I called Nextcard today to check the balance and the automatic system informed me that my account will be closed July 10 because the FDIC could not find a buyer for my account. I called the service rep and asked that my account be closed today and that the account be noted "closed at consumers request". I will follow up with a return recite requested letter. What a bummer! http://www.nextcard.com/closure
I just called, and got the standard account info (balance, limit, etc.). My available credit is still what it was before. At what point did the message play?
erika776, I haven't checked the status of the account and I paid off the balance of the account over the weekend. I owe them something like $8.00. Ron.
JacquiG That means you get to keep the account. Congratulation. When I called the automatic system would not give me a balance or any other normal choices. I hit zero to get to a live person who gave me the balance. Ron You may want to close the account yourself so it is noted as closed at consumers request. Oh and I asked the rep what percentage of the accounts were being picked up and the rep said 30%. It looks like the quote of the post from the other board was pretty accurate.
erika, I logged on my Nextcard account access and the on-line still give me avail credit. Then I called to the automated system and the system told me that my account will be closed after July10 because they couldn't find the buyer. Oh well, that's goes my 9.9% fixed Nextcard. Ron.
Ron Sorry to here that. For me it was a good card. I never had any problems. Note: My name is Erik after Erik the Red.
erika776, I have NextCard since Sept.98. They approved me for $1000 with 15.99% APR when I had a couple of charge-off accounts. They increased my credit limit and lower my rate when my charge-off accounts came off after 7 years. Oh well, it has been fun with Nextcard and it is my first internet Visa Card. Ron.
erik, On one hand, I'm glad the account wasn't closed, since I need it for my ratios; HOWEVER, I shudder to think what these people will do with it
Who knows. Maybe they will just bump up the interest rate. If my card had been transferred I would have waited to see. Here is a sample letter for closing this card: ------------------------------------------------------------ name Address line 1 Address line 2 July 09, 2002 NEXTCARD PO BOX 60610 PHOENIX, AZ 85082-0610 To Whom It May Concern: Effective immediately, please close my account with you. I have destroyed all cards associated with this account. I will pay of the entire balance on this account on July XX 2002. Please note my account as "Account closed by consumer." My Account Number is: XXXXXXXXXXXXXXXX My Social Security is: XXXXXXXXX Please confirm receipt of this letter and closure of my account in writing in the next thirty (30) days. Thank you for your attention to this matter. Sincerely, name ------------------------------------------------------------
Well I got my cancellation letter in the mail today so if the card ends up being reported incorrectly I have proof I closed it before they did.
I wonder which accounts have been keep alive... I had a card with a limi of $7500 .. never late, always paid in full.... Equifax score somewhere around 720. Account closed.... I did like it
Probabily they´ve keept only those accounts which are paying late fees... and have a low credit limit Maybe this description fits the 30% of the accounts ... )) lol
R.I.P. BLIP........BLIP.........BLIP.......BLIP....................................................................................D.O.A.
