King's New Anti-theft Credit Card Updated
The Guilford Bank has joined the credit card ranks by offering the new anti-theft "Whips N Chains" consumer credit card. Using a simple plan followed by other credit card companies to prey on consumers with little or no credit, the new card guarantees no one can use the card if it is stolen or lost. "Each card is issued with a $4000 line of credit," the King said. "But with our upfront fees, the consumer is already up to the limit before they make a purchase. If someone steals the card they won't be able to buy anything with it. It's guaranteed anti-theft and legally in tune with the endless screwing other major credit card companies now give the average consumer." Mandy Cribbits, a consumer credit advocate, advises weighing the advantages of the Guilford card against the drawbacks before signing anything. Read the small print. ADVANTAGES 1. Anyone can get the card. 2. Looks good on credit report because no late payments are reported. ...