credit card services


 


  

  

  

  

credit card services

(Redirected from Providian)

Providian Financial Corporation was one of the leading credit card issuers in the United States. It was headquartered in San Francisco, California, Providian currently had more than 10 million card holders and ranked as the ninth largest credit card issuer. In October, 2005 Providian was sold to Washington Mutual for approximately $6. 5 billion. Washington Mutual will run the company as a wholly owned subsidiary, continuing to operate out of its San Francisco headquarters. Credit Card Services. The company employed approximately 3,000 employees nationwide. Providian had significant operations in California, New Hampshire, and Texas.

History

In the early 1980s Andrew Kahr founded a credit card company called First Deposit Corp.

Providian was a company that sold credit in the "subprime market. " People in that market are those who can't get credit cards from the major companies. Vantage Card Services is a Leading Merchant Account Services Provider offering
credit, debit, check, gift & pay card processing. They are people with low incomes and bad credit histories. Providian was providing financial solutions to the lowest income group, by permitting them to get credit that they can't afford to have, at interest rates they can't afford to pay. The APR rates charged by Providian was as high as 29. 9 percent.
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