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Sunday, December 16, 2007

What are the Five Worst Credit Card Companies?

According to Calvin Brown (of Credit Restore, Inc.), Houston Business Show Advisor on Credit Strategies, you are going to recognize them immediately.

On Friday's Houston Business Show (M-F at 11 AM on CNN 650), I interviewed our new Houston Business Show Advisor and Calvin pointed out the five worst credit card companies.
Here’s a quick run down of the five companies that have a reputation of destroying a client’s credit and even their financial reputations:

* Bank of America. The largest bank of America has a terrible reputation at damaging one's economy. The purchase of a smaller credit firm has weakened the economic structures of the larger company.

* Discover Financial. One of the hardest cards to get is one that you might want the least.

* Capital One. In spite the nifty commercials that position themselves as the savior of credit card users, they have a reputation of worsening one's credit situation.

* World Financial Network National Bank (WFNNB). You don't know this company because they underwrite the credit efforts of many other firms. But when you get something financed, they might be the ones underwriting it.
* Washington Mutual/Providian. Another company that has suffered from the practices of its acquisitions.

These companies’ are all noted for being unforgiving, rude customer service, overextending credit, and weak ID theft controls.

Calvin went into detail on these companies and has developed a report that he is making available upon request plus five others. For that list of the top ten and details why they were chosen, ask for a report at Info@HoustonBusinessShow.com.


Kevin Price is Host of the Houston Business Show, M-F at 11 AM on CNN 650.

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1 Comments:

Anonymous ASAP Credit Card said...

We'd love to get your feedback. We recently started a poll on the Best and Worst Credit Card Issuers. Feel free to stop by and give us your opinion.

10:13 AM  

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