Does anybody have a balance with Chase

[InTheHole]

They just raised your minimum payment to 5%

I should of recorded the conversation....I started moaning and the guy said what that?

My response: "You ****ing me up the ass".

He didn't laugh.

[onthewhat]

Thank god for nitwits who can't pay their credit card bills

Helps people like me who pay 100% monthly

[Deuce]

Thank god for nitwits who can't pay their credit card bills Helps people like me who pay 100% monthly

Your mom and dad you mean?

[InTheHole]

Thank god for nitwits who can't pay their credit card bills

Helps people like me who pay 100% monthly

Your a ****in jackass...

These are school related expenses and I am on the brink of bankruptcy (after 13 years of perfect credit) because of this as I am on a limited income and in school.

Go fuk yourself.

[payingthejuice]

Thank god for nitwits who can't pay their credit card bills

Helps people like me who pay 100% monthly

[InTheHole]

^

[Fishhead]

I just had a terrible experience with my CHASE C.C. also..................shit company on the verge of collapse and they are trying to get as much as possible out of people before they fail.

[jjgold]

You guys are silly

use loan sharks, much easier and no paper work

interest high if you slow pay though

anyway you look at it your going to pay heavy interest if you burrow.

[tltaylor89]

In that case CIti bank would have up the minimums.Capital One has up the minimums

[MexicanStallion]

Thank god for nitwits who can't pay their credit card bills

Helps people like me who pay 100% monthly

I do the same as well, so never run into any problems.

[InTheHole]

This goes back to the credit card legislation. My new minimum payment is exactly N*18months=balance cleared. Legislation goes into affect in 18 months...thank you Mr. President.

http://www.consumer-action.org/press/articles/new_credit_card_rules_will_help_rebalance_lopsided_system/

[MexicanStallion]

Your a ****in jackass...

These are school related expenses and I am on the brink of bankruptcy (after 13 years of perfect credit) because of this as I am on a limited income and in school.

Go fuk yourself.

Sorry to hear that. I know the school expenses. Hope you get everything solved. Good luck though

[InTheHole]

Sorry to hear that. I know the school expenses. Hope you get everything solved. Good luck though

Thanks....I tried to bluff them but they wanted nothing of that. I will get a job. Unlike that crossed eyed fuk that called me out I actually work and support M Y S E L F


EDIT "A second job"

[InTheHole]

http://www.ripoffreport.com/J-P-Morgan-Chase-Chase-Card-Services/Banks/J-P-Morgan-ChaseJ-P-Morgan-Cha-96QC4.htm

My wife and I had 6 Chase credit cards. We had never been late, always paid, had good credit scores and low interest rates. Chase raised minimum payment amount from 2% to 5% plus $10 service charge on two of my wife's accounts in January. I spoke to customer service (In India) and asked why. She told me they had sent out a letter in November which we never received. I explained that I was disabled, that my wife had been ill and missed two weeks, we had medical bills, and my wife's company had closed down for two weeks in December for which she received no pay. In other words, we could not pay the higher minimum payment. We were told to either pay it or let them raise our interest rate. I asked if they were just targeting my wife or planned to raise the minimum rate on all of our accounts. She could not tell us. I complained to the Better Business Bureau which responded that the company was within it's rights. Chase told the BBB that they raised our rates because we were behind on our payments which was a lie. My wife and I have contacted a bankruptcy attorney. No wonder Americans are defaulting on loans when companies like this off source customer care then expect bail outs from ripped off tax payers.

[pdx107]

grrrreeeaaaattttt
not excited about this in the least
will make me bust my ass to pay it though

[InTheHole]

Same situation (There are thousands of these stories on the Internet)

Patricia of Saint Paul, MN August 23, 2009

Like so many others, long ago I previously took advantage of Chase's low-balance for the life of the loan transfer rate. Things were going fine and I made more than the minimum monthly payment each month. Based on the advise of economists, I've been doing my best to eliminate all credit card debt and I've been paying as much as possible on credit cards with higher APRs. I devised my own 18 month debt-free plan and things were going well. Than WHAM...I opened my August 2009 Chases tatement to see that my minimum monthly payment had jumped from 288.00 to 708.00.

I wrote to Chase and they told me that they sent me a notice regarding change in terms back in June 2009. I told them that I receive statements, etc. on-line and I didn't receive any such notice. (I had a privacy policy notice -only- attached to my on-line June 2009 statement). Here's their EXACT response:

"I appreciate this opportunity to reply to your inquiry with regards to the increase in minimum payment of your account. Our records indicate that a Change in Terms notice was sent to you in June 2009, which advised of changes to the required minimum payment for your account, and its effective date. As a careful and responsible lender, Chase consistently evaluates market conditions, including the risks and costs of funding credit card loans. When necessary, changes are made in pricing, terms or credit based on this evaluation. These factors that have always been monitored, take on added importance in today?s economic environment. The June 2009 minimum due change in terms notice became effective on your account as of 08/01/2009. Please contact us at the toll-free number found on the back of your card and also on your billing statement so we can discuss payment options that may be available to you. For your convenience, we are available 24 hours a day to serve you."

I responded (via e-mail) by asking if I had the option NOT to accept the new terms and just continue to pay via the originally agreed upon terms and not ever again use the card. I'm still waiting for an answer but based on what I've read here, I expect that the answer will be no. I cannot afford the higher payment nor can I afford to pay a higher interest rate.

There MUST be some relief for this many consumers who are finding themselves in this same predicament. What's the purpose of accepting a low-apr balance transfer option for the life of a loan if the lender then can arbitrarily change the terms of the agreement?


Read more: http://www.consumeraffairs.com/finan...#ixzz0PmhxriHB

[InTheHole]

I am on this

Girard Gibbs Files Class Action Lawsuit on Behalf of Chase Cardholders
Chase Class Action Complaint Filed

On February 18, 2009, Girard Gibbs LLP filed a class action lawsuit against Chase Bank USA, N.A. after the credit card issuer more than doubled minimum monthly payments and imposed a $10 monthly service fee on customers who had accepted its fixed-rate balance transfer offers.

Background

According to the class action complaint, Chase invited consumers with a low risk of default to transfer their balance to Chase in exchange for a fixed interest rate, ranging from 2.99% to 4.99%, that would last until the balance was paid in full. As part of the agreement, the consumer was required to make minimum monthly payments consisting of 2% of the ending balance on their monthly statement.

What is the Chase Minimum Payment Class Action Lawsuit About?

The class action complaint alleges that, beginning in November 2008, Chase Bank began notifying consumers who had accepted their long-term fixed-rate balance transfer offer, that the terms of their loan agreement had changed. Under these changes:

Consumers are charged a $10 monthly finance charge or "service fee," listed as an "Account Service Charge" on their monthly statement.

Consumers are required to make monthly minimum payments consisting of 5% of their monthly remaining balance, instead of the previous 2%.
Upon calling to complain about these changes, consumers were told that the monthly service fee could be waived and the minimum payment returned to its previous rate, if they agreed to a higher interest rate.

Girard Gibbs attorney, Eric H. Gibbs, states, “Chase’s conduct is having a real impact on our clients, particularly in these tough economic times. Our clients are people who made sound decisions in how to manage their long term debt, only to have Chase change the rules because it is not reaping enough profit from our clients’ accounts. It is an important issue for the courts to address in a meaningful way.”

Am I included in the Chase Credit Card Minimum Payment Class Action Lawsuit?

If you were promised a fixed annual rate by Chase, and were subsequently charged a $10 finance charge or required to make an increased minimum payment, you may be a member of the class. If you would like to learn more about our Chase Credit Card Minimum Payment Class Action Lawsuit, please fill out the form on the right for a confidential consultation with an attorney.

Why Girard Gibbs LLP?

Girard Gibbs is a national litigation firm specializing in securities litigation, consumer class actions and complex business litigation. Girard Gibbs' managing partner Daniel Girard was voted one of Northern California's Super Lawyers in 2007, 2008, and 2009 by Law & Politics, recognizing him as one of the top 5-percent of attorneys practicing in Northern California.





Have a question about the Chase Class Action Lawsuit?

Please fill out the form below, or call toll-free (866) 981-4800 to speak to an attorney.
Name:

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Your use of this web site, or sending of email to Girard Gibbs LLP, does not, by itself, create an attorney-client relationship between you and Girard Gibbs LLP.

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Chase Class Action Lawsuit in the News

Chase Hit With Wave Of Suits Over Sudden Changes To Loans
The Los Angeles Daily Journal
July 30, 2009
Read More..


Yet another credit-card 'gotcha'
The Philadelphia Inquirer
July 26, 2009
Read More..
Girard Gibbs Announces Filing of Class Action Lawsuit Against Chase Bank USA

View Class Action Complaint Against Chase

View Chase Credit Card Class Action Lawsuit Press Release

[Fishhead]

GET THIS ONE.........

I have(had) a $29,000 credit limit on a Chase card until last weekend.

I was informed my credit limit was slashed to $15,000, so I called and asked how come.

They stated because I had "unusual activity"..............WTF??

I used the card about 6-10 times on my recent trip to Buffalo totaling a mere $1100 of credit at restaurants, hotels, and for gas...............that's it.

KABOOM SIR, WE REGRET TO INFORM YOU THAT YOUR CREDIT LIMIT HAS BEEN SLASHED..............

[themajormt]

My girlfriend has a $20k limit with Chase, she has $0 debt, no student loans, no car payment. STELLAR credit... She charged $3k for a vacation, has been paying $500 a month and they just sent her a letter saying he new credit line is $5k!!! She has had the card for 8 years and he credit score has not changed. They are unreal...

[Fishhead]

My girlfriend has a $20k limit with Chase, she has $0 debt, no student loans, no car payment. STELLAR credit... She charged $3k for a vacation, has been paying $500 a month and they just sent her a letter saying he new credit line is $5k!!! She has had the card for 8 years and he credit score has not changed. They are unreal...

WTF is going on here!?!?!

[Reload]

Had the same thing happen. Got notified that 5% of the balance would be due each month with the Chase cards, and have seen that taking place this month.

[fiveteamer]

Credit worthiness has nothing to do with anything, people are just having limits cut for no apparent reason.

[BestPlay2day]

Couple months ago, my Chase **** interest rate went from 8.99% to over 15%. I paid off my balance and took the card out of my wallet and my wife's purse and will never use that card again. We have had this card for over 15 years and they try pulling shit like this on us? I opened another **** at the bank I started working at and will use that card going forward as they have no interest until April 2010. Also have had other cards reduce my limits and others have raised their rates so this isn't just a Chase thing, all credit card companies are doing this shit.

[Fishhead]

Had the same thing happen. Got notified that 5% of the balance would be due each month with the Chase cards, and have seen that taking place this month.

You mean balance???

[BestPlay2day]

Credit worthiness has nothing to do with anything, people are just having limits cut for no apparent reason.

Exactly, they want to reduce their risk so they cut your limits. Had a couple of cards that they did this as my limit went from 12k to 6k. Think they cut it because I don't put too much activity on those cards and they figure I don't need such a high limit.

[tacomax]

In better news, www.brocklandersfinance.com is doing a roaring trade.

[Reload]

You mean balance???

Yes - corrected it Fish. 5% of the minimum would never get it payed off in a few lifetimes

[InTheHole]

This is the real deal. I called them today

http://www.girardgibbs.com/chase%20complaint.pdf

[InTheHole]

Just filed a complaint with these folks (They oversee all credit card and bank operation in the USA). I also am suing chase for predatory lending practices. Specifically, offering consumers "lifetime of balance" loans at 3.99% with a 3% upfront fee later changing terms of loan to 20 months.

The Office of the Comptroller of the Currency

The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks. It also supervises the federal branches and agencies of foreign banks. Headquartered in Washington, D.C., the OCC has four district offices plus an office in London to supervise the international activities of national banks.

http://www.occ.treas.gov

[fiveteamer]

Inner, these guys have teams of Ivy League lawyers that are put in place to fukk over the consumer, it is the Free Market way.

We are helpless.

[CashMoney]

Phuk credit card companies.

[pico]

credit card companies are bunch of crooks

[StraitShooter]

You guys better wake up and smell the coffee...had over 80k avail on just 3 cards alone...chase..citi and cap one

During the same month each knocked off 20 k= 60 k in avail credit gone overnight

I did nothing I have not done the past 10-15 years..SO___

There will soon be no fvcken credit...Max out all your cards cash and liquid..then them all to fvck off before they do the same to you..

I repeat..CC will soon just be gloried non secured debts with little or no credit avail

[CashMoney]

You guys better wake up and smell the coffee...had over 80k avail on just 3 cards alone...chase..citi and cap one

During the same month each knocked off 20 k= 60 k in avail credit gone overnight

I did nothing I have not done the past 10-15 years..SO___

There will soon be no fvcken credit...Max out all your cards cash and liquid..then them all to fvck off before they do the same to you..

I repeat..CC will soon just be gloried non secured debts with little or no credit avail

[Shortstop]

I agree Shooter, credit cards will be gone soon. If you can't afford something, you don't get it.