NEXTCARD owns CreditExpert

NEXTCARD, EXPERIAN UNVEIL FLAT-FEE CREDIT-CHECK
SERVICE

NextCard Inc. and the credit bureau Experian Information Solutions Inc. have developed a first-of-its-kind
service that lets consumers check their credit reports online as many times as they wish for a set fee.

Credit Manager is offered through Experian's CreditExpert.com site. Various prices for a one-year
subscription, including at $69.99, are being tested, said NextCard, a San Francisco company that issues
Internet-oriented credit cards.

Credit bureaus encourage consumers to check their credit reports often as a safeguard against fraud and identity
theft, but this typically costs the consumer at least $10 per inquiry.

Experian, of Orange, Calif., had been developing its own version of this service and reached an agreement to
have NextCard help tweak the final version.

"We knew we wanted a credit bureau product," said Scott P. Lascelles, group vice president of loyalty
marketing at NextCard.

The bureau said another credit card issuer will offer the service soon.

Laura J. DeSoto, vice president of CreditExpert.com, who worked on the development of NextCard
CreditExpert, said: "Our policy was employees got one free credit report a year. For the first time, we are
putting intelligence and tools in the hands of consumers that allows them to monitor their records."

The service was popular with Experian employees in tests and will probably be offered to them as a benefit,
Ms. DeSoto said.

She said this type of service could not have been made available to consumers three years ago, because
companies other than credit bureaus did not have the systems capability to keep the data fresh and open.

Experian has agreed to let NextCard offer the product exclusively for two months, then other card issuers will
be able to offer it. Ms. DeSoto said one other credit card issuer had signed up to sell the service and that a few
more are in discussions with Experian.

Besides a detailed credit report, the service will offer tips on improving credit ratings and let customers challenge
report mistakes online. Users will also be able to handle such financial management chores as figuring out a
schedule to pay down credit card debt and compare the costs of auto leasing versus purchasing.

And the service will enable NextCard, one of the Internet's heaviest advertisers, to offer a product even to
customers who decide not to apply for or are rejected for a NextCard.

~~~~~~~~

By Lavonne Kuykendall

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Source: American Banker, 06/18/2001, Vol. 166 Issue 116, p17, 1/2p.
Item Number: 4744887

 

Registrant:
CreditExpert, L.L.C (CREDITEXPERT6-DOM)
4501 Forbes Blvd.
Lanham, MD 20206
US

Domain Name: creditexpert.com


http://www.dat.state.md.us/cgi-bin/...x=Z&id_bus=06463848&deptid=Z06463848&nstart=1

 

Credit Expert didn't do that... Experian did it. CreditExpert does not handle disputes anymore than Providian or WorthKnowing do.

 

I meant Privisita.

 

Not exactly true... the disputes initiated via creditexpert are actually initiated via Experian. Once you click on the button to show my report, it's all experian, NOT creditexpert anymore.