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adl3849
Joined: 03 Jul 2009
adl3849's page
Posts: 1
50 Magic Points
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Subject: chase doing bad business
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Fri Jul 03, 2009 9:16 pm
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| Yes, my account was closed by chase june 25, 2009. For almost same reasons I have read here. I have had this account since 2002 and paid religiously on time and most time in full . So if they close the account. Why would anyone want to pay what due? You can go to "www.creditkarma.com" sponsor by or partnered with TransUnion . Follow process and it will get your credit score and tell you on credit simulator what if you dont pay.. I mean I have 691 and I know I owe chase but it makes me mad that they just closed my account.... I wouldnt bother me to go down to 685 for their stupidity. Ofcourse I need to consider it will be there for 7yrs.. toss up.. |
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lauren
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Subject: CHASE
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Thu Jul 16, 2009 2:28 am
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CHASE is THE worst bank in the country. They do not want "little" accounts. When they took over WAMU it was a nightmare. They have just been waiting to 'FORCE' out all of WAMU's old customers. They only pander to the very, very wealthy and that is the way they want it.
I hope they go out of business. They closed my account - no warning - nothing AND SENT ME A NEW CARD THE SAME DAY!!! My account was ALWAYS paid on time, I had a very long history with Wamu. As soon as Chase took over I paid the account in FULL every month and barely used it. They immediately raised my interest rate to 31%!!! And my fico score is way up there.
YOU SHOULD BOYCOTT CHASE. THEY ARE DISPICABLE AND SHOULD NOT BE IN BUSINESS. IT'S DISGUSTING WHAT THEY ARE DOING. You can hear these stories from tons of people.
Consumers - we the people - are the only ones who have the power to STOP DOING BUSINESS WITH THEM AND SPREAD THE WORD. |
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carol
Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California
29555 Magic Points
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Thu Jul 16, 2009 11:53 am
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Hi
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| Why would anyone want to pay what due? |
I am afraid lauren, if you owe the money you will have to pay it. I know this is really frustrating, but the fact s you do owe them the money. You could try and talk to the authority about working out a feasible payment option that is comfortable for you (if they agree at all i.e.)
_________________
Keep in touch
Carol |
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Bess
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Subject: Chase
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Sun Jul 19, 2009 1:30 am
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| They sent me a letter (supposedly) I haven't received yet. I went to use my card today and it was denied. I have two cards with chase and the other was denied. Had close to 1200 avail on both cards and when I called them today they said your account is closed. I FREAKED. I'm wondering why and thinking someone got my info..no they said I don't have enough avail balance on other cards. I only have one other card and it's bal is low. I ran a credit report today and it says the accounts open. webside where i pay the bills EVERY MONTH MORE THAN MINUMUM and it still says open. but it's not. they are creeps! Can't believe they have the right to close it but apparently they do. They blaimed it on Experian saying they received notice from them about my rating. There is no listing of that inquiry from them or anyone else in the last 2 yrs. I didn't realize Experian weould send them that kind of info. Had both cards since 2007 and always paid on-time, early and never minimum. I will never use chase again in my lifetime and will tell everyone I know what creeps they are. if this screws my credit history I'm really going to be p.od! |
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Sven
Joined: 22 Jun 2009
Sven's page
Posts: 63
1597 Magic Points
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Sun Jul 19, 2009 2:23 am
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I know this thread is kinda old , but I wanted to add something.
I recently closed one one my credit card account. That account was one of my oldest accounts I had ( but closed it due to an anual fee).
It did not have an impact on my credit score, whatsoever.
But I also have (now) 5 cards. If you only have two...it would be a different story.
I thought it made a difference when THEY close your account and not you. Or does that not matter at all who closes it? |
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gmoney
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Subject: close account
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Tue Jul 21, 2009 1:19 am
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| thanks guys i was thinking about some of these things myself all of you really helped out |
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gmoney
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Subject: get loan to pay off bills
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Tue Jul 21, 2009 1:22 am
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| should i get a loan to pay off my bills if would be cheaper |
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carol
Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California
29555 Magic Points
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Tue Jul 21, 2009 12:50 pm
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Well gmoney
If you can get a loan with a lower rate of interest and one that covers your existing debts, you could apply for a loan (if you qualify). This way you can also pay off your debts in an affordable manner. IMO, this is a good idea.
_________________
Keep in touch
Carol |
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LittleBird75
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Subject: Chase and Citibank
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Tue Jul 21, 2009 4:03 pm
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In the last two weeks I've had both Chase and Citybank close one account each I had with them. Both accounts are over 5 years old and I've never been late on these or any of my other accounts. I've had both accounts paid down to zero at various times and always pay more than the minimum balance.
The reasons cited were things like
"not paying off the balance soon enough" - I didn't know that was a requirement
and balances too high - which they have been high with the economy and a few tight spots where I had to use credit.
At first I was very upset - but I've heard they are doing this across the board. I'm not sure what the advantage to the bank is since I still owe the money and the terms all stay the same. I'm anxious to see how this impacts my credit. Each one states it will show "closed by credit grantor".
This thread isn't too helpful so far. If anyone has specific examples of changes to their credit based on similar situations, I would love to hear it. |
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Sven
Joined: 22 Jun 2009
Sven's page
Posts: 63
1597 Magic Points
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Tue Jul 21, 2009 4:12 pm
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| Already told you that it depends on how many credit cards you have. You need to provide more information. |
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Joe
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Subject: Chase closed my account (just like Vickie above)
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Wed Jul 22, 2009 4:24 pm
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I called Chase today to update my new address, only to find my account closed yesterday. They told me 3 possible reasons for the closing the account:
1) Total Credit Line was too low. (not the case)
2) History of severe past due. (not the case as I was NEVER late)
3) Too few open accounts with time on file. (not too sure what is meant here.
I checked my credit report, everything looks fine. Is this a common trend with Chase? And what are the odds of Chase opening the account again? Or should I just contact the credit bureaus and request them to have it show closed by grantor? |
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Sven
Joined: 22 Jun 2009
Sven's page
Posts: 63
1597 Magic Points
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Wed Jul 22, 2009 6:52 pm
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| It will show "closed". Just be patient. It can take a while ( whenever your next billing cycle starts, for instance). |
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Sonya
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Subject: closing credit card
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Wed Jul 29, 2009 4:03 am
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| `Citibank is raising int rate from 16 to 30%. I can opt out of it and pay off at 16 but the account will change-- threre is $10,000 on it. What should I do? |
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Lynda
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Subject: Chase Credit Card
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Sat Aug 01, 2009 6:29 pm
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| I have just had the same thing happen with my Chase Visa, I have had it for probably 20 years, always in good standing. Always paid off. They sent me the same 3 reasons for closing it, that the others have stated, also not true. Is there any recourse to protect my credit rating from them closing an account on me that I was in good standing with. Not to mention it had the highest credit limit of all my cards. Which are all in good standing too. |
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Lynda
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Subject: Chase is obviously in trouble
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Sat Aug 01, 2009 6:33 pm
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| From what I'm reading here it would appear Chase is in trouble and hurting consumers credit reports by unjustly closing their accounts. I wouldn't be surprised to see a class action lawsuit come out of it. |
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