The JP Morgan Chase bank Visa made the mistake of raising my loan from the promotional 2.99percent to 28.8 percent. Then they realized their error and told me if I came back to them they would honor the original promotional offer on the 15.5 K loan. At that time I had borrowed that amount of money from other institutions to pay off the Chase bank. Then I stupidly believed them and reborrowed the 15.5 K from Chase Visa, to pay off the other financial institutions. The whole
idea was to consolidate all my bills to a low fixed percentage rate. Then when I received my new first payment statement, they had the percentage rate set at 18.8 percent, not the stated 2.99 %.
They never would admit the rip off, end result I ended up in bankrupsy court and lost my home, dogs and my life. Now I am wondering if they received a credit or moneys back from the government claiming I ripped them off, which I did not. They are the worst kind of criminals, they appear to be friends of the people but actually are black hearted thieves.
The second problem with them, was when my dear wife expired I asked them for an equity loan to help me maintain my home expenses. I owed somewhere around 160K and the home was evaluated by the Chase bank at 325 K. They carried the mortage on the home. They told me with the passing of my wife along with her income, that I no longer qualified for a loan as I did not make enough money to do so. I had been retired for many years and was on a fixed income.
The reality of this situation, was that they actually forced me into Bankrupsy. If they had of allowed me to use my triple AAA credit rating, get the 50K to help me maintain and pay for my wifes burial expenses and to get my head above the water level, I would still have my home and would have been able to have the time to work things out.
Their error, cover up and lies along with mismangement cost me dearly. They should be hung out to dry.