Whatever they may imply, they are a buying club not a general credit card. This company has sent me numerous mailers over the last year. They are NOT capable of credit repair; the “service” is for overstock hard-to-move merchandise at astronomical prices- laptops, televisions, everything is easily double the cost at any of the other online prices I checked. The website prices are blocked to “non-members” . The phone representative refused to give prices, stating (with a colleague coaching in the background) that it was “competitively priced” name brand merchandise. Unfortunately, they did manage to entice an elderly, disabled neighbor into giving them her banking information, and she has had a very tough time getting her money back. For those of you concerned bout loved ones in this situation, I would recommend consulting with your banking officer. Also, the “refund” the agent promised was worthless since the 30 day refund is contingent upon return of the catalog and other materials, which did not arrive till a few days before the refund period expired.
The letter is densely packed with hard-to-read fine print. The best answer to the question of legitimacy is probably provided by LPC, Inc, themselves. Simply read the fine print these people put on the back of their letter to get a good idea of where they are coming from, the lengthy "dispute resolution process goes into great detail about the rights and privileges of any poor soul unwary enough to do business with them The concluding paragraph sums it up nicely:
: You understand and agree that you are A) hereby waiving your right to have a trial by jury to resolve any claim B). You are hereby waiving your right to have a court (other than the exceptions specifically addressed by this document i.e. small claims court) resolve any claim and C) you are hereby waiving your rights to join or consolidate claims with the claims of others, or serve or participate as a representative or member of a class making any such claims or in the capacity of a private attorney general in any lawsuit or arbitration involving a claim without written consent from us.
What do they mean by claim? They define that as well.
…claim refers to the broadest possible meaning and includes claims of every kind and nature including without limitation any and all claims, disputes and controversies arising under and relating to tort (including injury related to negligence or intentional conduct) contract or broken promises, common law or equity fraud, statute, rules, regulation, the Constitution including and without all federal and state disclosure electronic fund transfer retail installment account, debt collection, lending, privacy, warranty, insurance, service contract, product liability, unfair business practice, misrepresentation, unfair competition and other consumer protection statutes, laws, and regulations, examples of such rules include without limitation the Federal Trade Commission act, , the Electronic Fund Transfer Act, the Truth in Lending Act, the Fair Debt Collection Practices Act, the Fair Credit Billing Act, the Electronic Signatures Act, the Fair Credit Reporting Act, the Credit Repair Organizations Act ,the Equal Credit Opportunities Act and regulations issued there under and equivalent state statutes, laws and regulations. The provisions of this section will survive payment, termination, or closure of your account or your bankruptcy. If any provisions of this section are deemed invalid or unenforceable, the remaining provisions of this agreement shall survive and remain fully enforceable, regardless of such determination of invalidity.
They seem to be trying to pull off a legal "bait and switch", and protect themselves from any kind of accountability for their actions. Are they a scam? Probably. Do they get away with it? Most likely.
This Beaverton, Or company hides behind a cloud or legal jargon, and based on their cardholder agreement, have little to offer people in need of credit or credit repair. And they have gone to great lengths to set up a system to get money from you.
wow,i just got one of these card offers in the mail.i knew right away it was an on-line store card from somewhere.i'm just glad people like you take the time to break it down for everyone.these wannabe company's are amazing at STEALING from ppl.Thanks again!
If you ignore the explintation of the program when you sign up (that 5 or 10 minutes when somebody was talking to you telling you what the card is good for), you will be upset. Your counting the limit you can max out instead of paying attention. They tell you several times its a merchant card, like from a store. Lesson of the day: turn off the tv when applying for credit.
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