debt
 






 

Question by  jsif (10)

What is a Legacy Card?

I have bad credit, and someone suggested I get one.

 
+6

Answer by  patti (29325)

The Legacy Card is a prime example of predatory lending. The card is issued by invitation (to consumers with poor credit). There is a hefty fee for the card and a monthly fee as well as a high rate of interest and ridiculous penalties for a host of infractions. The card does nothing to repair credit. Paying debts does.

 
+5

Answer by  Sarah62 (12)

A legacy card is a card for people with bad credit. By using it you can help your credit get to a better rating.

 
You have 50 words left!