Archive for the ‘Public service announcement’ Category:
Alert: Union Workers Credit Services
I got mail today from a company called Union Workers Credit Services, announcing that I had been pre-approved for a $10,000 credit line with a 5 percent interest rate. Suspicious due to the fact I in no way qualify for a $10,000 credit line, I examined the small print. This is yet another one of those stupid so-called “credit cards” that can only be used to purchase products from the company issuing the card.
I wasn’t going to fall for it anyway, but I Googled the company name to see if there had been any complaints. I wasn’t disappointed. I think some of the complaints are coming from people who don’t read the fine print (which is a bad idea anyway, but disastrous for credit and loan offers), but apparently some people sent in their $37 and never heard from the company, which places the responsibility for sucking to high heaven squarely upon UWCS’s shoulders.
These issues aside, the company is deliberately making itself look as though it is affiliated with a union, which to me is dastardly in its own way. Unions suffer from enough bad press–some of it deserved, some of it not–and don’t need crap like this making their reputations worse.
Anyway, Union Workers Credit Services? Bad idea. No touchy. You don’t need a $10,000 credit line anyway, not unless you have $5000 in debt and want to fix your debt/credit ratio. Of course, that only works if you never use the credit line. And how many people can say that about themselves?
