed it but it was NOTHING like these vampires. At least they offer some cash back and don't charge hundreds in arbitrary fees. Unreal

Re: Fortiva Mastercard Preapproved... LOL!

AverageJoesCredit — Thu, 19 Jul 2018 00:39:57 GMT

I dont think even the mods could move this post without contracting fee itus

Re: Fortiva Mastercard Preapproved... LOL!

Bizambish — Thu, 19 Jul 2018 01:01:07 GMT

There’s no way this can be a legitimate long term financial model for them. Anyone who would accept that offer has a high chance of defaulting.
I think their sinister plans go even further. They probably plan to not have to put out much cash because most of the tradelines they extend are taken up with bs fees.
Then they get everyone to default on it and then sell big lots of bulk junk debt paper to collection agencies. Brilliant in a sick sort of way

Re: Fortiva Mastercard Preapproved... LOL!

Anonymous — Thu, 19 Jul 2018 03:52:33 GMT

Speechless!!!

Re: Fortiva Mastercard Preapproved... LOL!

arkane — Thu, 19 Jul 2018 04:28:54 GMT

If the mailer contains a return envelope, what you should do is put a bunch of waste paper in there, slap on a post-it with the words "SUCK IT HAHAHA" scribbled in size 18 CAPS and then mail it out. This way you make them literally pay for mail spam.

@Pikaboo-icu wrote:
That is disgusting!

Let's take advantage of somebody that's already struggling and see if we can bleed them dry.

Seriously, that company is a vampire.

Considering their target demographic, I think it'd be more like beating a dead horse till there's nothing left but an unrecognizable pulp.

Re: Fortiva Mastercard Preapproved... LOL!

pipeguy — Thu, 19 Jul 2018 20:07:18 GMT

There was an interesting thread last week where several MF members got a bit indignant over the fact that if a store didn't take their credit card (AmEx) how they'd never shop there and I added that there are 68 million people in this country that are unbanked or underbanked that don't (or have limited access) use or generally have access to credit cards (not just because of their income level or lack of credit scores). This vulture bloodsucker card preys on those people that need to rent a car or hotel room or buy a train ticket and being credit unsophisticated think that fees, et al, come with cards.

Do I think there should be usury limits to fees and interest rates, yes I do and while some state maintain some form of usury limits, the Supreme court ruled in 1974 (I'd have to double check the year) that interest rates (caps) are based on the state where the business is located not where the borrower is located.

Before you say Congress should fix this issue (no left or right politics please) most of those 68 million people (based on 2015 numbers from the latest FDIC survey results) will lose any access to "credit" even to some extent the money order - payday lending - title loan type services they now utilize. Before you say "won't include me" most if not all of the subprime or marginal credit products, especially credit cards will disappear too so it's not as easy as establishing a federal usury level or standard.

Note that I'm in no way defending these bloodsucking vulture lenders, I'm just adding some "bigger picture" information.

Re: Fortiva Mastercard Preapproved... LOL!

Anonymous — Thu, 19 Jul 2018 05:44:26 GMT

After reading some of the reviews, I am wondering about some of these people. Here are some of my favorite quotes copied and pasted directly.

So far I have no issues with the card. I do a lot of online ordering and some cards will not let you order online.

I wont be keeping this card. One main reason I do paperless for everything I have to pay. And sadly they will not do paperless.

Not very happy with this service haven't receive my card yet already get a bill that is due on the 24th of June

Im really happy with my card so far, thank you only had one problem didnt wsnt take at gas station

I have several cards but this is the only card that let's me know when the card is used

The Best card I have EVRT used. No hassles, no fuss, for my family it was a must. Thank you

I have a feeling that this is a good card but I am having trouble registering it.

Very happy with the credit card but still havent get my credit card

When I did the application process I told customer my name was wrong. I have the correct name and the application was approved and processed. However the card arrive with still the wrong name

I am still in good standing with this card as far as payments go, yet i checked my credit score the other day and there is a derogitory mark on my credit from this card. I don't understand that. This card is doing more harm than good.

Re: Fortiva Mastercard Preapproved... LOL!

Anonymous — Thu, 19 Jul 2018 06:26:40 GMT

How is this even legal smh

Re: Fortiva Mastercard Preapproved... LOL!

Bizambish — Thu, 19 Jul 2018 10:58:01 GMT

That list of reviews is either terrifying or fake.... maybe both

Re: Fortiva Mastercard Preapproved... LOL!

arkane — Thu, 19 Jul 2018 14:41:48 GMT

FAKE ~~NEWS~~ REVIEWS

Re: Fortiva Mastercard Preapproved... LOL!

FinStar — Thu, 19 Jul 2018 17:01:38 GMT

Fortiva = Forget it (IMO of course) 😉

Re: Fortiva Mastercard Preapproved... LOL!

Anonymous — Thu, 19 Jul 2018 21:02:06 GMT

@Bizambish wrote:
Has anyone heard of this outfit?

I'm not sure why but I recieved a *pre approved offer!* in the mail from Fortiva

Highlights:
1000 Dollar limit selected just for me
175 Dollar Annual Fee in the first year, 49 dollars thereafter
150 Dollar "Account Maintenance Fee" per year billed at 12.50/Mo
33.24% APR
Zero card benefits of any kind

If anyone gets an offer from this predatory outfit please just put it directly in the shredder... Makes Credit One look like a tier 4 prime lender!

PS. Mods please move if in the wrong section, thank you

What has life come to?! These terms make me sick! Don't accept, OP.

Re: Fortiva Mastercard Preapproved... LOL!

Anonymous — Thu, 19 Jul 2018 21:02:48 GMT

@arkane wrote:
FAKE ~~NEWS~~ REVIEWS

Re: Fortiva Mastercard Preapproved... LOL!

Anonymous — Thu, 20 Sep 2018 23:04:27 GMT

I actually have this card. I've had it for over a year (got it in May 2017). I was approved for a $1500 limit (OOOH! GOLDMINE! ), which they increased to $1529 after about 6 months (Rollin' in the dough, y'all! ). I mainly used it to travel back to Chicago, and I usually paid the balance off in the entirety every other month; I would deliberately leave, like, $20 or so on balance months to show utilization since no utilization is just as bad as high. No rewards or no miles or anything like that, but it served its purpose in leading me to obtain credit from more reputable companies like Chase and AMEX. I paid the balance off in full again about a month ago, so I will likely shelve this card and pop it out occasionally to buy a pack of gum or something to keep it alive.

Re: Fortiva Mastercard Preapproved... LOL!

Anonymous — Fri, 21 Sep 2018 01:30:50 GMT

@Anonymous wrote:
I actually have this card ... and pop it out occasionally ... to keep it alive.

Kill it. Seriously. It's time to REDRUM the mofo. Seriously. Kill it.

Re: Fortiva Mastercard Preapproved... LOL!

Pikaboo-icu — Fri, 21 Sep 2018 03:47:11 GMT

@Anonymous wrote:
@Anonymous wrote:
I actually have this card ... and pop it out occasionally ... to keep it alive.
Kill it. Seriously. It's time to REDRUM the mofo. Seriously. Kill it.

ROFL I started to reply that EXACT same thing! I scrolled down and saw yours.

That card MUST die! Preferably a horrible, painful death, in the shredder!

Re: Fortiva Mastercard Preapproved... LOL!

Anonymous — Tue, 23 Oct 2018 00:18:50 GMT

Thank you all for saving me from them. I’m quite grateful.