I walked into a Seven Eleven Store today and was AWESTRUCK when I saw a petition at the counter with 246 signatures protesting the high cost of credit card transaction fees. WOW!
This is proof for you that PROTESTING AGAINST CHASE BANK AND THE CREDIT CARD INDUSTRY can be done, AND THAT CORPORATIONS ARE DOING IT!
HOW ABOUT YOU!
On my Daily-Protest.com blog site I have been advocating making signs that say Daily-Protest.com and posting them in storefronts, bulletin boards and countertops!
Raising awareness about the unhappiness with the credit card industry, and Chase Bank in particular, is critical in our successful attempt to stop Chase Bank in their tracks when it comes to raising monthly minimum payments requirements on over a million of their most reliable and most trustworthy customers.
246 petition signers FROM JUST ONE SEVEN ELEVEN LOCATION!
For all you business owners out there, Chase Bank is cutting into your business! Chase Bank has forced over a million of their best customers to make a decision, accelerate the paying down of a low interest rate debt, or order a product or service from YOUR BUSINESS.
On top of that, as your business activity declines, local governments and state governments PANIC because less tax revenue is coming so they want to raise your taxes! In Bloggers Against Chase Bank's opinion, If you don't stop Chase, Chase WILL stop you by unnecessarily emptying out your wallet.
5 comments:
I had chase just close my account. They lowered my credit line from $10.000 to $5.000. Then I paid off the credit card and got a letter saying I did not use the card enough so they were closing the account.
I was never late with a payment and only use credit cards when I have to.
I had used it to book a flight this coming October. Now I do not know if they will pay for the flight or not.
WOMEN WITH INTELLIGENCE AND EXPERIENCE,MEN WHO SUPPORT THEM,AND COUNTRY BEFORE PARTY ALWAYS
PUMAS,BUBBAS,EQUALISTS AND THOSE PEOPLE RULE
In the immortal words of Albert Einstein, Just what does Chase Bank want? (I sincerely hope women don't find this play on Einstein's quote offensive).
Like so many others we got the 2% to 5% minimum payment increase notice. Our payments would go from $525 to $1,300.
We used the low rate balance tranfer checks at 3.99% and 4.99% - the last one was around Nov 2008!
We called the regular number and got the same story even after talking to a supervisor. They gave us a credit counseling # and a Chase Hardship #.
I was steamed and stressed.
Then after coming on the web and finding out that the Chase Hardship line was helping some folks I just called it.
Sure enough we were eligible to close our account and receive a 5 year loan at a 2% interest rate and fixed payments lower than our current payment. Only negative that I could see was that our payments will not go down as the balance goes down.
Totally bizzare that they would actually reduce our interest rate but hell we'll take it!
Not sure how many people they are offering this to but wanted to share and give some hope to others in the same situation.
Ironically, one of my compromise solution ideas was to offer customers a payment freeze option. I didn't bother sharing it on the internet simply because why should I share solutions with a company like Chase Bank for free? But since they are now offering an almost identical version to my idea, I will share that particular idea.
Customers would have six months to one year to pay down their debt at the 2% monthly minimum, or a higher amount every month, if they could afford it, and then, whatever that lowered their monthly minimum to payment to 6 months to one year from now, the customer would agree to have payment amount frozen even as the debt reduced.
MOST PEOPLE could accept that because it ultimately means that the payment amount they would be locked into would be LESS than it presently was, (unless they were using their card for new purchases) but it would also satisfy Chase's goal of having the debts be paid down in a known time quantity.
The remaining problem I have however is, I don't want to talk to a Chase "counselor" who is going to ask me too many personal questions that won't fit inside of any kind of a financial box that they have pre-arranged.
I took time from work to take care of both of my parents. My Income from the last couple of years is in no way indicative of my future income, so do I lie to this person, or get humilated for taking care of my elderly parents and told I don't qualify?
Just make this specific offer available to all of your customers and be done with it, Chase Bank.
Here is an article link to the Chase Pro-Active line.
Chase Bank Offers ProActive Solutions
Post a Comment