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The Credit Trap: How Credit One Built an Empire Off People Struggling to Pay the Light Bill

April 15, 2025 by Steve Rhode

Imagine this. You’re behind on rent. Your phone won’t stop ringing. You need gas to get to work. And in the middle of all that stress, an envelope arrives promising hope: “You’re pre-approved for a credit card!” That card? It’s from Credit One. What you don’t see until later is how this “opportunity” comes with …

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