Compucredit Corp. pushes its "subprime credit card under the brand name Aspire Visa" by falsely claiming that people with poor credit can use it to "improve your credit rating," a class action claims in Federal Court. Compucredit promised there was "no deposit required" to get $300 in credit, but immediately took $185 from people who applied, the class says.

Compucredit's massive marketing through the Internet and direct mail falsely state that "there was 'no deposit required' ... and that consumers would immediately receive $300 in available credit when they receive the Aspire Visa credit card," the complaint states.

But in fact, "When a consumer opened an Aspire Visa credit card account, Compucredit uniformly assessed charges for an 'account opening fee finance charge' of $29, an 'account maintenance fee' of $6.50, and an 'annual fee' of $150 to the account. All of these fees were immediately assessed against the $300 credit limit, resulting in an available credit limit to the consumer of approximately $115," the complaint states.

Plaintiffs are represented by Steven Martino.