Mike
Chesapeake,#2Consumer Comment
Sun, November 23, 2003
My wife and I both had Nextcard accounts at 9.99% rate each...we received a notice stating they went bankrupt and our accounts would be closed...after that, we did not receive any statements or notices for payments...then, when we finally did receive a statement my wife's interest rate jumped to 28%, due to late payments...but there was no forwarding address or phone number for us to make a payment...my account must have been overlooked because I still have it and the interest rate remains at 9.99%...I am still paying it off, but have been wondering if I have to pay them off since they went bankrupt?...we finally received a notice with an updated address and phone number for the company collecting payments for Nextcards accounts...they kept telling us they had no authority to change the interest rates and take off late fees, but they sure as hell had the authority to take our money...not sure if this is merrick bank collecting our particular debt, but we make payments to cardmemberservices.net... sound familiar to anyone?...we paid off her account because of the ridiculous rate...but mine still remains and I am skeptical of seeking legal advice and paying $75-$100 for a consult for them to tell me there is nothing they can do for me...anyone have any advice or updated info...please postit below..
Donna
Ft Worth,#3Consumer Comment
Fri, July 25, 2003
I agree with you 100%. They are a TOTAL screw-up! They have screwed up my credit report BAD! I am very upset about it. I HAD a Nextcard, and was pleased with it. until they went defunct. When Merrick took over, I owed EXACTLEY $0....NOW They will be glad to "settle with me" for $280.! WHAT????