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Old 06-02-10, 08:12 PM
spurscrazed's Avatar
spurscrazed spurscrazed is offline
SpursReport 2012 Pick The Winner Champion
Join Date: Oct 2002
Location: San Antonio, Texas
Posts: 9,375
Question about Credit cards for people with bad credit

I have this friend who is going through a Foreclosure and he filed for bankruptcy to get away from all the creditors. His credit is already ruined by the late payments and so forth.

He lost his credit cards because of the bankruptcy.

Anyone knows if those credit card companies who say they would give you credit card with bad credit are legit or just a scam?

One example is:

American Octane Black Card Unsecured

100% Approval regardless of past credit
0% APR
Credit limits between $1000 and $10,000
Build new credit (no purchase necessary)
Reports to Major Bureaus
$99 One-time Fee
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