I applied for a VISA card and nowhere on the website at that time did they have anything posted about a $199.00 "Processing Fee" or an "Account Setup Fee" of $149.00. In addition they also bill a $5.00 "Monthly Fee." We have called this "Company" many times to complain and have disputed the charges. I paid 2 seperate payments of $60.00 for a credit card that I assume I would receive about the time they stop printing money. Today is July 17, 2000; one year and one month after their first bogus billing and I received the following letter from their cohorts (JC Christensen & Associates PO Box 519, Sauk Rapids, MN 56379 1-800-711-0451): "We wanted to let you know that you are eligible for a settlement offer to clear up this debt. Your outstanding balance is $544.84 but we will accept 65% (Percent) of this balance as a settlement in full of our account." WHAT DEBT? I never charged anything and I sure as hell never authorized these idiots to charge me for once having a student loan I couldn't repay on time! Let's see: $120.00 sent to them due to my stupidity, A balance due according to them of $544.84. That's $664.84 for what? Oh, before I forget, they set the initial credit limit at $400.00 and you are then billed for $353.00 which includes the $5.00 monthly fee in advance. If you fail to pay this they then add a $20.00 "Late Fee" and a $20.00 Overlimit Fee." Also, on 9/1/99 they listed a "*FINANCE CHARGE* PURCHASES of $6.31 and this has been about the same amount each month since. My husband talked today with a MS. Marsha Spring at JC Christensen and she said that if I would pay $364.15 they would report the entire amount paid! Otherwise it will "continue to affect your credit for the next seven years." Is this the way to do business?