e platinum plus & the first premier prepaid mastercard

js78

I was just on facebook & the above flyer popped up

http://www.creditapproval-uk.com/approved/index.php

Now I rang this company to see as it states it reports to credit bureaus upon calling them their american operator stated call credit. So I rang call credit who would not disclose yes or no if they report e platinum plus account history.

I have briefly read the terms and conditions of their product it has no credit agrement i can see refering to section 75 & as such is not to my knowledge a credit based product, but a shopping club of sorts?

Please can someone set me straight as I cannot afford to lose £80 odd on another con.

Many thanks John

LeeSouthEast

It's not a credit card. It's a shopping club.

[Deleted User]

Looks like a pile of poop to me.

skyrider007

It is a big scam, do not fall for it!

bingy_burge

yeh 99.95 up front with £5k limit.

Sounds a scam.

You will probabli get a prepaid master card with no credit for £100 quid.

ElkyElky

bingy_burge wrote: »

yeh 99.95 up front with £5k limit.

Sounds a scam.

You will probabli get a prepaid master card with no credit for £100 quid.

It is a scam.

They prey on the desperate people who has very bad credit histories, giving them a false sense of hope that E-Platinum is the way forward to rebuilding their credit file, not to mention the attractive £5000 limit that you get to spend on their website only.

It is not a credit card. You cannot go out on a shopping spree. It is a shopping club. You can only buy products from their own website, using the card. I assume the prices of these products are highly inflated. Many people has signed upto this thinking it's brilliant and their credit file will be improved in no time.. only to see they've been charged rediculously high fees when their bank statements arrive.

The charges are only stated in the terms and conditions and a lot of people don't bother to read them, which I think they've only got themselves to blame if they fall for this scam. People who don't read terms and conditions when signing up for things get no sympathy from me.

Unfortunately, the only reason why this 'business' is still legal is only because they state it in the terms and conditions. :mad: