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Paula's Comment on Chase Credit Cards
Re: Chase jumped MY FIXED RATE to 17%
User Comment
Main thread--Chase Credit Cards
From: Paula
State: AZ
Posted: 01/26/2009
Subject: Chase jumped MY FIXED RATE to 17%
Comment:
No offense - actually ALL OFFENSE. I have a personal card with Chase ZERO BALANCE. I paid off my auto loan with Chase last March. I have a business card with a balance and it WAS A FIXED RATE OF 9.99%. When prime rate was coming down and all my other credit cards lowered their interest rates, but my Chase Business Card GAVE ME SQUAT!! I rationalize this by telling myself that when prime rate went up and the interest on my Chase would stay the same.
UNTIL NOW.....I received a notice from Chase changing my FIXED RATE to prime + 12.99 FOR A WHOPPING TOTAL OF 16.99%. Mind you I have never been late (EVER ON ANY CREDIT CARD PAYMENT - CHASE OR ANY OTHER CARD), I pay more than the minimum and I have never exceeded my credit line. In fact, I have never used more than 75% of my line and I use it for my business inventory.
I am sure this has something to do with THEIR NEED TO RAISE CAPITAL FOR THEIR MISMANAGEMENT OF BANK FUNDS. Why is it that these GOOD OLE BOYS get to soak up the TARP MONEY for their bad deeds and then rape us consumers now on the front in by TRYING TO MAKE PEOPLE INTO INDENTURED SLAVES. All the lobbyists they sent to Washington to change the bankruptcy laws IN THEIR FAVOR....just so they can make sure THEY GET THEIRS. Meanwhile the banks ARE RESPONSIBLE TO NO ONE - not their shareholders (who have watched the value of their stock plummet by over 60% or greater in some cases), not their employees (who are losing their jobs by the thousands due to layoffs and mergers), not their consumers WHO THEY ARE TRYING TO RAPE AND TURN INTO INDENTURED SERVITUDE1! Jaime Dimon ...and the rest of Banking/Wall Street crowd idiot AREN'T MAVENS....they are a bunch of THUG BLOOKSUCKING LEECHES.
Personally, I have the money to pay it off AND MORE...not to mention other credit lines with -0- balances with their competitors. I will send Mr. Dimon a piece of my mind (by letter & email). It's time we stop this nonsense....and CALL IT CAPITALISM. This is not CAPITALISM....this is defrauding the customer (GOOD OLE BAIT & SWITCH - WHEN THE BANK THINKS THE CONSUMER HAS THEIR PANTS DOWN). I am tired of my government ....NOT PROTECTING ME AND LETTING THE WHITE FAT BOY MAFIA RUN THE BANKS & CREDIT.
By the way, I had a mortgage brokerage in 2001 - which I closed, BECAUSE I SAW THIS COMING and I did not want to be a part of the biggest criminal defrauding of the consumer in American history. Everytime I hear one of these bank CEO's say "THEY COULDN'T SEE THE MORTGAGE MELTDOWN COMING"...it's just horse hockey. I didn't graduate from Havard....AND I COULD SEE IT COMING. I am tired of constantly paying for the IDIOTS THAT ARE DESTROYING MY COUNTRY & IT'S ECONOMY. I am tired of my tax dollars being use TO SUBSIDIZE CROOKS AND CRIMINALS (whether they be in Congress - Banking - Or Business)
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