US Capital Financial Services

This company claims to be a financial marketing company selling marketing leads for various companies. Among other services, the company promotes a Tru-Platinum catalog credit card offer for an advance activation fee of $49. The cardholder is offered a $5000 line of credit without any credit check with guananteed approval or pre-approval status.

Our experience with similar companies has been that the credit-line can only be used to purchase items from a catalog supplied by the company issuing the card. Often called gold or platinum cards, they sound like bank credit cards, but are not. In some cases, merchandise in the catalog's is overpriced by 50 percent or more, so you vastly overpay for the credit. Some cards require a large down payment (between 40-85 percent of the price) to cover the seller’s product cost. The company thus loses nothing by offering extensive credit even with no credit checks because later payments become pure profit to the seller.

Other credit offers inevitably accompany the cards: expensive application, memberships, or order processing fees. While these companies claim there are no interest charges, the interest is hidden within the inflated price. These catalog companies seldom report to credit bureaus, so despite their claims, you cannot rebuild credit by dealing with them. They are simply a very easy way to obtain expensive products with very expensive credit!