Chase wamu chase buys out wamu and rip off wamu customers wilimington, Delaware

So you were only over your limit for two months, how late on payments were you? 

It has nothing to do with the bank, all banks do this, it is if you pay on time and dont go over limit. 

Maybe WAMU let you go over the limit and pay late but do you notice they are out of business because of such stupidity? 

 

The reason your rate was increased was not because Chase took over WaMu, but because you were over your limit.  You were moved to the Default rate when you went over your limit..the reason does not matter.  However, if you really think about it the reason is still probably because of you.  If the additional interest caused you to go over your limit, means you were already dangerously close to your limit(or perhaps over it already).  They did not force you to spend up to your limit, reguardless of whatever reason you "thought" you needed to use the credit card, the final choice was yours. 

In your particular case it does not matter if you were over your limit for 2 months or 3 months.  Just about any other bank would have done the same exact thing.  Some for even for being over your limit for one day.  Can I say that WaMu would have...No, but I also can't say that they wouldn't have.

This also brings up another interesting question.  Why is it the latest trend to compare Chase with WaMu, because if I am correct WaMu FAILED.  So either these same customers did the same thing(such as going over their limit) and WaMu never penalized them.  Or they never did this with WaMu.

So if they did this and were not penalized, could this be a factor in why WaMu failed.   Even if you have a small percentage of people who are basically taking advantage of their leiniency, this could in turn cause financial issues.  As they have people either paying late or spending more than they were allocated in the form of credit limits.  After all in any business if you have a certain percentage of people using more credit than you accounted for, or not paying their bills that business would eventually fail as well. 

But if they never did this with WaMu, then how can they guarantee that the same exact thing would not have happened in the same case.  Thus you can not compare WaMu and Chase.

But then you attack WAMU.

Yes WAMU failed...but ask yourself...why did Chase decide to acquisition a "failure"?

Not that I am coming to the defense of this poster..but I do know many people who were very happy with WAMU's more customer friendly policies..and are not happy at all since the Chase acquisition.

Most banks ARE being extra harsh on customers regarding interest rates..even those who were not late or overlimit. And this IS due to the coming law changes..as well as the changes in policies Chase is going to make soon..which coincidentally are very similar to what WAMUs were. So a question we could ask..is why Chase is deciding to adopt policies closer to what WAMUs were?

I know you are up on current events Robert..I shouldn't have to be explaining this to you of all people.

I use Chase for now .

This is temparary till 1 more direct deposit goes in

due to company change .

Any ways my thought is this Yes they were over limit ,

yes they went to default rate but so many are not going over limit

or not paying late  have done everything these banks have asked of them.

An what do they get for being responsible ?

The same action taken agaist this person extremly high interest rate raises

credit limits reduced , or cards just comletely shut down reducing thier credit score due to ratio to debit changes.

None of us no why this person may have pushed thier limits so close maybe they are amongest so many that have lost thier jobs an trying to get by .

just because a person uses a credit card does not mean they are buying things they dont need , maybe used to feed kids ,maybe for dr. to be so harsh in these times is a bit self rightous .

Back to chase taking over wamu  they did go out of buisness but chase has thing  set up worse the any bank i have checkedf with in comparing for a new bank .

They hold all checks automatic wamu didnt unless there was a reason ,

you pu in a check on friday expecting it to be there that day or saturday but doesnt show up till monday or tuesday depending on time you deposit only to have everything else go through is wrong .

They set it up for people to fail an to charge fees . I find it odd when questioned over this they say saturday isnt a buinesday yet they do all buiness they offer except your deposits .

I can go on an on about thet

 things Chase does that other banks dont that set people up . but i think you all get the point They are an unfair company you should ask not only why a company may have failed but why this one not only hasnt but has higher profits the any of the others . And still took bailout money.