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Credicorp claims to have been in business for over 10 years.

They mail solicitations to prospective consumers by sending out a simulated telegram notifying them of their eligibility to receive a Gold Card with a credit line of $10,000. A payment of $29.95 is required to receive the card.

Many people are disappointed when they receive the Gold Card and realize that it only allows purchases from Credicorp's own catalog, even though this was revealed in the fine print included with the initial offer.

The result of this is numerous warnings from various consumer agencies as well as enforcement actions taken by Attorney Generals in different states.

Enforcement Actions and Official Warnings

• Florida Department of Banking and Finance: http://www.dbf.state.fl.us/news31.html
• Missouri AG's Office: http://www.ago.state.mo.us/newsreleases/1999/113099.htm
• Infozine: http://www.infozine.com/z0003/c-nixon.shtml
  • Report of settlement with Missouri.
• Oregon AG's Office: http://www.doj.state.or.us/releases/rel041601.htm
• Oregon Law Journal: http://www.oregonlawjournal.com/archives/may2001.html#may01.feat.7 [Wayback archive]
• Daily Journal of Commerce: http://www.djc-or.com/Editorial/index.cfm?qstory_id=4875 [Wayback archive]
• KATU: www.katu.com/news/news_story.asp?ID=9719 [Wayback archive]
  • More reports on the Oregon AG's warning.
• Wisconsin AG's Office: http://datcp.state.wi.us/static/cp/cpnews/cpnews_credit.htm [Wayback archive]
• Brodhead Independent-Register: http://www.indreg.com/9-2-98/be_aware_of_credit_card_scam.htm [Wayback archive]
  • Another report on the Wisconsin AG's warning

Consumer Agencies

• Council of BBBs: bbb.org/alerts/credicorp.asp [Wayback archive]
• Cleveland BBB: http://www.cleveland.bbb.org/NewsDetl.asp?ID=39
  • See the item about Vista Gold near the bottom of the page.
• Fresno BBB: fresno.bbb.org/Information.asp?ID=30&IDDoc=3 [Wayback archive]
  • alternate link: fresno.bbb.org/library/19990201.html [Wayback archive]
• Online Athens: http://onlineathens.com/stories/090800/bus_0908000020.shtml [Wayback archive]
  • Report from Dallas BBB

Other Links

• Augusta Chronicle: augustachronicle.com/stories/090700/met_155-5554.000.shtml [Wayback archive]
• Bogus Operation: http://www.bogusoperation.com/operators/credicorp.html
• Rip-Off Report: http://ripoffreport.com/reports/ripoff4812.htm
• webbbox: webbbox.com/business/c/creditcorp.htm [Wayback archive]

Credicorp Terms and Conditions
(as posted at http://www.credicorp.net - 05711109867 )

• Credicorp Benefits 
• Credicorp Products 
• Credicorp Guarantees 
• Credicorp Testimonials 
• Credicorp Frequently Asked Questions 

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Revision r1.14 - 01 Jun 2004 - 05:35 by EliMantel  Privacy Policy

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