First Premier Bank ripoff ..Looking for information.
I just recieved an application for First Premier Bank Gold Mastercard. I was wondering if there is anyone out there that has had any experience with them? I am looking for a credit card to help fix and improve my credit. Any information would be greatly appreciated.
popemichelle@yahoo.com
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1 Updates & Rebuttals
Keith
Crowley,Louisiana,
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#2UPDATE Employee
Mon, March 25, 2002
So many people with poor credit will jump at the chance for a credit card without reading the terms and conditions of that credit card being issued.
This company will issue an unsecured credit card however the inital fees are high. This is to cover the risk the company is taking in issuing credit to a credit risk.
Payments are a little slower to process because the company verifies that they have received the funds before crediting available credit to your account. Otherwise a check could bounce and now they are out the avaliable credit and the funds from the bogus payment.
This is a good offer to those individuals who have not properly maintained their credit in the past but now wish to remedy this. It will cost you more but if you want to re-establish this is the price you will have to pay.