topic Re: USA Credit in Credit Cards

USA Credit

LS2982 — Wed, 18 May 2011 18:33:11 GMT

Has anyone ever heard or dealt with this company? I got a phone call today saying I'm preapproved for a 2.5K credit card for use on their website www.usashoppingclub.com. I gave them my info (I'm kicking myself right now) and they said there is 0APR and no fees but a one time 109.95 activation fee. Someone PLEASE tell me this is legit and not a scam I'm worryig bigtime right now

Re: USA Credit

aftermath — Wed, 18 May 2011 18:43:37 GMT

Never heard of them.

Re: USA Credit

trumpet-205 — Wed, 18 May 2011 18:55:24 GMT

First, you need to stop applying. I know you want to improve your credit score, but applying credit non-stop will kill your scores. Your FICO scores is really low for any prime lenders.

Second, USA Shopping Club have bunch of negatives comments. Some said it is a rip off site because they charge 2x-3x higher for price compare to other competitors. Others said they are a complete scam. Do Google search online.

Third, I have not heard any lenders calling to individuals to inform of their preapproval. Lenders sent mails (sometimes email) to inform preapproval, but no one would phone call you.

The way I see it, this is a complete scam (but legit like First Premier), especially $109.95 activiation fee which apart from First Premier no one would do such thing. Keep a very close eye on all three of your credit reports and say no to USA Credit.

Re: USA Credit

minerva — Wed, 18 May 2011 18:52:25 GMT

Some quick googling turned up these.

Rip off report

pissed off consumer

consumer complaints

Seems to be a legitimate company, just more of a sub-prime fingerhut.

Re: USA Credit

LS2982 — Wed, 18 May 2011 20:59:16 GMT

I just cancelled it. I got a confirmation # and the name of the rep. i talked to. Too shady for me. I also put a stop payment on my bank acct for USA credit. i plan on cancelling this acct as i dont trust this place at all . It was a dumb move on my part

Re: USA Credit

aftermath — Wed, 18 May 2011 21:35:52 GMT

@LS2982 wrote:
I just cancelled it. I got a confirmation # and the name of the rep. i talked to. Too shady for me. I also put a stop payment on my bank acct for USA credit. i plan on cancelling this acct as i dont trust this place at all . It was a dumb move on my part

You really should be more cautious about giving a stranger over the phone your personal information, especially for a company you never heard of to the point you had to come online to ask people.

Shame on you!

Re: USA Credit

LS2982 — Wed, 18 May 2011 21:44:40 GMT

@aftermath wrote:
@LS2982 wrote:
I just cancelled it. I got a confirmation # and the name of the rep. i talked to. Too shady for me. I also put a stop payment on my bank acct for USA credit. i plan on cancelling this acct as i dont trust this place at all . It was a dumb move on my part
You really should be more cautious about giving a stranger over the phone your personal information, especially for a company you never heard of to the point you had to come online to ask people.

Shame on you!

Yea I know. I kicked myself in the a** all day for it. Im not applying for anything until 6 months from now. (Iknow ive said that before but i MEAN that now with this crazy situation lol)

Re: USA Credit

Anonymous — Wed, 18 May 2011 23:02:23 GMT

Dude you make me crack up every time I read your post! Lol but reading your posts Is the second thing keeping me from applying to anything till december.

Re: USA Credit

LS2982 — Wed, 18 May 2011 23:04:34 GMT

@Anonymous wrote:
Dude you make me crack up every time I read your post! Lol but reading your posts Is the second thing keeping me from applying to anything till december.

I make you laugh?? Really?? Why??

Re: USA Credit

Anonymous — Wed, 18 May 2011 23:07:45 GMT

Cause we both started at about the same scores but I already stopped applying...but your my other side where I can see what would've happen if I kept applying

Re: USA Credit

LS2982 — Wed, 18 May 2011 23:29:05 GMT

@Anonymous wrote:
Cause we both started at about the same scores but I already stopped applying...but your my other side where I can see what would've happen if I kept applying

My CR may vary from yours. Just cause we have close to the same score doesnt mean all attributes are the same. I dunno, I'm not satisfied with 2 CC's and a retail revolving acct, but apparently i need to stop whining and deal with it for 6 months.

Re: USA Credit

Boonie — Thu, 19 May 2011 12:23:10 GMT

@LS2982 wrote:
Has anyone ever heard or dealt with this company? I got a phone call today saying I'm preapproved for a 2.5K credit card for use on their website www.usashoppingclub.com. I gave them my info (I'm kicking myself right now) and they said there is 0APR and no fees but a one time 109.95 activation fee. Someone PLEASE tell me this is legit and not a scam I'm worryig bigtime right now

When my scores were low I, admittedly, joined USA Credit with a $12,500 credit limit. I paid the fees and make a couple small purchases so they would report my account only to TU. I kept it open for about 9 months and decided it was too expensive. Once I cancelled the account, POOF, the tradeline disappeared from my credit report.

Re: USA Credit

Anonymous — Thu, 19 May 2011 14:58:19 GMT

@Boonie wrote:
@LS2982 wrote:
Has anyone ever heard or dealt with this company? I got a phone call today saying I'm preapproved for a 2.5K credit card for use on their website www.usashoppingclub.com. I gave them my info (I'm kicking myself right now) and they said there is 0APR and no fees but a one time 109.95 activation fee. Someone PLEASE tell me this is legit and not a scam I'm worryig bigtime right now
When my scores were low I, admittedly, joined USA Credit with a $12,500 credit limit. I paid the fees and make a couple small purchases so they would report my account only to TU. I kept it open for about 9 months and decided it was too expensive. Once I cancelled the account, POOF, the tradeline disappeared from my credit report.

Sadly, this is very typical of these types of "tradeline mills" that target the subprime market with pay-for-credit lines at outrageous (unreasonable for any credit profile) cost. What's more, it's not at all unheard of for the credit bureaus to suddenly stop reporting these tradelines, making them even more useless to the people who have paid so dearly for them. They're not worth it, under any credit circumstance.

Building or rebuilding (after repairing) credit history does not make these types of companies & practices necessary. People should view them as the money siphoners that they are. There are much better, and far less harmful ways of (re)establishing solid credit history. You can successfully rebuild with 1 or 2 cards (ideally non-fee harvester products). And, even if "wait" is the only other alternative, waiting is better. One very important aspect of building a solid credit house is to make sure that it sets upon a solid financial foundation. <-- Nobody needs their hard earned $$$ flying out of the proverbial window. Establish good financial practices that protect your bottom line, and the credit that you desire will soon follow.

When you're in the thick of things, it seems like it takes forever. But, I can tell you from personal experience that from 2008 to present, looking back, it really wasn't that long to go from low 500 scores, and about $2700 in available credit to the 700s Promised Land, with more than 80k available credit (far more than I need or have practical use for). I started with a fully secured card from BoA, unsecured today at 12k. And, I'll tell ya this... I value, far above available credit, the sound financial practices that I've picked up along the way. As a matter of fact, those sound financial practices have rendered credit a "convenience" rather than a necessity. I wouldn't change that for anything.

Remember, it's a marathon, not a sprint! Establishing good credit doesn't necessarily entail grabbing every available credit line, under the sun, that you can get your hands on. Some of these lenders & their products are downright undesirable. Work to make credit a convenience that works for you!

Okay, I'm off my soapbox now. Honest!

Re: USA Credit

Anonymous — Thu, 19 May 2011 21:04:04 GMT

Isn't this the company that Peggy works for?

Re: USA Credit

mmduluth — Thu, 19 May 2011 21:06:58 GMT

LMAO!!! YES! Peggy the credit devil!

Re: USA Credit

cw81 — Thu, 19 May 2011 21:19:33 GMT

Hello this is usa prime credit my name Peggy (in a deep masculine voice)

Re: USA Credit

ADARPegasus — Thu, 29 Sep 2011 01:28:47 GMT

i had a card with them for 2 years. there a really good company.