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  • Report: #508976

Report: Bank Of America, JP Morgan Chase, Bear Stearns, Citigroup, Wachovia, Washington Mutual, Wells Fargo

Reported By: Tim (Durant Oklahoma)

USA

Bank Of America, JP Morgan Chase, Bear Stearns, Citigroup, Wachovia, Washington Mutual, Wells Fargo Unreasonable interest rate hikes, Unreasonable credit limit reductions, ruining my FICO scores, rude telephone behavior Internet

*Consumer Comment... tim, don_t forget to _google_ this- steak dinner poem, and read it_ there are_

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Bank Of America, JP Morgan Chase, Bear Stearns, Citigroup, Wachovia, Washington Mutual, Wells Fargo

https://www.chase.com/
Internet
United States of America
Phone:  
Web Address:  https://www.chase.com/

Category: Credit & Debt Services


Submitted: Wednesday, October 14, 2009

Last posting: Friday, December 04, 2009

After 10 years of no late payments, payoffs, and an overall increase in my FICO scores, JP Morgan Chase slashed my available credit on my credit card account $5000.  This caused my FICO score to go from one point under Excellent to Fair.


Also, they raised my interest rate almost 50%.  With my credit history I believe my interest rate should have been lowered and not raised.  I also believe I should have had an available credit increase, and not decreased by approximately 1/3.


When I contacted customer service, the agent told me I could pay off my credit card, close my account, and do business somewhere else any time I chose.  In other words, if you don't like the way we do business, take a hike!


I believe that since my payment history was too good for them to make other outrageous late payment and over the limit fees, that they gave the $5000 credit limit they took from me to someone else that could be victimized by their vicious, ridiculous penalties.  They government (we tax payers) help JP Morgan Chase take over, steal, or practically give them WaMU, plus bail out money and they do this.


Is it any wonder that today Bloomberg reports that JP Morgan Chase's profits are up 7 fold?




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REBUTTALS & REPLIES:
1Author 2Consumer 0Employee
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#1
Consumer Comment
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POSTED: Wednesday, October 14, 2009
Wikipedia site and read all about him, okay? Then 'Google' this- RAHM EMANUEL, and go to the Wikipedia site and read all about him too. Then do some research on the following people-

ALAN GREENSPAN

BEN BERNANKE

LLOYD BLANKFEIN

STEVE SCHWARZMAN

Also, do some research on the following company- BlackRock Inc. (Their symbol is- BLK). Take a look at how much money they have under management. Add that to what Goldman Sachs has under management. It's in the TRILLIONS of dollars, isn't it?

P.S. Don't forget to 'Google' this- INSIDE THE MELTDOWN, and watch it. Look who said that $700 BILLION was needed immediately. I believe it was ben Bernanke, right? And the former Treasury secretary, Henry Paulson, agreed with Mr. Bernanke, didn't he? Did you know that Henry Paulson used to be the CEO of Goldman Sachs? He's reportedly worth about $700 MILLION! That's a lot of money, isn't it? Steve Schwarzman, the chief executive at Blackstone Group, made that much in 2008, right? He made $702,440,573.00 in 2008, according to a CNNMoney.com article entitled- TOP TEN HIGHEST PAID CEOS ARE....

It seems as though all of the banks being managed by the people above are doing okay, huh? And Bloomberg just purchased BusinessWeek Magazine, right? I believe Alan Greenspan received a $7 MILLION advance on his book that he wrote a while back, correct? These are all very smart men, wouldn't you agree? Some of them even went to Harvard, huh?

Have a nice day, & keep on 'Googling'.


#2
Consumer Comment
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POSTED: Friday, December 04, 2009
a few other poems posted there as well. 'PEACE PRIZE POEM' and 'MR. REUBEN POEM' are also there.

*You can always 'Bing' this- BROCK O'BOMB-A POEM, and find more poems to read, if you'd like.

HAPPY HOLIDAYS!

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