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Old 05-20-2008, 08:08 PM
masterduke masterduke is offline
Come and Get Some!
 
Join Date: May 2005
Location: Water Wonderland
Posts: 1,185
You can obtain a copy of the trust prospectus from the SEC using their EDGAR search feature(I think thats whats its called) But you have to know what the real name of the credit card trust is. Example MBNA was formely known as the GREENWOOD trust(Again if I remember correctly). And it will be hundreds of pages long but the stuff you are looking for is usually somewhere in the middle to 2/3 of the way thru all the pages. It will talk about dispersment of funds, ownership issues, Who gets paid first, second, third, etc. and how long the trust is to be in effect. which is where it gets really stupid. Example: MBNA's trust is to exist until a number of years after(like 20 I think) the last of Queen Elizabeths descendants born at such and such a time and after said descendant passes away at such and such a date!! Its one of Prince Chucks kids but I forgot which one Whats up with that? But that is contained in the Prospectus. I wish you the best in this endevour.
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