has anyone ever heard of LPC credit compnay where you get an amount of credit to shop in the LPC catalogue with the credit limit? Then they charge 50$ or 10% (whichever is greater) to your checking account?
2006-12-01 08:19:04 · 5 answers · asked by wondering 1 in Business & Finance ➔ Credit
yes it sounds like one
2006-12-01 08:22:12 · answer #1 · answered by Zizi 2 · 0⤊ 0⤋
Yes, definitely. There are several similar scams out there. Why would you want to pay extra for something that probably is already inflated. These scams usually prey on .young/older people or those with minimal incomes or inferior credit reports..
Some scams ask you to deposit X number of dollars in tjheir account before issuing you a "credit card". The amount of money you deposit would be your "credit line."
2006-12-01 08:36:39 · answer #2 · answered by casrcitizen 2 · 0⤊ 0⤋
Sounds like a scam to me.... Why don't they just tack the $50/10% charge right onto the bill you rack up in their store?
2006-12-01 08:22:42 · answer #3 · answered by dapixelator 6 · 0⤊ 0⤋
There are lot's of "catalog" companies, but you have to shop within their catalog. That's fine if that's what you want to do; for most of us, we want to shop elsewhere. Do yourself a favor and get a credit card, that will allow you to buy from anyplace, whenever you want.
2006-12-01 08:26:48 · answer #4 · answered by Kevin K 3 · 0⤊ 0⤋
When in doubt,bail.
2006-12-01 08:26:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋