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 Posted: Sun Feb 18, 2007 6:25 pm Subject: Has anyone heard of... |
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Just wondering if anyone has heard of Continental Finance Mastercard?? I got the app by email...
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natdust20
Joined: 19 May 2006
Posts: 1345
Debtcc Points: 14935
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| Posted: Sun Feb 18, 2007 6:35 pm Subject: |
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Yep, and in my opinion, don't send the app back in. Once you get the card and call to have it activated, they will ask you to set up a post-dated payment for your first payment  Mine is charged off right now due to not being able to make payments b/c of pdls. I'm paying a CA right now and with three more payments, I'll be done.
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brownsugar
Debt Samaritan
Joined: 08 Oct 2006
Posts: 1408
Debtcc Points: 13964
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| Posted: Thu Mar 29, 2007 1:19 am Subject: |
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I have the CF MasterCard. Yes, they asked me to set up a post-dated check for the first payment, but I told them no and they were okay with it. I've had it since January and they have reported good payment history twice (Feb. and March) and my credit score has already gone up 10 points.
It may not be for everyone -- there is a lot of debt to pay back from the get-go with all the fees, but from what I understand there are regular credit line increases and after a few years of good payment history you don't have a monthly service charge anymore. (I'm biding my time for that one.)
My credit is really in the trash so that 10 point increase is cause for celebration. I would recommend it because of my good experience with it.
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michikade
Joined: 23 Jul 2006
Posts: 20
Debtcc Points: 717
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| Posted: Thu Mar 29, 2007 3:16 am Subject: |
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Who are they, I never heard of them. Are they high interest or something that they want a post dated check? How could they do a check, when they don't know what your balance will be?
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Working my way out of this debt, one day at a time!
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fedupinpa
Moderator
Joined: 22 Jan 2007
Posts: 1666
Debtcc Points: 21375
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| Posted: Thu Mar 29, 2007 3:51 am Subject: |
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Here's a site that has information about them and their program. cfccard(dot)com
Its a card for establishing or re-establishing credit. Just make sure you read EVERYTHING completely before applying. There are a lot of up-front fees (like a lot of cards for people with bad or no credit) but their program seems reasonable so far. And they do for sure report to the credit bureaus.
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michikade
Joined: 23 Jul 2006
Posts: 20
Debtcc Points: 717
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