Providian sell-off has begun...

Discussion in 'Credit Talk' started by CardKid, Nov 29, 2001.

  1. CardKid

    CardKid Well-Known Member

    I read at www.cardweb.com/cardflash/main.html that Providian has begun selling some of it's overseas credit card portfolios. I'm not a Providian cardholder, but thought this bit of news might be interesting.

    The article went on to say "its U.K. branch will not accept new deposit customers or solicit new loan applications."

    CardKid
     
  2. breeze

    breeze Well-Known Member

    Yeah, it's all on yahoo financial news.
     
  3. GEORGE

    GEORGE Well-Known Member

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    The regulatory agreement also requires Providian to stop issuing credit cards to high-risk borrowers -- once the heart of the company's business.
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    WILL THEY GO "PRIME" ???

    It is STUPID to give F.I.C.O. SCORE 685-704 or 725-741 a big 30 second on-line DENIED!!!
     

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