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First National Credit and their $15,000 credit offer
I received a mailing from First National Credit and here is what the Better Business Bureau has to say about them:
http://www.labbb.org/scripts/cgiip.exe/WService=wsbroker1/C%3A/Inetpub/wwwroot/SouthlandReport/default.htm?hCompID=13138491&hAKAID=2&hAddrID=1
First National Credit
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This Report was developed from various sources, including the business, governmental agencies, and the experience of the company's customers.
For further information contact the Better Business Bureau of the Southland
315 N. La Cadena, Colton, CA, 92324
(909) 825-7280
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First National Credit
27101 Aliso Creek Road Unit 126
Aliso Viejo CA 92656
Business Started: Unknown
File Open Date: 08/03/00
Last Report Date: 12/10/01
Principal Contact: Mahmoud Karkehabadi
Phone: (800) 799-1003
Fax: (800) 890-8282
EMail: Not Available
Web Address: http://www.firstnationalcredit.com
Bureau ID: 13138491
Nature of Business
This company's business is providing the sale of a credit card with a $15,000.00 credit limit for fees in advance.
Bureau File Experience
We rate this company as having an unsatisfactory business performance record. The company uses deceptive and misleading advertising to entice customers to send membership fees for a First National Gold Card. The company's solicitation letter contains an "Acceptance Certificate" that states approval for a "Gold Card" with a $15,000 credit limit and no interest for the first year. Consumers are asked to send $37 or $43 for rush processing of the card. Some recipients believe the company is offering a Visa or Mastercard. The company has a pattern of complaints alleging deceptive sales practices. Complainants allege that instead of a Visa or Mastercard, they receive a credit card which can only be used to purchase items from the company's catalog. The company's catalog contains ceramic objects typical of the kind sold in gift shops. Orders for any of the merchandise must be accompanied with a payment of 25% of the purchase price. In general, the complainants who received the gold card felt deceived. The company responds to some complaints by sending the gold card or by offering refunds if the package is returned. Other complaints remain unanswered by the company. On April 27, 2001, the California Attorney General's office filed a consumer protection lawsuit against this company and it's principals; Mahmoud Karkehabadi and Steven Golgolab. The complaint alleged that First National Credit used misleading solicitations to enroll customers in their credit card program. The case is currently pending. The Better Business Bureau does not endorse, recommend or disapprove of any company, product or service.
Additional Phone Numbers
There are no additional phone numbers for this company on file.
Additional Trade names
F N C Investments, Inc.
Additional Addresses
There are no additional addresses for this company on file.
http://www.labbb.org/scripts/cgiip.exe/WService=wsbroker1/C%3A/Inetpub/wwwroot/SouthlandReport/default.htm?hCompID=13138491&hAKAID=2&hAddrID=1
First National Credit
--------------------------------------------------------------------------------
This Report was developed from various sources, including the business, governmental agencies, and the experience of the company's customers.
For further information contact the Better Business Bureau of the Southland
315 N. La Cadena, Colton, CA, 92324
(909) 825-7280
--------------------------------------------------------------------------------
First National Credit
27101 Aliso Creek Road Unit 126
Aliso Viejo CA 92656
Business Started: Unknown
File Open Date: 08/03/00
Last Report Date: 12/10/01
Principal Contact: Mahmoud Karkehabadi
Phone: (800) 799-1003
Fax: (800) 890-8282
EMail: Not Available
Web Address: http://www.firstnationalcredit.com
Bureau ID: 13138491
Nature of Business
This company's business is providing the sale of a credit card with a $15,000.00 credit limit for fees in advance.
Bureau File Experience
We rate this company as having an unsatisfactory business performance record. The company uses deceptive and misleading advertising to entice customers to send membership fees for a First National Gold Card. The company's solicitation letter contains an "Acceptance Certificate" that states approval for a "Gold Card" with a $15,000 credit limit and no interest for the first year. Consumers are asked to send $37 or $43 for rush processing of the card. Some recipients believe the company is offering a Visa or Mastercard. The company has a pattern of complaints alleging deceptive sales practices. Complainants allege that instead of a Visa or Mastercard, they receive a credit card which can only be used to purchase items from the company's catalog. The company's catalog contains ceramic objects typical of the kind sold in gift shops. Orders for any of the merchandise must be accompanied with a payment of 25% of the purchase price. In general, the complainants who received the gold card felt deceived. The company responds to some complaints by sending the gold card or by offering refunds if the package is returned. Other complaints remain unanswered by the company. On April 27, 2001, the California Attorney General's office filed a consumer protection lawsuit against this company and it's principals; Mahmoud Karkehabadi and Steven Golgolab. The complaint alleged that First National Credit used misleading solicitations to enroll customers in their credit card program. The case is currently pending. The Better Business Bureau does not endorse, recommend or disapprove of any company, product or service.
Additional Phone Numbers
There are no additional phone numbers for this company on file.
Additional Trade names
F N C Investments, Inc.
Additional Addresses
There are no additional addresses for this company on file.
