In March 2001 no credit but bad credit and a good Auto Loan...Since then Providian $300cl now $400 04-01 Getsmart $300cl now $500 05-01 Cross Country $350 now $1500 06-01 Fcnb $300 now $900 05-01 Orchard Joint $500 07-01 Target Visa $4500 AU 08-01 Due to alot of PFB and advice I have had APR dropped on Getsmart to 16.9% and my cl increase fees waived.. Orchard sent me a offer for a card 9% rate and my cl would only be $500..But they do not allow balance transfers ?? What the heck is that about, what cc company does not do balance transfers ?? Still happy for the card but I just wanted to let everyone know that I am finally seeing results regarding my scores.. Warning >> Recieved a certified letter from Providian this evening stating that there requirements regarding cl increase are in the process of changing and I will be revaluated after the implementation of the new system is ready ??? I am guessing this is in response to the letter I sent them regarding how peeved I am about the lies that were told to me when I orginally recieved the card.. Anyway thanks to EVERYONE..
But since Providian is not budging any should I just close them out ?? I understand that it is my oldest account but it is not that much older than any of my other accounts ?? 23.99 $400 cl >> My oldest account but even Getsmart is doing more for me !!
I called Orchard Bank about a rate reduction and was told they don't lower APR. What you get when you apply is what your stuck with. Member since 1998 with regular reviews and small incremental increases have me sitting at 18.9% and 1750.
dinob12 ----------------------------------------------------------------------------------------------- But since Providian is not budging any should I just close them out ?? I understand that it is my oldest account but it is not that much older than any of my other accounts ?? 23.99 $400 cl >> My oldest account but even Getsmart is doing more for me !! ----------------------------------------------------------------------------------------------- I would pay it off and put in the sock drawer and see what they say after a few months...IF THEY STILL EXIST...
"DOW JONES NEWSWIRES 12/12/01 NEW YORK -(Dow Jones)- Providian Financial (PVN), which was reined in by U.S. banking regulators last month after it announced mounting credit losses, faces a tightening liquidity situation. San Francisco-based Providian, which expanded its lending to the sub-prime credit card market aggressively over the last year, announced on Nov. 28 that its subsidiaries Providian National Bank and Providian Bank had entered into certain agreements with U.S. regulators. Providian agreed to a number of conditions including scaling back exposure to borrowers with weak credit histories and to selling off a number of assets. ......" Looks like no cl increase for me.
