Household Finance Check

Discussion in 'Credit Talk' started by JacquiG, Sep 21, 2001.

  1. JacquiG

    JacquiG Well-Known Member

    Well, I was going to call this "Friday Mail Call", but I think this deserves a topic all its own :)

    They sent me a check for $6K, with a special congratulations for my total credit line of $7K. Not only that, I got a 'coupon' for another $500 just for the asking. The catch? 29.9% interest!! Plus a $50 annual fee, "due and payable on the date that my Personal Credit Line Account is established ..."

    Do people really sign these checks?
  2. RichGuy

    RichGuy Well-Known Member

    That appeal is hard to resist. Providian became a major bank by issuing cards that REQUIRED you to accept a cash advance with the card. Then they would call you to get you to accept more cash advances.

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