This company offers a "credit card" promising high limits if you pay them $150-200. You can only use this card for buying from them at inflated prices... that is if you get the card. They take the money out of your bank account over a 3-4 week period and then you start getting "premiums" from their partners that charge you $50-100 for bogus services, also taken out of your bank account often before you even know it.
CBS did a story on this:
"A lawsuit filed last month accuses a man named Ricardo Martinez and three others of running this scam under many names: American Credit Solutions, Hartford Auto Club, Capital Choice Consumer Credit...
Martinez wouldn't come out of his gated Miami Beach mansion to answer our questions. But the gates may be closing in on him in two weeks when he is sentenced for mail fraud in another scam. As for his credit card scheme, the FTC is trying to shut him down and says there could be hundreds of thousands of victims."
They frequently change their name so you don't know you are dealing with these people:
"These are some of the company names allegedly used for the scam, according to the lawsuit filed against Martinez:
American Credit Solutions, AIM Warehouse, Alini, International Market, AllCredit Savings, American Financial Savings Benefit, Assail, C.M.S., Consumer Marketing Services, American Financial Saving Benefits, Capital Choice Consumer Credit, Central Intel Communication, Continental Auto Rescue, Comcard America, Consumer Credit Solutions, Credit Processing Center, CreditMart, Ecommex Corporation, E-Credit Solutions, G.B.I., Global Banking Investments, Global Retrieval Systems, Minute Mega Saver, Hartford Auto Club, Household Protection, Infinity, Millennium Communications and Fulfillment, Multi Media, National Credit Service, National Credit Shopper, National Research Group, Nationwide Cellular, NCS, Platinum Plus, Premium Mega Saver, Merchandise Credit Shield 2000, VISA World, and Zentel Enterprises."
The auto club has already been changed to "westbrook auto". There is a refund clause in the agreement and we are trying to invoke it for my college student who got suckered into this. Beware.
If you are a victim contact the FTC!!!
great falls, Montana