Case re Lima, Ohio (credit, purchases, office)

[bakkam]

Excerpt: Carter Franke, chief marketing officer of Chase Bank, said Tuesday, March 6, 2007, the company has decided it no longer will charge over-the-credit-limit fees to customers who have been "in a chronic overlimit position" for 90 days.

Aides to the Senate subcommittee highlighted the case of Wesley Wannemacher of Lima, Ohio, a Chase card customer who they said got into trouble in his account and ended up paying interest of 30 percent with a $4,400 balance as of Feb. 1.

Wannemacher had $3,200 in purchases, interest charges of $4,900, 47 overlimit charges totaling $1,500, late fees of $1,100, for total charges of $10,700, according to the subcommittee. He paid $6,300, leaving the $4,400 balance — which Chase agreed to waive after he contacted the subcommittee staff.

http://news.yahoo.com/s/ap/20070307/ap_on_go_co/congress_credit_cards (broken link)

[Art1979]

Originally Posted by bakkam

Excerpt: Carter Franke, chief marketing officer of Chase Bank, said Tuesday, March 6, 2007, the company has decided it no longer will charge over-the-credit-limit fees to customers who have been "in a chronic overlimit position" for 90 days.

Aides to the Senate subcommittee highlighted the case of Wesley Wannemacher of Lima, Ohio, a Chase card customer who they said got into trouble in his account and ended up paying interest of 30 percent with a $4,400 balance as of Feb. 1.

Wannemacher had $3,200 in purchases, interest charges of $4,900, 47 overlimit charges totaling $1,500, late fees of $1,100, for total charges of $10,700, according to the subcommittee. He paid $6,300, leaving the $4,400 balance — which Chase agreed to waive after he contacted the subcommittee staff.

http://news.yahoo.com/s/ap/20070307/ap_on_go_co/congress_credit_cards (broken link)

Sounds like Chase found it pretty hard to get blood from a turnip.