• Report: #400433

Complaint Review: Aspire

  • Submitted: Thu, December 11, 2008
  • Updated: Tue, January 20, 2009

  • Reported By:Melbourne Florida
Aspire
Columbus, Georgia U.S.A.

Aspire closed husbands account for NO REASON Columbus Georgia

*Consumer Comment: Here's another way to look at it.

*Consumer Comment: Stiiiiill waiting for the proof deadbeat.

*Consumer Comment: The only fraud here Is john

*Consumer Comment: I have the right to make comments without being harassed

*Consumer Comment: Post proof as we have asked deadbeat.

*Consumer Comment: Get over It john

*Consumer Comment: Get over It john

*Consumer Comment: Get over It john

*Consumer Comment: No, what's dirty is being a deadbeat

*Consumer Comment: This Is dirty

*Consumer Comment: CREDIT CARD PROGRAMS ARE DISCONTINUED ALL OF THE TIME.

*Consumer Suggestion: This is one bad company!

*Consumer Suggestion: This is one bad company!

*Consumer Suggestion: This is one bad company!

*Consumer Comment: They were sued by the FTC

*Consumer Comment: Where's the rip off?

*Consumer Comment: Where's the rip off?

*Consumer Comment: Where's the rip off?

*Consumer Comment: Where's the rip off?

*Consumer Suggestion: aspire ripping people off and closing accounts..... no reason

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My husband had an aspire account for 2-3 years. And today 12/11/2008 we received a letter stating that account will be terminated but was still expected to make monthly payments.
My husband called and was told that company made a "managment decision" to close all accounts because of bad economy and that interest would still be included in payment.

So..they close a good account for no reason and then still expect a monthly payment AND interst. What a rip-off. Do we as consumers have any say in any of this. We are trying really hard to keep our credit straight since we paid off all bad credit last year and now this happens. What are we supposed to do.

All these companies are getting goverment help to save their butts because they made bad decisions to give people home loans and what not and now they are scrambling to break even. And in the meanwhile the "good consumers" are getting screwed in the end.

Who's pockets are these payments going in? If anyone can help us we would all really appreciate any help we could get.

Laura
Melbourne, Florida
U.S.A.

This report was posted on Ripoff Report on 12/11/2008 04:31 PM and is a permanent record located here: http://www.ripoffreport.com/r/Aspire/Columbus-Georgia/Aspire-closed-husbands-account-for-NO-REASON-Columbus-Georgia-400433. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

Here's another way to look at it.

AUTHOR: Nikki - (U.S.A.)

Aspire is not closing your husband's account to punish him. Aspire is closing accounts because it can no longer be in the business of extending credit. That doesn't mean you don't still owe them for the credit they did extend to you.

Say you know someone that you were able to borrow money from. You always pay them back, ontime, at the terms of the loans. One day, that person says to you, "Look, I am in a financial harship and I can no longer loan you any more money." Do you say to that person, "Well, since you can't loan me anymore money, I shouldn't have to pay you back for the last loan."? Of course not. That's ridiculous.

I don't have an Aspire card, but I can imagine this same scenario happening over and over again in the near future.
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#2 Consumer Comment

Stiiiiill waiting for the proof deadbeat.

AUTHOR: John - (U.S.A.)

'The only fraud here Is john'

Please post proof of this.

'The only fraud here Is john.'

>>Why do you repeat yourself? It will not make it come true.

'I am not the fraud I just make complaints about my experinces with businesses only.'

>>It has been proven with your own words that you are a fraud....and a liar....and a deadbeat....and a thief. I have proven it.

'John think's everyone Is a fraud he Is fraud & liar.'

>>Post proof please as has been asked for over and over. I know you are a fraud as I have proven so with your own words.

'He defends bad business practice why do you think he harass's people here on rip-off report cause he knows he can get away with It.'

Again, post proof please. Why must you lie?

'I have put up with people like him from day 1, but I will not give In cause he say's I am a fraud or a deadbeat.'

>>You don't have to...I like exposing you.

'And I will not keep quiet.'

>>I know you won't but by the fact that you won't you make yourself to be the lying fraud you are.
When are you going to leave us like you promised in your fraudulent schneider report? We are still waiting for that to not be a lie also.
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#3 Consumer Comment

The only fraud here Is john

AUTHOR: Charles - (U.S.A.)

The only fraud here Is john. I am not the fraud I just make complaints about my experinces with businesses only. John think's everyone Is a fraud he Is fraud & liar.

He defends bad business practice why do you think he harass's people here on rip-off report cause he knows he can get away with It.

I have put up with people like him from day 1, but I will not give In cause he say's I am a fraud or a deadbeat.

And I will not keep quiet.
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#4 Consumer Comment

I have the right to make comments without being harassed

AUTHOR: Charles - (U.S.A.)

I have the right to make comments without being harassed or being lied about. I could care less who doesn't believe me.


People think they can verbally abuse me.
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#5 Consumer Comment

Post proof as we have asked deadbeat.

AUTHOR: John - (U.S.A.)

'Get over It john. I am not going to waste my time arguing with you or anyone else. You are a liar.'

>>Yet another lie as here you are. Do you ever get tired of making things up? Please post proof of my alleged lies as I have posted definitive proof of your fraud and lies.

'My business Is my business & you need to mind your own business & quit trying to get into everyone elses business.'

>>You're right yet you insist on boring us with posting you crap on this site fraudulently. And yet here you are trying to get into the OP's business.

'It Is none of your business.'

>>You've made it everyone's business by posting it on the internet.
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#6 Consumer Comment

Get over It john

AUTHOR: Charles - (U.S.A.)

Get over It john. I am not going to waste my time arguing with you or anyone else. You are a liar.

My business Is my business & you need to mind your own business & quit trying to get into everyone elses business.

It Is none of your business.
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#7 Consumer Comment

Get over It john

AUTHOR: Charles - (U.S.A.)

Get over It john. I am not going to waste my time arguing with you or anyone else. You are a liar.

My business Is my business & you need to mind your own business & quit trying to get into everyone elses business.

It Is none of your business.
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#8 Consumer Comment

Get over It john

AUTHOR: Charles - (U.S.A.)

Get over It john. I am not going to waste my time arguing with you or anyone else. You are a liar.

My business Is my business & you need to mind your own business & quit trying to get into everyone elses business.

It Is none of your business.
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#9 Consumer Comment

No, what's dirty is being a deadbeat

AUTHOR: John - (U.S.A.)

and welching on contracts then lying about it on a public mesage board like you know what you are talking about.
You cry in the collection threads that you have no money, how do you buy your jewelry, panties, and dresses from QVC then?
Why are you crapping in someone else's complaint and trying to make it about you as you always do?
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#10 Consumer Comment

This Is dirty

AUTHOR: Charles - (U.S.A.)

This Is dirty to close someones account which Is In good standing, then they allowed to charge you interest.

This Is dirty pool to treat a good standing custormer that way. And to cause people all this inconvenience for no reason.

Aspire, plains commerce bank, tribute card salute card are all scams.

How do they accept people to rebuild there credit If they just close there accounts for no reason.

All these credit card programs to help you rebuild your credit are fraud.

They take all the money they can from people, then they close there account for no reason It makes perfect sense why they are closing there account.

They got everyones money.
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#11 Consumer Comment

CREDIT CARD PROGRAMS ARE DISCONTINUED ALL OF THE TIME.

AUTHOR: Sherri - (U.S.A.)

If you read the disclosures that came with your card, it is in black and white. For whatever reason, Compucredit discontinued several subprime cards, which they are legally entitled to do. If the prime cards are cutting credit lines and doing account closures, you can imagine how scared the subprime card issuers must be.

I'm sorry this happened to your husband, but unfortunately, they were well within their legal rights.
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#12 Consumer Suggestion

This is one bad company!

AUTHOR: Pardel - (U.S.A.)

After reading the lawsuit, posted by Robert, filed by the FTC against Jefferson Capitol and Compucredit (Aspire credit card) it appears the Aspire Credit Card was nothing put a scam of a junk debt buyer to get debtors with un-collectible debts (debt over the Statue of Limitations, debt to old to be reported on the debtors credit report, ect ) to pay the charged-off debts. Looks like your lucky they are cancelling your account.

Unfortunately the debtors have been tricked into re-activating old debts and have now restarted the clock. So any old debts transferred to the Aspire card is once again collectible.

Note: (foot notes from suit file by FTC)

**CompuCredit and Jefferson Capital have marketed the Majestic Visa credit card and/or other financial products through a unified marketing program or programs that relied on the interrelationship between the companies. CompuCredit's Aspire Visa program, as well as other programs in which CompuCredit marketed high-fee credit cards, also depended on the interrelationship between CompuCredit and Jefferson Capital, with Jefferson Capital playing an integral role in collecting the charged-off receivables (often including assessed fees) that CompuCredit generated through its Aspire Visa cards.**

**CompuCredit's credit card business consists principally of marketing, lending, servicing and debt collection activities. Through contractual arrangements with various banks, CompuCredit has marketed subprime credit cards to
consumers under multiple brand names, including but not limited to Aspire, Aspire A Mas, FreedomCard, Tribute, Imagine, Majestic, Aspen, Emerge and Fingerhut Credit Advantage. The banks with which CompuCredit has contracted to market these cards include but are not limited to Columbus Bank & Trust Company (CB&T), which has issued a significant number of CompuCredit's subprime cards.**

**Jefferson Capital and CompuCredit also have led consumers to believe that by accepting the Majestic Visa card offer, their formerly charged-off debt would be satisfied and they would be building new credit. In fact, for a significant period of time, the Majestic Visa program itself has been a debt collection device, not new credit.**

**Since approximately 2004, CompuCredit has marketed Visa credit cards to consumers with unpaid debts that have been charged off by prior creditors, including debts that were no longer subject to suit under the applicable statute of limitations and debts that were no longer being reported by consumer reporting agencies because they were outside the seven-year limitation period set forth in Section 605 of the FCRA, 15 U.S.C. 1681c.**

Bottom line this card was nothing but a scam!
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#13 Consumer Suggestion

This is one bad company!

AUTHOR: Pardel - (U.S.A.)

After reading the lawsuit, posted by Robert, filed by the FTC against Jefferson Capitol and Compucredit (Aspire credit card) it appears the Aspire Credit Card was nothing put a scam of a junk debt buyer to get debtors with un-collectible debts (debt over the Statue of Limitations, debt to old to be reported on the debtors credit report, ect ) to pay the charged-off debts. Looks like your lucky they are cancelling your account.

Unfortunately the debtors have been tricked into re-activating old debts and have now restarted the clock. So any old debts transferred to the Aspire card is once again collectible.

Note: (foot notes from suit file by FTC)

**CompuCredit and Jefferson Capital have marketed the Majestic Visa credit card and/or other financial products through a unified marketing program or programs that relied on the interrelationship between the companies. CompuCredit's Aspire Visa program, as well as other programs in which CompuCredit marketed high-fee credit cards, also depended on the interrelationship between CompuCredit and Jefferson Capital, with Jefferson Capital playing an integral role in collecting the charged-off receivables (often including assessed fees) that CompuCredit generated through its Aspire Visa cards.**

**CompuCredit's credit card business consists principally of marketing, lending, servicing and debt collection activities. Through contractual arrangements with various banks, CompuCredit has marketed subprime credit cards to
consumers under multiple brand names, including but not limited to Aspire, Aspire A Mas, FreedomCard, Tribute, Imagine, Majestic, Aspen, Emerge and Fingerhut Credit Advantage. The banks with which CompuCredit has contracted to market these cards include but are not limited to Columbus Bank & Trust Company (CB&T), which has issued a significant number of CompuCredit's subprime cards.**

**Jefferson Capital and CompuCredit also have led consumers to believe that by accepting the Majestic Visa card offer, their formerly charged-off debt would be satisfied and they would be building new credit. In fact, for a significant period of time, the Majestic Visa program itself has been a debt collection device, not new credit.**

**Since approximately 2004, CompuCredit has marketed Visa credit cards to consumers with unpaid debts that have been charged off by prior creditors, including debts that were no longer subject to suit under the applicable statute of limitations and debts that were no longer being reported by consumer reporting agencies because they were outside the seven-year limitation period set forth in Section 605 of the FCRA, 15 U.S.C. 1681c.**

Bottom line this card was nothing but a scam!
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#14 Consumer Suggestion

This is one bad company!

AUTHOR: Pardel - (U.S.A.)

After reading the lawsuit, posted by Robert, filed by the FTC against Jefferson Capitol and Compucredit (Aspire credit card) it appears the Aspire Credit Card was nothing put a scam of a junk debt buyer to get debtors with un-collectible debts (debt over the Statue of Limitations, debt to old to be reported on the debtors credit report, ect ) to pay the charged-off debts. Looks like your lucky they are cancelling your account.

Unfortunately the debtors have been tricked into re-activating old debts and have now restarted the clock. So any old debts transferred to the Aspire card is once again collectible.

Note: (foot notes from suit file by FTC)

**CompuCredit and Jefferson Capital have marketed the Majestic Visa credit card and/or other financial products through a unified marketing program or programs that relied on the interrelationship between the companies. CompuCredit's Aspire Visa program, as well as other programs in which CompuCredit marketed high-fee credit cards, also depended on the interrelationship between CompuCredit and Jefferson Capital, with Jefferson Capital playing an integral role in collecting the charged-off receivables (often including assessed fees) that CompuCredit generated through its Aspire Visa cards.**

**CompuCredit's credit card business consists principally of marketing, lending, servicing and debt collection activities. Through contractual arrangements with various banks, CompuCredit has marketed subprime credit cards to
consumers under multiple brand names, including but not limited to Aspire, Aspire A Mas, FreedomCard, Tribute, Imagine, Majestic, Aspen, Emerge and Fingerhut Credit Advantage. The banks with which CompuCredit has contracted to market these cards include but are not limited to Columbus Bank & Trust Company (CB&T), which has issued a significant number of CompuCredit's subprime cards.**

**Jefferson Capital and CompuCredit also have led consumers to believe that by accepting the Majestic Visa card offer, their formerly charged-off debt would be satisfied and they would be building new credit. In fact, for a significant period of time, the Majestic Visa program itself has been a debt collection device, not new credit.**

**Since approximately 2004, CompuCredit has marketed Visa credit cards to consumers with unpaid debts that have been charged off by prior creditors, including debts that were no longer subject to suit under the applicable statute of limitations and debts that were no longer being reported by consumer reporting agencies because they were outside the seven-year limitation period set forth in Section 605 of the FCRA, 15 U.S.C. 1681c.**

Bottom line this card was nothing but a scam!
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#15 Consumer Comment

They were sued by the FTC

AUTHOR: Robert - (U.S.A.)

you can read the complaint at the FTC website:

http://www.ftc.gov/os/caselist/0623212/080610compucreditcmplt.pdf
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#16 Consumer Comment

Where's the rip off?

AUTHOR: Dave - (U.S.A.)

Companies have the right to close accounts. If they closed the account keep making payments and pay them off per the terms of the disclosure.
After all you barrowed the money so why do you feel it's a rip off to pay it back?

The positive side of this is that you will have less debt.
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#17 Consumer Comment

Where's the rip off?

AUTHOR: Dave - (U.S.A.)

Companies have the right to close accounts. If they closed the account keep making payments and pay them off per the terms of the disclosure.
After all you barrowed the money so why do you feel it's a rip off to pay it back?

The positive side of this is that you will have less debt.
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#18 Consumer Comment

Where's the rip off?

AUTHOR: Dave - (U.S.A.)

Companies have the right to close accounts. If they closed the account keep making payments and pay them off per the terms of the disclosure.
After all you barrowed the money so why do you feel it's a rip off to pay it back?

The positive side of this is that you will have less debt.
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#19 Consumer Comment

Where's the rip off?

AUTHOR: Dave - (U.S.A.)

Companies have the right to close accounts. If they closed the account keep making payments and pay them off per the terms of the disclosure.
After all you barrowed the money so why do you feel it's a rip off to pay it back?

The positive side of this is that you will have less debt.
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#20 Consumer Suggestion

aspire ripping people off and closing accounts..... no reason

AUTHOR: Denny - (U.S.A.)

they sent me a letter telling me i was removed and they took my card away. i have perfect score with them i dont understand, however i will not allow them to step on me. i am looking to have a federal review on them as well as suing in n a court of law. this is illegal and volating our federally protected rights. in saw we start a class -act lawsuit. any followers?
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