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Update on my ongoing issue with Chase. Last night I got a bill from them again for a whole whopping $1.00. What this is for I do not know. So now that I have paid them their dollar, I have paid a grand total of $55.00 for an account that was closed and not used in years. And to top it all off, they own my Kohls account and have cut my limit on that. Again, perfect credit, low balances, no late payment and Chase still finds a way to stick it to me. I really really hate these folks and myself for ever getting into debt with them. Although considering the account I referenced had been inactive for years and closed it is a wee bit hard to hate myself because I have had no freaking debt with them. Can't wait to see what they try next. Maybe I will get a bill for a quarter!
Make sure they didn't "sign you up" for some kind of ID theft protection or other services that charges a fee. They did that to me with several programs once, I found out, they blamed me for signing up, I said "prove it". They couldn't so I got all my money refunded...
Chase will say they aren't directly responsible as they use middle men companies for these services, but I refuse to do business with them now after what I consider was pure fraud.
Make sure they didn't "sign you up" for some kind of ID theft protection or other services that charges a fee. They did that to me with several programs once, I found out, they blamed me for signing up, I said "prove it". They couldn't so I got all my money refunded...
Chase will say they aren't directly responsible as they use middle men companies for these services, but I refuse to do business with them now after what I consider was pure fraud.
When you applied for for a credit card you agreed to the fine print which allows the issuer to raise your interest rate under specified conditions.
Those who do not want to pay interest on money they borrow have the alternative of using good ole cash.
I didn't say I didn't want to pay interest on the money. I don't think anyone is saying that. I just didn't agree to extortion. All they are doing is panicking about the current state of the economy and being counter productive by raising rates on all their customers. Logic would lead one to believe this will cause more folks to default and then they'll raise on their existing customers again....
I'm sure if you were to see an outrageous rate on your bill all of a sudden you wouldn't be so nonchalant about it.
It is one thing for them to charge interest but quite another for them to take advantage like they have....especially after they were helped by our tax dollars. They should be left to sink....not the American public. They made bad financial judgements so let's call them out for a change instead of knocking down people who have a cc balance. They are rigging accounts so that you can't pay down the debt....its all interest which is profit for them. How is that right?
I see all these companies with their hands out and the government is saving them. I'd like to see the government take some measures to help the people out who are being abused by these very same companies. If they truely want to eliminate their "risk" than they should give people a chance to pay back what they owe. Not make it impossible to do so.
Thanks, I have a wamu checking account and a credit card going over to Chase. This is not good news to hear. I´d like to do away with my only two credit cards I have, they are both with Chase and have zero balances on them and hope to close accounts asap not to fall in any credit card debt.
When you applied for for a credit card you agreed to the fine print which allows the issuer to raise your interest rate under specified conditions.
Those who do not want to pay interest on money they borrow have the alternative of using good ole cash.
I always pay my balance in full and so never pay the interest, because of that very reason. I always knew that they could raise the interest for any reason and never wanted that exposure.
The problem is that this is the only contract that we get into that is totally one sided. We have NO power and they have it ALL.
Many businesses these days, online, will not take checks but ONLY credit card orders.
The other problem is that our economy has been running on credit. I mean, stores buy inventory often on credit and our very government runs on credit.
It seems as though only local governments and the consumer were expected to run on a balanced budget.
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