The Truth About Avoiding Credit Scams: The Essential Truths in 20 Minutes

TRUTH 8 Advance fee credit cards

Getting by in our society without a credit card is difficult. Have you ever tried to pay for a rental car or make a hotel reservation without one? But getting a credit card may be difficult for people who have a bad credit history or a bankruptcy.

Legitimate credit card companies don’t charge you a processing fee for a credit card under any circumstances until you’re actually approved for the particular card.

Preying upon people who are desperate to get a credit card are scammers who place advertisements in legitimate newspapers and send out mass mailings offering credit cards with credit limits of as much as $7,500 regardless of your credit history. All you need to do is pay a processing fee, which may be anywhere ...