Checkout the linke below regarding Nextcard. Its pretty interesting. <http://biz.yahoo.com/bw/011031/310121_1.html> Regards, JP
Not only is their new "680 FICO score" policy interesting, but did anyone notice the greater than 7% chargeoff and fraud ratio?? Every $100 their customers charge, Nextcard has to eat $7 right off the top. That is incredible. Add Nextcard to the looking-for-a-buyout dustpile right next to Providian. We should begin counting the days. Doc
WOW! Hope someone good buys them, after they jacked my rates up to the drawer they went. Im at that point where I am slowly trying to move in to that prime market. Just got my first prime card, didnt want to make new inq. so Ive been going slow, would be great if I could convert this in to a prime lender or at least get my foot in the door. Just wanting someone prime to take over providian also. To bad for people just starting on the recovery train though sounds like sub-prime market choices is going down.
Next is taking a market beating <http://www.marketwatch.com/news/yho...o&guid={C5829071-51A2-4822-8FA7-34EAC5360A70}>
Re: Next is taking a market beating In case you don't know, the founder of Nextcard was formerly a top executive of Providian. Will Aspire be next to bite the dust?
Re: Next is taking a market beating Nextcard's board of directors has retained Goldman Sachs to pursue the sale of the company to a larger more established financial institution.
Re: Next is taking a market beating Shares are under a buck, that makes them a penny stock. www.creditsense.com
