Suit Filed Over Credit Card Scheme
State Attorney General Tom Corbett has filed a consumer protection lawsuit against an Erie man whose business allegedly deceived consumers about guaranteed credit card offers that would help people who have bad credit.
Richard Wood, doing business as New Card Services placed ads in newspapers across the state offering credit cards with a $7,500 limit, adding that approval was guaranteed and bad credit was OK.
According to the lawsuit, consumers who sent order forms to the company did not receive credit cards. They were sent a list of banks and businesses that issue cards. They were also told that no refunds would be issued unless all the companies on the list rejected them. But the refund requests had to be submitted within 30 days, which gave consumers little chance of qualifying for the refund.
For more information, go to the attorney's general Web site.
Richard Wood, doing business as New Card Services placed ads in newspapers across the state offering credit cards with a $7,500 limit, adding that approval was guaranteed and bad credit was OK.
According to the lawsuit, consumers who sent order forms to the company did not receive credit cards. They were sent a list of banks and businesses that issue cards. They were also told that no refunds would be issued unless all the companies on the list rejected them. But the refund requests had to be submitted within 30 days, which gave consumers little chance of qualifying for the refund.
For more information, go to the attorney's general Web site.
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