Just my two (copper) pennies: As a front-end web developer, I don't and won't trust a website that looks like that one.
I mean: Copyright Â© 2009 Domain Name Acquisitions, LLC. All Rights Reserved.
Domain Name Acquisitions?! What does that have to do with debt collections and Emblem Card?
And the general unprofessional look just rubs me the wrong way.
Aside from that:
The people and company who run this card offer and program are a debt consolidation company (nothing wrong with that), but the very fact it IS a debt consolidation program RUNNING this makes me kind of go ergh. They're basically making money by buying people's debts and getting people to pay back these debts by offering a credit card in the end of the deal.
Here's what someone posted (not here) about the program:
The Emblem Credit Cards was made possible through Jefferson Capital Solutions, LLC, which is a debt collection agency.
Instead of the ordinary debt collection agency collecting money, they have made an agreement with Montery County Bank to issue a Credit Card to you upon the completion of their program.
The way it works is, they purchase bad debt and collect on it but, they make you an offer, you pay a fraction of your debt on a monthly payment plan to them, you must be on time and not one payment can be missed. Then, after you have completed your part, they transfer a portion to the credit card that Monterey County Bank is issuing and then the right off the remainder of the debt. So, my total debt was $700, I paid $241, they issued an unsecured Mastercard for $262 and transferred $220 onto my card, giving me a small avaliable credit, then the remainding $240 was written off and the debt is mark Paid on my credit report. Now with a new start I can start rebuilding my credit. There is no annual fees or fees for having the card, the percentage rate is 0% for the balance that was transferred and 18.99 % for all new debt.
But that is how the program work so. They issue a unsecured credit card.
Basically, it sounds like an incentive program to get people to pay their debts (or some of it) in exchange for a new shiny card IF they make sure to make all of their payments to that debt/that portion of that debt on time.
AMEX: Everyday (MR), Macy's (cobranded)
MASTER: Citibank Dividend Platinum Select (non-World version)
VISA: Chase Amazon Signature, Chase (bank issued)
GE: Care Credit (medical expenses), Macy's (store), JCP (store)
AMEX: Costco True Earnings
VISA: Chase Ink Cash