NextCard and Experian announced that NextCard has launched NextCard CreditExpert, an Internet based credit management and credit education service provided by Experian. NextCard will offer NextCard CreditExpert to NextCard cardholders, and visitors who apply for the NextCard VISA at [www.nextcard.com].
“NextCard CreditExpert goes several steps beyond providing and explaining a credit score,” said Scott Lascelles, group vice president of loyalty marketing at NextCard. “It helps consumers improve, maintain and protect their credit rating by suggesting specific actions and providing a simple mechanism for actively managing their credit,” said Lascelles.
“NextCard CreditExpert was conceived and built for the Web,” said Steve Krenzer, chief operating officer of Experian’s e-commerce solutions group. “We partnered with NextCard because of its reputation for using leading edge Web technology in every aspect of its customer relationships. We are very pleased to introduce this product to the millions of consumers who visit NextCard’s site, and who have come to rely on technology that simplifies their lives.”
“It’s important for consumers to be educated about their credit,” Lascelles added. “We’re pleased to offer a leading credit management tool that helps consumers take a proactive approach.” NextCard CreditExpert demystifies credit and allows consumers to take control of their credit through three main features: Credit Manager, Credit Advice and Credit Report.
Credit Manager helps consumers:
— Understand their credit report with interactive graphs and charts, and information on the factors that positively and negatively affect credit scores
— Manage their credit with a variety of personalized financial calculators and ‘what if’ scenario analyzers that show the effect of certain credit-sensitive behaviors
— Compare their credit history to the rest of the U.S. population Credit Advice helps consumers make informed credit decisions with:
— Informative articles about real life situations that affect credit ratings
— Education about the credit score and tips to help improve their own credit scores Credit Report provides consumers with:
— Unlimited access to their personal credit report and credit history
— The ability to investigate inaccurately reported items and investigation tracking tools
— A credit monitoring service that automatically alerts them to changes in their credit report
NextCard, Inc. (www.nextcard.com) is considered the leading issuer of consumer credit on the Internet. Launched in 1997, the Company was the first to offer instant online credit card approval, a choice of customized credit card offers, and exceptional online customer service. NextCard is committed to providing the most robust consumer shopping experience on the Internet and has continued to innovate with its NextCard Concierge(SM) online shopping service, online bill payment services, and comprehensive rewards program.
NextCard is also one of the leading direct marketers on the Internet, operates a network of more than 90,000 online affiliates, and has exclusive card relationships with leading online brands, including Amazon.com and MyPoints.com.
NextCard has been named the No. 1 Internet credit card by Gomez. According to the 2001 Brittain Associates “Credit Cards on the Net” study, NextCard leads the online credit card market with a 26 percent share. NextCard, Inc. issues credit cards through NextBank N.A., a wholly owned subsidiary.
Experian is an information-solutions company. It uses the power of information to help its clients target prospective customers, manage existing customer relationships and identify opportunities for profitable growth. Through multi-channel delivery of its Web-based products and services, Experian enables clients to conduct secure and profitable e-business. Experian is a subsidiary of the Great Universal Stores P.L.C. and has headquarters in Nottingham, UK, and Orange, Calif. Its 12,000 employees support clients in more than 50 countries. Annual sales are about $1.5 billion. For more information, visit the company’s Web site at [www.experian.com].