Submitted: Wednesday, May 25, 2005
Posted: Wednesday, May 25, 2005
Pam
Groveport
U.S.A.
Wow! How did you get a copy of my credit report to know that I don't have perfect credit??? My husband is an Identity Theft victim. I have to fight to keep our credit clean. Some companies don't care if you were a victim, they punish you because they were dumb enough to give the thief an account they can't collect on. So your advice is way off base!!! Thanks anyway!
Submitted: Wednesday, May 25, 2005
Posted: Wednesday, May 25, 2005
Susan
Ellensburg
U.S.A.
Sorry, Josh, you're way off base. I can assure you that I have perfect credit and have been a Chase customer in good standing for over 20 years, and they raised my APR from 3.99% fixed to 24.74% variable .... with no notification or justification.
I'm not a conspiracy theorist, but I strongly believe that Chase is using this latest assault on consumers as a test case for the consumer credit industry. In other words, they want to see if they can get away with it. JP Morgan Chase is one of the prime financiers of payday lenders in this country --- charging people who can ill afford it 400-780% interest on short-term credit. Perhaps they won't be satisfied till we're all paying that amount on our credit cards.
I did pay off my Chase VISA balance, but I'm not closing my account. There is a national class action just starting up to address this matter. Do some 'googling;' the information is easily accessible.
Submitted: Wednesday, May 25, 2005
Posted: Wednesday, May 25, 2005
Josh
Rolla
U.S.A.
If you really had perfect credit, you could apply for any low-interest credit card (or a loan from a bank), do a balance transfer, and this would not be a problem. Obviously, your credit is far from perfect, which pretty much explains why your interest rate is 30%.
Submitted: Thursday, May 26, 2005
Posted: Thursday, May 26, 2005
Pam
Groveport
U.S.A.
This Chase credit card was originally a Huntington National Bank Credit Card. Chase bought them out. I had a bad feeling when I found out they were buying them out. Guess it was right. I am currently looking into doing a balance transfer, but in the meantime they're getting my money!
Submitted: Thursday, May 26, 2005
Posted: Thursday, May 26, 2005
Joe
Platteville
U.S.A.
You should read the fine print before signing any contract...you obviously didn't. They obviously BURIED technical jargon somewhere on your application that disclosed they can raise the rate damned near to whatever they want whenever they want and that terms are "subject to change without notice" I am sure appears.
I have read some of these and it's really getting hard to find a legitimate credit card company that won't rape you the first chance they get. I think they'd rape their sister if they could.
You need to check around as there are legitimate cards out there....get the hell rid of them. Don't buy into those low teaser rates as that's just what they are...tease you then switch you up with a load of BS when you least expect it.
Good luck.
Submitted: Thursday, May 26, 2005
Posted: Thursday, May 26, 2005
Pam
Groveport
U.S.A.
Thank you Susan for clarifying things for Josh!