FCNB - BIGTIME Problems!! BOOM!!

Discussion in 'Credit Talk' started by dogman, May 28, 2002.

  1. dogman

    dogman Well-Known Member

    Check this out regarding FCNB...they DO NOT ISSUE NEW ACCOUNTS, CANNOT INCREASE CREDIT....
    The TRAP IS CLOSING!!!!

    Whatever happened to: FCNB / ASPIRE / Providian /
    Sterling Bank / Merrick Bank / NEXTCARD ????

    aarrfff - Doggin it along dogman


    http://www.cardweb.com/cardflash/main.html

    Spiegel's OR-based First Consumers National Bank has signed a consent order with the OCC to end the issuance of sub-prime credit cards. FCNB has agreed to stop issuing any new secured credit cards unless it is fully secured; increasing the credit line of any existing secured credit card; issuing any new unsecured or partially-secured credit cards to any existing customer with a FICO score below 680; and providing any new credit line increases on any bankcard to any customer having a FICO score less than 680.

    It continues with these subprime issuers - another which I have in the drawer - for NET USE LOL!
     
  2. LKH

    LKH Well-Known Member

    Hey Dogman, I just got a new Newport News card last week with a $1300 limit. Just in the nick of time eh?
     
  3. Erica

    Erica Well-Known Member

    I want to read the whole thing...What's the password?
     
  4. dogman

    dogman Well-Known Member

    I think so - LOL! The main thing they got burned on was the old offer - get 300% of your security deposit - obviously a lot of tha was not secured....


    aarrffff - dogman
     
  5. dogman

    dogman Well-Known Member

    not sure - aarrffff - dogman
     
  6. Erica

    Erica Well-Known Member

    I don't know what happened to that post, but here it is again for those who are wondering what the hell dogman is talking about.

    I sent is $175 and got a $225 credit line. 300% my ass.
     
  7. dogman

    dogman Well-Known Member

    They used to offerr those kinds of deals about 3-5 yrs back.
    you did well E!

    :) dogman
     
  8. dogman

    dogman Well-Known Member

    I think not for $849 per person LOL!

    I also do not think FCNB has been very upfront with their customers about how bad their situation really is/was - we have to find out through the PRESS!

    aarrff - dogman
     
  9. dogman

    dogman Well-Known Member

    Hi LKH!!!!
    I will admit they never screwed me and always reported my cards - and I was always able to use them at reasinable or no costs.

    I used Spiegel a few times and always had deferred billing too.

    best - dog
     
  10. dogman

    dogman Well-Known Member

    Here is the ORDER about FCNB regarding accountibilities....



    http://www.occ.treas.gov/ftp/eas/ea2002-40.pdf

    CRITICAL: read to about page 14 - IF someone has a ZERO BALANCE for 12 months, FC NB will reduce their limits 50%!
    USE your card if you haven't used it in a while to get off the "identified zero balance - dormant - list"



    you can read the whole document, but page 10 of 26 starts the action...

    best - dogman
     
  11. jr

    jr Well-Known Member

    Thank's for the info Dogman. I have a FCNB Mastercard that I have not used in about 2 months with a zero balance. I will buy a gallon of milk and put the card back in the sock drawer. My limit is at $5500. I plan on closing the account if I get approved for the Washington Mutual Visa card.
     
  12. GEORGE

    GEORGE Well-Known Member

    SCENARIO...say I had a credit limit of $10,000...I used the card up to $9,950...so they cut my credit limit to 50%...if I apply for a new credit card...I WILL BE DENIED...$4,950 OVER-LIMIT WILL SHOW!!!

    LAWSUIT TIME!!!!
     
  13. whyspers

    whyspers Well-Known Member

    I have an FCNB card with a <heeheehee> $150 cl. Does this mean when my fico hits 680, I can ask them to unsecure it and increase the cl???? I should be there soon and since I never have used this card, its a wasted account to me as it s stands right now.
     
  14. Erica

    Erica Well-Known Member

    So does that mean that I can get my credit line increase that I asked for originally on 4/4/2002? It says that it didn't become effective until 5/14/2002.

    Anyone?
     

Share This Page