Just as I have been claiming for the past year, the above ABC video corroborates that banks are simply stalling. I have already offered a simple solution to reverse the economic crisis.
1. Rerack EVERYBODY'S mortgage rate to 4% with NO REVIEW NECESSARY.
2. Free up home equity lines for home owners who don't have a mortgage but may also be out of work. Free up home equity lines for those who have plenty of home equity left. Put a per month spending limit on what can be spent if necessary. Most of the money will go back to the bank and related industries as people pay their monthly debts off. That sure is better than short selling someone's home and stealing their built up home equity overnight.
3. Eliminate interest rate charges on EXISTING credit card debt for all consumers that are PAYING DOWN their overall credit card debt.
These three ideas, if implemented, would stabilize the economy. Why they are not being done already makes me wonder who is the sinister mind behind the stalling. NONE of these ideas are worse than simply having people give up and walk away.
2 comments:
Chase Bank Customer Service complaint RKT
The economy hits hard. I lost work, I was afraid of loosing my home and every else.Got behind in payments.couldnt pay minimum payment of $2860.00 a month.Tried to reason with Chase Cust.Service. CCS.was playing a video game while I was trying to get they’re attention. How did I know they’re were playing a video game? I heard phaser fire into they’re microphone. I had to keep asking CCS. Are you there?,are you there?.When I tried to reason with CCS, they were more interested in playing head games now that I got them off their video game and actually toying with my fears of loosing everything I worked so hard for. I tried to reason with them, My girlfriend tried to reason with them,and American Debt Councelling tried to reason with them to work out a payment plan, not gonna happen. On top of that, I received three different money figures from CCS and from three different CCS representitives. Finally, I told them that they are simply unwilling to cooperate and give me exact money figures on what i owe, and to work with me, so told them that I’ll let the courts make the decision on how much I owe and I can begin payments. This was 4 years ago,I didnt hear a peep out of them for three two years, and now, they're collection agency offered three more different money figures to settle in December 2009, depending on how much money I can come up with in one payment ,two payments and three payments. I didnt accept since I am so lost and rreally dont know what I owe. I know that i was paying minimum payment for three years before this. The others worked with me and are taking payments and are being paid. If Chase chose not to screw around, they would have been getting paid as well and all of this trouble would have been avoided. I go to court to go up against Chases attorney alone. May 18,2010
Would like to know what happened.
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