I am writing to complain about Chase Credit Card policies.
Specifically Chase bank has raised the rate on my credit card to 26.24, to me that is loan shark rates and legalized stealing. I have been a good customer of there’s for over 20 years (started out as Chevy Chase) never late. They told they ran my credit report and because I was high on credit cards that allowed them to raise my rate. Keep in mind my credit report is stellar with no late payments.
I contacted them and the first person I spoke with agreed and asked me to call back in 1 to 2 hours as the credit deprtment was down. I called back and the new person agreed that I have been never late but they had run a credit report and saw that I was high on credit debt so that was the reason they raised my rate. I was told that this is allowed because of legislation that was built into the bankrupcy law that was approved in October of 05.
It is my opinion that Chase is grabbing any reason to jack up rates to show more profits. How could our government allow this to happen? Evidently banks like Chase have powerfull lobbyist on Capital Hill, it hurts the little guy that's working there butt off and making there payments on time...
My complaint is with Chase Bank P.O. Box 15123 Wilmington DE 19850-5123
Updated On: Saturday, January 28, 2006
Updated category
Updated On: Saturday, January 28, 2006
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Updated On: Saturday, January 28, 2006
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Updated On: Saturday, January 28, 2006
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Updated On: Saturday, January 28, 2006
updated category
