• Report: #467224

Complaint Review: Chase Bank

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  • Submitted: Thursday, July 02, 2009
  • Posted: Thursday, July 02, 2009
  • Reported By: — Vienna Virginia
Chase Bank
200 White Clay Center Dr Newark Delaware 19711 U.S.A.

Chase Bank An end run to raise my inrerest rates Newark Delaware


1Author 0Consumer 0Employee/Owner

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I had an agreement with Chase for two years. It was a balance transfer for a low inrerest rate for the life of the loan.

This week I get a notice that they are raising the minimum payment from 2% to 5%--jumping the payment from 200$ a month to just over 500$ mo.

The only thing they would let me do was to increase the interest rate and keep the minimum payment about the same as it had been. I don't think this is legal as I had the rest of the loan to go. It had never been late and always much more than the minimum pay.

Has this happened to anyone else? I don't know what to think or do about it but like all other people this might have happened to I think I was scre***ed.

If other credit card companies follow suit--I will be ruined...

Akak
Vienna, Virginia
U.S.A.

This report was posted on Ripoff Report on 7/2/2009 7:18:05 PM and is a permanent record located here: http://www.ripoffreport.com/credit-card-fraud/chase-bank/chase-bank-an-end-run-to-raise-5ye9f.htm. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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