- Report: #478393
Report - Rebuttal - Arbitrate
Complaint Review: Chase
ChasePo Box 17199 Wilmington, Delaware U.S.A.
Chase watch out, they discriminate against wamu customers, increase your interest rate and then close your account locking you in to higher rates if you opted to keep your apparent terms of agreement Wilmington Delaware
their reasons were:
1."bankcards balance grew too fast comparied to credit limit and time on file"....this is interesting, I have had a relatively high credit line and balances for the last 10 years, and I have paid them off several times...as one often does when they have to use for business purchases. interestingly enough, my credit score has never been higher, I am now in the 700's, and one of my reasons as cited by experian is I have high credit limits, and do not have significant balances on them, which apparently convinced many of my creditors to extend me credit??? I see some of the other consumers who are having the same problem, accounts were closed as well, even if chase was the one who gave them the credit in the first place and then punished them for using it.
2. too many open bankcards with high balances: interesting, another poster claimed they got the same reason, but they only had 2 credit lines....what is too many???
I noticed their form letter file name in the footer says: "wamuclosure 1". so watch out former good wamu customers, chase actually has a wamu form letter generated to severe their agreement with you, they seem to be discriminating against wamu customers????
also, i noticed that the only negative change to my credit report in the last 6 months was that my employer changed to former employer, it now shows me as unemployed and collecting unemployment insurance, the consumer credit protection act is supporst to prevent them from discriminating against: "because all or part of the applicant's income derives from any public assistance program"
I would love to file a class action against them for their discriminatory and bait and switch tactics. DONT PAY YOUR CHASE CREDIT LINE DOWN, THEY CLEARLY HAVE NO INTENTION OF TAKING THAT INTO CONSIDERATION.....
lake geneva, Wisconsin
This report was posted on Ripoff Report on 08/11/2009 08:30 AM and is a permanent record located here: http://www.ripoffreport.com/r/Chase/Wilmington-Delaware-19850-7199/Chase-watch-out-they-discriminate-against-wamu-customers-increase-your-interest-rate-an-478393. 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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