Providian Class Action Settlement

Discussion in 'Credit Talk' started by Cyprigirl, Jun 21, 2001.

  1. Cyprigirl

    Cyprigirl Well-Known Member

    Has anyone heard about the class action suit that Providian settled recently, over the fees they charged for credit protection and the fees assessed for limit increases.

    I know some of the sub-primes charge a fee for limit increases and does not indicated whether this a finance charge.

    Does anyone have any thoughts on this issue?

    Cyprigirl :)
  2. JacquiG

    JacquiG Well-Known Member

    I got something in the mail about this a few days ago. I thought this was settled sometime last year; didn't know there was another one. I don't really have a problem, since I only had credit protection for 2 months, and they refunded both of the charges when I called, and my account's been closed for over a year. I'll just wait and see what happens.
  3. keltexx

    keltexx Well-Known Member

    Here is a link describing this issue:

    Looks like it deals w/folks that either purchased a credit line increase, or one of their product/services such as credit protection, health advantage, etc.

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