I received a letter in the mail from Chase today telling me they have closed my account. They stated :
"the available credit on my bankcard is too low",
" Too few open accounts with time on file greater than 24 months"
"average length of time since bankcard(s) opening is too short"
I truthfully don't understand what this means. I have had this card with them since 2001. My account has been in good standing and I just made a payment on the account. I am very concerned about the reasoning for closing the account and why. I have worked hard to keep my credit in good standing and do not want this to have a bad impact on it!
I would definately be interested in finding out more information on this matter. Please feel free to contact me if anyone can proceed with any legal ( or any )resolution to this matter.
We MUST do something!