Legal News - 'Aspire Visa' Credit Cards Use False Claims, Class Says
Legal News Home page Click here to add this website to your favorites
Bar News Search >>>

Compucredit Corp. pushes its "subprime credit card under the brand name Aspire Visa" by falsely claiming that people with poor credit can use it to "improve your credit rating," a class action claims in Federal Court. Compucredit promised there was "no deposit required" to get $300 in credit, but immediately took $185 from people who applied, the class says.

Compucredit's massive marketing through the Internet and direct mail falsely state that "there was 'no deposit required' ... and that consumers would immediately receive $300 in available credit when they receive the Aspire Visa credit card," the complaint states.

But in fact, "When a consumer opened an Aspire Visa credit card account, Compucredit uniformly assessed charges for an 'account opening fee finance charge' of $29, an 'account maintenance fee' of $6.50, and an 'annual fee' of $150 to the account. All of these fees were immediately assessed against the $300 credit limit, resulting in an available credit limit to the consumer of approximately $115," the complaint states.

Plaintiffs are represented by Steven Martino.

Breaking Legal News  |  Headline News  |  Law Center  |  Legal Business  |  Court News  |  Law Firm News  |  Legal Interviews |  Political and Legal
Practice Focuses  |  Legal Spotlight  |  Events & Seminars  |  Legal Marketing  |  Court Watch  |  Immigration  |  Press Releases
International  |  Politics  |  Justice Stories  |  Web Design for Law Firms  |  Celebrity Courthouse
Law Promo's specialty is law firm web site design. Awesome Law Firm Web Design Company by Law Promo
© The Legal News Journal. All rights reserved.