Consumer and bank relations strained, click on this sentence to see the full article.
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Showing posts with label Daily-Protest. Show all posts
Showing posts with label Daily-Protest. Show all posts
Tuesday, October 6, 2009
Wednesday, August 12, 2009
Monday, August 3, 2009
NEW BLOG ANNOUNCEMENT, INTRODUCING ROBOTS AGAINST CHASE BANK! THE ROBOTS AGAINST CHASE BANK ARE SPEAKING OUT!
NEW BLOG ANNOUNCEMENT, INTRODUCING ROBOTS AGAINST CHASE BANK, CLICK HERE!
Growing legions of Chase Bank customers / victims are now venting on YouTube. Robots Against Chase Bank is there to assemble the Chase Bank youtube venting protestors into one easy to find place.
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Chase Bank YouTube Video about the 2% to 5% raise in the monthly minimum payment.
Video features Peter Meyer. No mention of the no opt out clause not being allowed, no mention of Chase Bank Pro-Active services, no mention of all the class action lawsuits that have been initiated.
Friday, July 10, 2009
Chase Bank's 2% to 5% Monthly Minimum Payment INCREASE for 2 million customers WILL COST CUSTOMERS BETWEEN 100 MILLION TO 1 BILLION DOLLARS A MONTH!
Jamie Dimon of Chase Bank has mistakenly claimed that Chase Bank is raising the monthly minimum payment from 2% to 5% on 2 million of their most loyal, never make a payment late customers as a way to help them pay down their credit card debt.
Jamie Dimon is misinformed, and it concerns me that some one with so much responsibility and that has so many people counting on him to make intelligent, cognizant, truthful statements, could be so misguided.
How can Jamie Dimon run Chase Bank if he doesn't even understand a principle as simple as the most effective way for consumers to pay down their credit card debts?
To put this as simply as I can, the BEST WAY to get out of credit card debt is to pay off the highest interest rate cards FIRST by making bigger than minimum payments every month. The LOWER INTEREST RATE CARDS are paid the monthly minimum payment every month as the consumer is making larger monthly minimum payments on higher interest rate cards.
When Jamie Dimon raises the Chase Bank monthly minimum payment from 2% to 5% on LOW INTEREST RATE CREDIT CARD LOANS, he is making the most reckless decision he can make to his own customers who have never done him wrong but rather made their payments on time each and every month.
I have made an initial estimation that Chase Bank is COSTING THE AMERICAN CONSUMER BETWEEN 100 MILLION TO 1 BILLION DOLLARS A MONTH because of Chase Bank's "ME FIRST", SCORCHED ECONOMY approach to 2 million of their most reliable, never late paying customers by raising their monthly minimum payment from 2% to 5% on low interest credit card rates.
WILL SOMEBODY, ANYBODY, save us from the theft of our own survival resources by Chase Bank?
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.
Monday, July 6, 2009
ARE YOU READY FOR PROTESTS AGAINST CHASE BANK?
CLICK ON IMAGES TO ENLARGE.If we do nothing now against Chase Bank's plan to raise monthly minimum payments on over a million of their never late, trustworthy customers, we will only have ourselves to blame.
In California, the people did something and started fighting back. Unfortunately, I don't believe it was correct to completely blame the state of California for the debt monster that the Credit Card companies first helped create, then won't help reduce by offering realistic credit card paydown programs that use INCENTIVES rather than punishment.
Read the AP article and you will discover an insidious debt cancer that starts when the credit card companies over charge for their services. The link above takes you to Bloggers Against Chase Bank for a more complete explanation of what the AP has uncovered, along with a link to the actual article.
Saturday, July 4, 2009
REVIEWING WHAT IS EVIL ABOUT CHASE BANK'S 150% INCREASE in the MONTHLY MINIMUM PAYMENT.
What Chase Bank is not saying is that the "one-two percent" that they are blindsiding with a 150% increase in the monthly minimum payment are a million to two million of their most trustworthy, reliable customers who were never late making their payments AND were benefiting from a low interest, life of the loan interest rate!
Chase bank appears to be trying to default their most reliable and trustworthy customers by raising the monthly minimum payment on them by an additional 150% because Chase Bank wins no matter what happens next.What makes the situation completely unacceptable is that Chase Bank is NOT ALLOWING THESE OVER ONE MILLION VICTIMS STRONG to OPT OUT of the change in terms to their pre-existing agreement.
If these one million plus blind sided, previously never late paying Chase Bank customers pay the additional 150% increase in the monthly minimum payment requirement, Chase Bank saves a ton of money by accelerating the pay down on these low interest, life of the loan interest rates, a move that has been aptly labeled bait and switch by an LA Times Headlines.
If these one million Chase Bank customers cannot afford the new 150% higher monthly payment requirement. they will default on the special low interest rate, life of the loan account, the interest rate jumping from 3.99-5.99 percent to as high as 29.99%, and their credit rating will be affected as well.
The other point that NOBODY MAKES is that other credit card companies HAVE NOT raised their monthly minimum payment requirements, and if they do, they will MOST LIKELY OFFER AN OPT OUT OPTION TO THEIR CUSTOMERS, whereas CHASE BANK DID NOT!
If Chase Bank succeeds in raising their monthly minimum payment by 150%, they are basically jumping their payback requirements ahead of all the other banks. This then makes the other banks look bad to their investors and literally forces them to do the same thing. If Chase Bank demands a bigger cut of the monthly minimum payment pie, why shouldn't all the other banking boards do the same thing to customers cannot afford it?
I am actually for higher minimum payments, as long as they are done when someone gets their first credit card, not after they have built up debt under the 2% monthly minimum rule and are using the low interest rate card to pay down that particular bill while paying down higher interest rate cards first, which is EXACTLY how Chase Bank marketed the discount offer to ALL OF THESE CUSTOMERS they are now blind siding.
If Chase Bank succeeds in raising the monthly minimum payment by 150%, consumers will have LESS AVAILABLE MONEY every month to pay other higher interest debts. Chase Bank's demand also suctions much needed money from local economies as people will have absolutely no additional money to spend, even on basic necessisities.
When these consumers credit rating is lowered for defaulting on these Chase bank accounts, they will be paying higher interest rates in the future as well, resulting in less money every month for the local economy.
EVERYBODY is watching to see if Chase Bank succeeds with their "me first, screw everybody else" mind think. Read the consumer affairs dot org link to see how Chase Bank is devastating over a million people come August 2009.http://www.bloggersagainstchasebank.com
Friday, July 3, 2009
RECORD CONSUMER CREDIT CARD DEFAULTS ARE INEVITABLE WHEN BANKS KEEP RAISING CONSUMER CREDIT CARD INTEREST RATES!
I feel badly for the news reporters that just churn out what they are told to churn out about consumer credit card default rates rising. What fails to get mentioned in each and every article or report that I have read is the correlation between consumer credit card default rates and the rise in the consumer redit card interest rates.
Isn't it possible, just possible, that for every percentage point that the consumer credit card interest rate is raised, there will be a corresponding rise in the default rate of at least one percent as well?
In my opinion it results in the reporter looking silly if they are unwilling to include such a simple question in their credit card default article or column... "
Do you, oh grand credit card executive/pubah, see a correlation between raising interest rates on credit card accounts and the rise in credit card defaults?
Unless the credit card industry executives are asked the question above, we cannot make any progress in getting to the truth about what is really going on.
Thursday, July 2, 2009
CHASE BANK RAISING MONTHLY MINIMUM PAYMENT ON OVER A MILLION CUSTOMERS AND CHASE BANK CREDIT CARDS ARE THE TWO TOP STORIES AT CONSUMER AFFAIRS DOT ORG
Click HERE to go to Most Viewed Pages on CONSUMERS AFFAIRS dot org.Should anyone be surprised that the NUMBER ONE and NUMBER TWO STORIES on CONSUMER AFFAIRS dot org are about CHASE BANK, and they are not complementary stories, that is for sure.
Keep the heat on. Lets make signs that say Daily-Protest.com on them and put them where others can see them, such as in storefront windows, countertops, and bulletin boards. This technique is working magnificently for Seven Eleven!
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.
Thursday, June 25, 2009
LOOK AT HOW FAR CHASE BANK HAS FALLEN.
WARNING, this link is for a Chase Bank Ad. I just want to highlight how far Chase Bank has fallen. Once again, Chase Bank is enticing people to sign up for a NEW CREDIT CARD and INTRODUCTORY ZERO interest rates even as they continue to STAIN and DEFAULT the good name of hundreds of thousands of their best customers. Chase Bank is INCREASING the MONTHLY MINIMUM PAYMENT BY 150% ABOVE and BEYOND what THEIR NEVER LATE PAYING CUSTOMERS WILL BE FORCED TO PAY.
What is even sadder is that right in the ad it says that the length of time one gets the zero percent rate will depend on their credit rank. Huh? Chase Bank is going to tell someone they have stinky credit even as they give them a credit card??? Yet Chase Bank is scolding other established customers who have never been late on their payments by raising their monthly minimum payment to the point where they will default?
Who are these Chase Bank clowns and why are they not in jail or at least charged with treason against law abiding U.S. Citizens? Is Chase Bank reaping greater profits by defaulting their own customers then they are by just being a good, upstanding bank?
Tuesday, June 23, 2009
Chase Bank Arbitration Request by Daily-Protest.
I got my notice yesterday that Chase is raising my monthly minimum payment from 190 dollars to 470 dollars. No, I am NOT allowed to opt out of this change in terms. I've never been late on a payment and always paid a bit more than the minimum, and I was PROMISED life of the loan low interest rate AND OPTING OUT is a courtesy that credit card companies allow 99% of the time!
I will be requesting arbitration on this matter. (this is my right). Chase Bank is evil. How can some just observe and judge and not feel any anger over how unfairly your fellow neighbor is being treated? Look up the word obtuse if you dare.
HOW YOU CAN HELP THE DAILY-PROTEST.com CREDIT CARD PROTEST GROW WITHOUT EVEN PROTESTING YOURSELF, AND IT IS FREE.
Sunday, June 21, 2009
CITIBANK INDIA won't let CUSTOMER pay on the 10th of the MONTH, their bill collector shows up SUNDAY MORNING to COLLECT THEIR PAYMENT!
One of my worries about the complacency of americans over the credit card scandal is that whatever miserable treatment americans accept will still be better than what happens elsewhere. As credit card companies do horrible things like go back on their previous promises in the United States, their behavior in other parts of the world will be even worse.
Overall, Chase Bank has really been the worst in my book. One time Citibank tricked my father into accepting a 6 month low interest rate offer when I had instructed him to wait for a life of the loan deal like he previously had (and mistakenly balance transferred elsewhere). Another time an AMEX phone sales person switched me to a delta sky miles card while promising THREE TIMES my interest rate would not change (it did, upwards of course),
Of course a customer should be allowed to set the actual number of the day each month they want to pay their bill. Of course a credit card customers should not be forced to pay before their first paycheck arrives for that month, thereby leading to a default and no doubt a much higher interest rate.
And picking up a payment from the person's home, on a Sunday, in front of family members, huh??? Come Citibank, you can do better than that, you should be proud to be better than Chase Bank Credit Card, and it is not that hard either.
CHASE BANK PROTEST-DAY 9.
HOW YOU CAN HELP THE DAILY-PROTEST.com CREDIT CARD PROTEST GROW WITHOUT EVEN PROTESTING YOURSELF, AND IT IS FREE.
Friday, June 19, 2009
And ANOTHER CHASE BANK CHARGING ILLEGAL FEES CASE, from 2007, but it sounds like so many other cases...
This story is kind of scary, it involves Chase Bank Employees from the Milwaukee area that basically stole money from an elderly woman's account, even charging a 9.95 "software fee" every month.
If I can find the time I will research how the case came out. Here is the link.
CHASE BANK PROTEST-DAY 9.
HOW YOU CAN HELP THE DAILY-PROTEST.com CREDIT CARD PROTEST GROW WITHOUT EVEN PROTESTING YOURSELF, AND IT IS FREE.
Thursday, June 18, 2009
CHASE BANK FREEZES HELOC's, A Call To Action Blog Link Provided below.
It appears that Chase Bank is so big that the automated computer part of the company does the dirty work so Chase Bank employees don't get blamed or sued. I have read that Chase Bank rejects around 70-80% of home loan applications. Of course they keep the fees. Computer generated letters come out that reduce home equity lines, lower credit lines, and so on, and even if one responds to the computer generated letter, if the letter is ignored, Chase Bank profits.
It almost seems as if Chase Bank can make more money by rejecting home loan
CHASE BANK PROTEST-DAY 9.
HOW YOU CAN HELP THE DAILY-PROTEST.com CREDIT CARD PROTEST GROW WITHOUT EVEN PROTESTING YOURSELF, AND IT IS FREE.
Tuesday, June 16, 2009
Saturday, June 13, 2009
Does JOHN McCAIN pay ZERO PERCENT INTEREST on his QUARTER MILLION DOLLAR CREDIT CARD DEBT even though McCAIN is AGAINST GOVERNMENT SPENDING PORK ???
Mr. McCain may get the ultimate hypocrite award if he is getting zero percent interest on his AMEX credit cards while railing in congress against pork projects.
Do you think Mr. McCain, that maybe, just maybe, millions of americans AND THE ECONOMY, would benefit from a credit card debt incentive based paydown program involving zero percent interest on all credit card debt that is older than three years?
Your free interest qualifies as pork if you don't allow it for all americans, or is that what you would then call socialism? Look up the word OBTUSE, it may apply to you and your position on zero interest rate credit cards for yourself while tens of millions of americans are charged between 20 to 30% interest.
Saturday, June 6, 2009
FEDERAL RESERVE HIRES LOBBYIST for IMAGE MAKEOVER. This is HOW the MEDIA IS CONTROLLED, the MEDIA EAGERLY ACCEPTS AD DOLLARS from CORPORATIONS.
How can the media do an honest days work if they rely on Chase Bank, the Federal Reserve and Wall Street for their advertising dollars? Answer, they can't.
Solution? Compartmentalize advertising streams so local advertisers can still advertise in major magazines, newspapers and on television. You live in St. Louis, you can advertise in Time Magazine, St. Louis area only.
You live in Denver, you can advertise on the television show 30 Rock, in the Denver area only. This would instantly create a ton more advertising jobs while REDUCING the cost of advertising for small business. Until this happens, the corporations will continue to have all the power and the influence over the media.
How does this relate to the Federal Reserve? The Federal Reserve is now basically going to do exactly as the corporations do, and hire a public relations person to make everybody believe they can do no wrong and are our heroes.
Until the Federal Reserve acknowledges that the one trillion dollars in credit card debt that is currently burying the american family and their futures by suffocating local economies throughout the United States, any expenditure they make to try and change that reality is the equivalent to treason in my book.
Monday, June 1, 2009
Thursday, May 21, 2009
IMPORTANT ANNOUNCEMENT, DAILY-PROTEST Will be Changing how it reports the fight against Chase Bank and the Credit Card Industry.
The amount of reporting on the credit card industry that is required to keep up on a daily basis has caused me to spend so much time simply monitoring the newswires and then writing articles that I cannot protest daily in public as I originally wanted to do.
That's right, the level of egregiousness by the credit card companies is so vast, I can't be two places at once.
This is not necessarily a bad thing. This past Saturday, Daily-Protest attended the John and Ken Tax Revolt Rally #2 held at Tom's Farm in Corona, California, and took a lot of photos and posted them in prior articles.
The very next day, Daily-Protest published five different stories on the credit card industry and Chase Bank, yet it didn't make sense to give them Titles with the Daily Protest, day number so and so, on them. So, I've decided to abandon numbering every day of the protest against Chase Bank because there are going to be many articles that are about credit card issues outside of actually protesting Chase Bank.
Instead, the daily protest number "so and so" will only appear when I actually am able to protest on the streets. On days that I don't protest on the streets, you can be pretty certain there will be at least one or two new stories about new ways the credit card industry and Chase Bank have found to make the lives of some their customers unreasonably unfair.
The order of importance in the future for this blog will be, rooting out all the horrible things that Chase Bank and the Credit Card Industry are doing to the american consumer, and doing it oh so unnecessarily.
Secondly, getting store owners to put up a Daily-Protest sign in their window will be where I devote my time INSTEAD of protesting. The more places that put my Daily-Protest sign, the more that will raise awareness than my protesting will from one spot will.
Thirdly, I will put time into actually protesting, but only after all of my too many to count family obligations are met first.
I am comfortable with that order for now. In the meantime, you can help out by putting a Daily-Protest.com sign in a storefront window, a bulletin board, or a counter top. You just never know how deep the credit card offensive really runs, nor how many people the credit card industry has really hurt. Chance are that your business or your place of employment has suffered a direct hit because of the credit card companies, you just may not know about it.
Friday, May 15, 2009
Daily-Protest Readers, please check your bookmarks to make sure they say either Daily-Protest.com or Daily-Protest.blogspot.com.
If your bookmark was set while reading a specific article, every time you click on your bookmark it will always default to that article and not the current one.
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