Just Another "Chase Bank Screwed their Customers Over" Headline.

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It's important for us to realize that there really is a LOT of ANGER out there over what Chase Bank has done, is doing, and will continue to do. Don't lose that anger, and try to convert it to ways to publicize what Chase Bank is doing.

You are being unfairly victimized if your low interest rate credit card offer is having the monthly minimum payment raised from 2% to 5% with no opt out option. When a bank changes terms, you should have the RIGHT to TO OPT OUT.

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a Daily-Protest.com sign.

WARNING, THE CHASE BANK AUTOPAY SURPRISE may be AWAITING YOU if YOUR MONTHLY MINIMUM PAYMENT is GOING UP from 2% to 5% and you PAY less than 5%.

Apparently, several years ago I signed up for Chase Bank autopay. The autopay I signed up for only kicks in if my payment did not arrive on time.

Since my payments have always arrived on time, I had forgotten that I had signed up for Chase Bank autopay lurking in the background. If any of you are not planning on paying the 2% to 5% monthly minimum payment increase, please be aware that you could get a very big surprise if you send in a smaller payment. That unpleasant surprise being the difference from what you pay versus the new, much higher increase will be taken out via autopay, even if up until now you had not used autopay because your payments were always in on time.

If you want to learn more about Chase Bank PRO-ACTIVE solutions, please click here. The CHASE BANK PRO-ACTIVE DEPARTMENT is supposed to be as close to opting out as one can get, but learn more by clicking this link which will take you to the Daily-Protest article.

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a Daily-Protest.com sign.

Why it is important to treat Chase Bank Customer Service Nicely. What to put in your OPT OUT, Aribitration Request Letter.

There is little to be gained by being mean to a Chase Bank customer service rep. All you do is make them feel grateful they have an employer with so many mean people out there.

The fact that the meaness is a direct result of their bosses is a point that can be conveniently forgotten in times of stress. Ask friendly questions of your Chase Bank interrogators.

Keep in mind that Chase Bank interrogators have been told that the reason the monthly minimum payment has been increased from 2% to 5% is to "help" you pay down your debts. It is very important that you say the following when you are told this.

"What you say is only true if my other debts are at a lower interest rate than my debt with you. Unfortunately, that is not the case. So paying down my debt with you faster than my other debts is actually costing me money every month."

If your board of directors doesn't understand such a basic mathematical principal, maybe they should resign. Can you pass that message on, please?

Additionally, if you are a designated Chase Bank victim who is supposed to come up with a lot more money starting with your August Bill, I recommend demanding arbitration. In the arbitration letter, state that changing terms prior to the arbitration hearing is most likely illegal.

Chase Bank's point that they are helping their customers pay down their debt faster is a LIE if you have other debt at higher interest rates.

(Edit Update - July 17, 2009 - I have added new material below to make this article more well rounded.)

If Chase Bank is using mistaken reasoning for raising the monthly minimum payment, it shows cause for the arbitrator to side with you. Additionally, the Right to OPT OUT is normally given 99% of the time by ALL CREDIT CARD COMPANIES.

Request the arbitrator to either reject Chase Bank's change it terms because their "reduce your debt quicker reasoning" is wrong if you have other debt at higher interest rates.

Also, remind the arbitrator that the most reasonable solutin is to allow customers the right to opt out of the change in terms that Chase Bank is attempting to institute. If Chase Bank refuses to offer OPT OUT, the the arbitrator should rule on your behalf.

The arbitrator can rule against Chase Bank because Chase Bank did not allow the consumer the right to opt out, or because Chase Bank used faulty reasoning in coming up with their decision to raise the monthly minimum payment.

Finally, Chase Bank cannot argue they will lose too much money as other, more friendly proposals exist. Show the arbitrator that Chase Bank should not win when they came up with a very inflexible proposal.

If the arbitrator will listen, offer a counter proposal, such as a six month window for customers to pay down their debt at the 2% monthly minimum payment, or more if they can afford it, then Chase Bank can "lock in" that new 2% monthly minimum payment amount month after month.

The end result is NOBODY will get a raise in their monthly minimum payment, however Chase will get paid off quicker. It's pretty much a win win all the way around, with both sides giving up something and gaining as well. Virtually no consumer is saying the present payment is too much, they are saying the NEW 150% increase in the monthly minimum payment is undoable.

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a Daily-Protest.com sign.

Why CONSUMER FINANCIAL ADVISORS LIKE DAVID RAMSEY and SUZE ORMAN BUG ME.

Do Suze Orman and David Ramsey only accept advertising dollars from companies that don't accept credit cards? Do they make it a stipulation that all of their advertisers only accept checks or debit cards or credit cards that must be paid off at the end of the month? Probably not.

According to David Ramsey's own rules, he should have waited until he could find SPONSORS that did not accept credit cards before starting his own show.

David Ramsey appears disinterested about fighting unethical credit card company practices. Rather than fight for the consumer against unfair credit card practices, Ramsey almost embraces the unethical behavior so he can create an "I told you so atmosphere", and then profit from that I told you so atmosphere by trying to "heal your pain".

Suze Orman, whom I also have occasionally have watched, appears to me to have absolutely no back bone when it comes to fighting against economic injustices. It's always, invest, invest, invest, save, save, save, but never fight against the corporate establishment's wrong doings.

These two "consumer savings/investing consultants" should know that now is not the time to judge people with debt, now is the time to fight the credit card companies into helping their customers pay down their debts by offering incentive based credit card pay down programs.

Check out consumer affairs dot org to see how awful Chase Bank is behaving. http://www.consumeraffairs.com/credit_cards/chase_credit_cards.html How cold hearted, or bought off, can Suze Orman or David Ramsey be if they have no stomach to take on Chase Bank when it has become obvious to many that Chase Bank's actions fall out of the realm of decent behavior are actually endangering the living conditions for so many consumers.

Is David Ramsey going after Chase bank, or, is David Ramsey profiting from Chase Bank's bad behavior by reminding everybody he told you so, and in the process VALIDATING Chase Bank's bad behavior even as he accepts advertising dollars from companies that rely on credit card debt to make additional profits.

The "I told you so mentality" is not helping, Mr. Ramsey and Ms. Orman, now is the time for all reasonable people to help each other, not a time to lecture the masses while profiting from the same old lecture.

http://www.daily-protest.com

http://www.bloggersagainstchasebank.com

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a Daily-Protest.com sign.

WELCOME TO BLOGGERS AGAINST CHASE BANK!

The goal of Bloggers against Chase Bank is simple. Get Chase Bank to reverse their decision to raise the monthly minimum payment from 2% to 5% on existing low interest rate credit card loans to over a million of their most trustworthy and reliable customers.

If Chase bank does not reverse their decision by July 15th of 2009, then this blog will advocate the removal of one Chase Bank Board member AND the reversal of their decision to raise the monthly minimum payment from 2% to 5% on their most trustworthy and reliable customers.

After July 15th, new dates will be set for the removal of a SECOND board member along with the reversal of the 2% to 5% raise of the monthly minimum payment on their most trustworthy and reliable customers.

How does Bloggers against Chase Bank know that Chase Bank has targeted their most trustworthy and reliable customers and set them towards a path of credit default? Because the only way to keep a Chase Bank, life of the loan, low interest rate credit card loan is to never be late making a payment.

Chase Bank has targeted over a million trustworthy and reliable customers for economic hardship, and this blog's goal is protect the very backbone of america, people who have earned these great low interest rate deals and have kept their end of the bargain by diligently paying down these credit cards.

The question now becomes, can Chase Bank keep their word and stick to the original agreement they had with their customers? If Chase Bank cannot stick to the original low interest credit card deal, can Chase Bank at the very least allow all of their customers the RIGHT to OPT OUT of the CHANGE IN TERMS that is now being forced on their unwilling customers.