Today Next Card Last Breath?

Discussion in 'Credit Talk' started by GEORGE, Feb 7, 2002.

  1. GEORGE

    GEORGE Well-Known Member

    $0.19 WEDNESDAY
    $0.14 THURSDAY

    MY PREDICTION WAS SOMETHING WILL HAPEN BY 03/31/2002...NOW THEY WON'T LAST TILL 03/31/2002.
     
  2. keepmine

    keepmine Well-Known Member

    Nextcard just takes strike 3! The OCC just closed Nextbank in az. This was Nextcards bank.
     
  3. GEORGE

    GEORGE Well-Known Member

    THE WEB SITE STILL WORKS...

    Those of us that are left need some answers...are we having our card account SOLD???

    Or is the F.D.I.C. taking it over???

    LOSE THE ACCOUNT TOTALLY???
     
  4. GEORGE

    GEORGE Well-Known Member

    SO THEY WON'T EVEN LAST TILL 02/28/2002???
     
  5. GEORGE

    GEORGE Well-Known Member

    02/07/02 18:03:00

    U.S. regulators close Arizona-based NextBank

    WASHINGTON, Feb 7 (Reuters) - The U.S. Office of the Comptroller of the Currency on
    Thursday closed Phoenix, Arizona-based NextBank, owned by struggling online credit card
    company NextCard Inc. , citing unsafe operating practices likely to deplete the bank's
    capital.

    The Federal Deposit Insurance Corporation has been appointed receiver of the bank, which
    had assets of around $700 million and total deposits of around $550 million as of Dec.

    31, the OCC said in a news release.

    The bank "experienced a substantial dissipation in assets and earnings through unsafe and
    unsound practices," the agency said, adding "there was no reasonable prospect for the
    bank to become adequately capitalized without federal assistance."
     
  6. GEORGE

    GEORGE Well-Known Member

    DON'T TRY TO USE THE CARDS???

    OR WOULD YOU HAVE TO BE NOTIFIED OF CLOSURE OF YOUR ACCOUNT BY CERTIFIED MAIL???
     
  7. Pat

    Pat Well-Known Member

    I know that I'm keeping my balance on it pretty minimal. A tank of gas here and there. I don't want to find out I owe the whole balance and have it up in the thousands.
     
  8. GEORGE

    GEORGE Well-Known Member

    I just wonder if they will TURN OFF the cards????

    Anybody going out tonight???

    Need gas? Use PAY-AT-THE-PUMP...so nobody sees it if it is DENIED...
     
  9. Ron

    Ron Well-Known Member


    George,


    Your dream came true and NEXTCARD finally went out of business. No more socks drawer.



    Ron.
     
  10. tmitchell

    tmitchell Well-Known Member

    should I close the account tonight?
     
  11. GEORGE

    GEORGE Well-Known Member

    NOBODY'S HOME!!!

    CLOSED PENALITY INTEREST RATE...19.99%!!!

    If it's PAID IN FULL...go ahead and try...
     
  12. Marie

    Marie Well-Known Member

    I wonder if you have a zero balance but keep it open if it will just keep aging... I think I"ll pay off that huge 300 balance I have and use it to the tune of 5 a month until I can't anymore.

    too bad, I've been using the grace period.
     
  13. GEORGE

    GEORGE Well-Known Member

    I'd pay on my cell phone bill to "SEE" if the card still works, but is ALREADY OVER-PAID...

    I better change the credit card for AOL (wife's NEXT CARD)...(1 charge per month)...
     
  14. leo728

    leo728 Well-Known Member

    I paid 2 of my phonebills, payment still went thru.

    hope it can hold up till monday, my girlfriend is going have lazik surgury. Will charge it to the nextcard.
     
  15. radiohead

    radiohead Well-Known Member

    George,


    How do you put up with AOL????
     
  16. GEORGE

    GEORGE Well-Known Member

    I have both AOL and ATT @ HOME...

    Don't even know anything about ATT @ HOME, except it's on all the time...
     
  17. radiohead

    radiohead Well-Known Member

    AOL is the worst company to deal with, and worst service I have ever received. I currently am using ATT.
     

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