It is unclear whether or not the Emerge credit card is still being issued, but at one time it was offered under both the Visa and MasterCard brands. Research indicates that Emerge was established when Providian sold their credit card accounts with a sub-600 FICO score to Georgia-based CompuCredit Corporation in 2002. First National Bank of Omaha was the issuer of the new cards.
A visit to the emergecard.com web site shows no information on any credit cards they currently offer, nor on the accounts purchased from Providian and others. The web site appears to be merely a portal through which current card holders can access and manage their accounts. Compare current credit card offers here from other providers!
The web site also indicates that current card holders enjoy some of the same benefits found with many other cards including ATM access and secondary cards for family members. On the other hand, various fees including an annual fee, opening/closing fee, and monthly maintenance fee can all be accrued by current accounts.
Consumer Complaints on Emerge Credit Card
Consumer complaints regarding Emerge abound all across the internet. Some of the more common issues revolve around:
- Poor customer service
- Company representatives not fluent enough in English to communicate effectively with customers
- Questionable charges
- Unclear credit limits
Numerous complaints were filed claiming that accounts were closed and paid off, only to be billed the following year for the card’s annual fee. In some cases, negative credit reports were issued for outstanding balances that were in dispute.
FTC Lawsuit Against Emerge Credit Card
In Spring of 2008, the Federal Trade Commission (FTC) filed suit against CompuCredit Corporation and one of its subsidiaries, Jefferson Capital Systems, LLC. Jefferson Capital is CompuCredit’s debt collection arm. The lawsuit alleged the two companies engaged in deceptive business practices in regards to the issuance of sub-prime credit card accounts.
In addition, Jefferson Capital was charged with violations of the Fair Debt Collection Practices Act (FDCPA), regarding the means in which it attempted to collect past debts. Specifically alleged in the FTC complaint was that Jefferson passed off past-due collection accounts as credit card offers to unsuspecting consumers.
The brand names under which the deceptive practices were supposedly carried out include Emerge, as well as Aspen , Aspire, Fingerhut Credit Advantage, FreedomCard, Imagine, Majestic, and Tribute. To find other legitimate credit card offers use the credit chaser now!