How Credit Card Companies And Credit Repair Firms Deceive Consumers
There are many credit card companies and repair firms these days that are fake and deceive customers. These are called scam companies. But the customers can complain the FTC and the FTC ensures protective and strict measures against the scam deals these companies make. For example: the FTC has taken charges against a company called the CompuCredit for using deceptive methods to receive money from the customers.
CompuCredit is known for issuing sub-prime credit cards. These are also known as credit cards for people who have a bad credit. They do so as they know that people with bad credit history would not get any opportunity from a reliable and well known company, so they take advantage by providing these customers with scam deals.
1) This company was charged fro deceptive marketing of their Visa cards as they did not disclose the total fee deduction to the customers.