Got a call from this number - someone with a foreign accent offered me a $5000 Cambridge credit card, and asked me for personal information. I told him I do not give that kind of info out over the phone, and he reassured me that it was a "T1 secured line." Sadly, a lot of people would probably buy his line.
I just want to tell everyone reading this to never apply online for thos automatic approval loans. I applied for a debt consolidation loan from a bank I did not recognize, big mistake, and I was denied for the loan.
Ever since then I've had to deal with Apu calling me 24-7 telling me that I've been pre approved for some bogus loan... it's a new loan every time, but it's always the same number calling about it.
Kept receiving calls from them. Finally answered to find out who this is. They said they got my number from Trans Union since I was denied credit. They want to help me build my credit score. They said I was approved for a Cambridge Credit Line account with a line of $5000 and a cash advance of $1000. They say there is not interest, no annual fee, no charges, etc.
They kept asking for my bank account information to deposit the $1000. I told them I will not give this information over the phone. When I said send me information and I will research this, they gave me all the information on the company and said they would call me back later.
Called me the next day (today). I asked for a supervisor. The "supervisor" gets on the phone and tries to complete the sale. I tell him I do not understand this offer, he explains it again. I ask if I could transfer another credit card balance to this card. He says yes. (How can this be when it is not a VISA/MC/AMEX?)
This card is a credit account with an online store to buy products from their store. I called the 800 number on their website. The rep there told me that I would pay $250 up front to get this account started which would be refunded later in the form of vouchers. He stated the initial caller should have informed me of this because it would have been deducted from my bank account.
Although the rep was up front with me, I would caution anyone not to do business with this company as they outsource there telemarketing with companies that employ deceptive methods to complete the sale.