I have a NextCard with a 1500 CL and a very small balance that is one of the best entries on my CR(never late). I am concerned about the future for Next Card and the probable impending purchase. What do you think would happen if a bank that I have a previous Chargeoff from (Citibank,Chase circa 1997) was to buy NextCard's accounts. Would they close my account do you think?
My previous experience...THEY BUY IT "AS IS"...(NO CHANGES)...BUT at a later date they can offer you "BETTER" terms...LOWER interest rate...HIGHER credit limit... If you are late, after the purchase...they can always "JACK" your interest rate!!!
