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From time to time regardless of CS we all get these 'Preapprovals" from First Premier, Credit One etc this is just a reminder of why these predatory lenders have deep pockets and will continue to blindly send out these solicitations to everyone. Its shamefull that those rebuilding and with the most need turn to these types. It is fair for a business to charge an elevated fee based on their risk, but this is structured to simply generate beyond excessive fees and for those unfamilar with this structure can place them even more in debt that they could imagine.
@Anonymous wrote:
Id ask for $100 CL.
Don't forget your include your $144 annual fee
What a deal !!
Congrats on your approval (snicker....)
@Anonymous wrote:
AF can not be more than 25% of CL.
$100 = $25 AF.
Part of card act correct?
@joedtx wrote:From time to time regardless of CS we all get these 'Preapprovals" from First Premier, Credit One etc this is just a reminder of why these predatory lenders have deep pockets and will continue to blindly send out these solicitations to everyone. Its shamefull that those rebuilding and with the most need turn to these types. It is fair for a business to charge an elevated fee based on their risk, but this is structured to simply generate beyond excessive fees and for those unfamilar with this structure can place them even more in debt that they could imagine.
That **bleep** is some crazy **bleep** **bleep**!!!!

@CreditCuriousity wrote:
@Anonymous wrote:
AF can not be more than 25% of CL.
$100 = $25 AF.Part of card act correct?
Yes!