Hello all, I was a creditnet Junkie quite a while back. Well I am on round 2 of clearing my credit. I received a letter from "Gerald Moore and associates....A professional corp." trying to collect a 3 year old debt of $1100 from Emerge(which I never made a payment to after it converted from Providian)I went through a divorce and Providian was in my name. Anybody here of these guys? It says in the letter that they are a law firm. Any suggestions how I should start with them? Providian original balnce was $600. All the rest late fees and the usual that they tack on...Thanks in advance!!
I know this is an old post but I am dealing with these guys now myself. Do you have any update on how your battle has gone?
I currently have a CO with Emerge that was once a Providian account, but the CA is Bronson & Migliaccio. They called twice and sent a dunning letter, so I sent a DV letter and a partial C&D. They responded with an ackowledgement of reciept, but have not yet validated. Unfortunately, Emerge is the one reporting to the CRAs. I am trying to play this one carefully because I still have about 2 years left on the SoL. I wish I could find something illegal about Emerge buying Providain accounts, closing them all and jacking up the interest to 29.9%. I've been doing some rersearch, and most of the people who have posted anything about having thier Providian account sold to Emerge and then closed had accounts in good standing with Providian prior to the change in OC. I guess my question is, can any company purchase a block of open accounts from another company, close those accounts, and then raise the interest substantially? And where would I find the laws the state what a lender CAN charge in interest, or are there any such laws to regulate interest? I have no problem with paying debts that I actually owe, but in this case I'm trying to find anythig to keep from paying Emerge a single red cent, because I didn't apply with Emerge, nor did I sign on to a contract for 29.9% interest.
I am in the same boat. I validated and they sent it to Van Ru. I validated with Van Ru and Van Ru sent every charge from the credit card dating back from day one! Debt is about three and a half years old. Providian closed account, sold it to Emerge and they jacked up the interest rate after it was closed. Unreal! Sorry I dont have an answer about this yet!
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Does anyone know approximately when Emerge purchased Providian's accounts? Did they only purchase "Open" accounts, or were the accts already in CO status?? I have a CO from Providian (2-2000, I Believe), that was recently deleted from EQ that showed as : FIrst Deposit 5142 Franklin Dr. Pleasanton, CA 94566 (I didn't even dispute it, EQ jsut deleted it as "A duplicate" when they deleted the CA, Sherman Acquisitions) One of my two remaining negative OC accounts I haven't tackled yet...... Thanks, Shorty
I was one that was switched over to Emerge. It happened around Aug, Sept, Oct of 2002 I think. Seems like it was about a year after my discharge (7/01) so maybe it was 2002 because I know the annual fee was coming up on mine during one of those months and that's when all the changes were happening. There were a lot of posts about it going on at the time if the archives are still available here. Both mine and hubby's were in good standing, we had had the providian "get smart" accounts for almost a year. They closed hubby's and jacked up the rate and did away with my annual fee and left mine open, I have NO IDEA why one went one way and the other was competely opposite. I used planetfeedback for the rate and it stayed at 23%. I keep them now because there is no fee and it's an aging tradeline for my rebuilding efforts. We weren't in collections or anything and I'm not sure if it was just the get smart accounts that were affected. Hope this helps. I'd still suggest checking the archives for around that timeframe for more specifics. Newstdt
FYI- DH providian card was sold to Aspire, they closed it and did not jack the rate (his rate was 19%) When we called to find out why we were told that they knew we'd close anyway once we found out the rate was 29.99%. His account was in good standing. No lates, no issue, open for about 2 years. This happened in September of 2003
FYI- DH providian card was sold to Aspire, they closed it and did not jack the rate (his rate was 19%) When we called to find out why we were told that they knew we'd close anyway once we found out the rate was 29.99%. His account was in good standing. No lates, no issue, open for about 2 years. This happened in September of 2003
FYI- DH providian card was sold to Aspire, they closed it and did not jack the rate (his rate was 19%) When we called to find out why we were told that they knew we'd close anyway once we found out the rate was 29.99%. His account was in good standing. No lates, no issue, open for about 2 years. This happened in September of 2003
FYI- DH providian card was sold to Aspire, they closed it and did not jack the rate (his rate was 19%) When we called to find out why we were told that they knew we'd close anyway once we found out the rate was 29.99%. His account was in good standing. No lates, no issue, open for about 2 years. This happened in September of 2003
Emerge..Gerald Moore Associates? Hello warchant7 | """"""""""""""""""""""""""""""""""><- <>- ><- <> ~~~ ><- <>- ><- <> ><- <>- ><- <> ~~~ ><- <>- ><- <> HOWDY BUMP
