Emerge Mastercard — Notice of Termination of Card
I have had this credit card since approximately 2002. I used it in 2002/2003 to move back to my home in Seattle from South Dakota. Since then, I have made regular payments, at least the minimum, but the majority of payments have been above the minimum.
Today I received a letter from them saying that my card has been terminated. I still owe $1, 528.00 (thanks to their exhorbitant interest rate and charges.) There is no explanation as to WHY my card has been terminated. I take my credit rating very seriously. There is no explanation of the company going out of business, and the implication is that it is my fault. I am wondering if anyone else has received a similar letter.