What if Judges Waived all BANK FEES, PENALTIES, and INTEREST RATE CHARGES in Debt Settlement Cases?

What if Judges waived all interest rate charges on all of their debt settlement cases? Would not waiving fees, penalties and interest rate charges motivate the banks to try and use incentives to get consumers to pay down their debts?

If someone has a 10,000 dollar credit card debt, and judges don't include any additional fees, penalties, or interest rate charges, isn't the bank going to be a LOT MORE HELPFUL in getting that person to pay down their actual debt BEFORE taking them to court?

It is the lure of the penalties, the fees, the interest rate charges that is preventing bankers from being human beings. Since Bankers can't help themselves, and will only do the helpful thing when all other choices are taken away, why don't you judges just start warning the bankers and collection agencies that you WILL NOT accept any late fees, penalties, annual renewal fees or interest rate charges onto any judgement that is going to be made in your courtroom?

This country was founded by formerly indentured servants who came to america to pay off their debts. It is not a far stretch to break the bank of tyranny by removing the biggest tool of enslavement, ongoing interest rate charges, fees and penalties that the debtor can no longer afford to pay.

There is no dishonor in paying back what is owed, minus the fees, penalties, and interest rate charges, especially in times of economic pestilence.

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.

INCENTIVES, INCENTIVES, INCENTIVES, DAILY-PROTEST BEMOANED LACK of BANKING INCENTIVES to PAY DOWN DEBTS MONTHS AGO, ONLY NOW is the MSM REPORTING it.

Back in May of 2009, Daily-Protest.com began reporting that the banking industry was not offering, nor seemed interested in offering consumers any kind of "INCENTIVES" to help pay down their debts.

Just now, approximately 80 days later, PETER S. GOODMAN of the New York Times is reporting that home mortgage firms have little INCENTIVE to help homeowners avoid foreclosure!

I've written sooooo MANY ARTICLES about how CHASE BANK'S Jamie Dimon, Barack Obama's favorite banker, has determined he can make more money by letting his home mortgage and credit card divisions lose money so Chase Bank's other divisions can make even more profits by buying distressed businesses at far below market value.

However, it is specifically because the banking industry IS NOT helping the consumer that these businesses become distressed as fewer and fewer people can afford their goods and services. So this makes the Wall Street Bankers actions worthy of a CONSPIRACY. The purposefully are wanting the home mortgage and consumer credit card debtors to default so they can profit every which way!

Barack Obama appears to be supervising a white house team of teflon evil doers who continue to say they inherited all the bad, as they try and to take credit for any hopeful falsehood that sounds good in print.

Are hopeful falsehoods acceptable to you? They are not acceptable to me.

Barack Obama has not offered even one INCENTIVE so people can work their way out of their own messes. Instead, Barack Obama wants to personally feed everyone a bailout, stimulus package, bribe or tax increase so he can have his hand in everything, at the ready to pounce on any situation that he can take PERSONAL credit for. This type of egoism will lead to the UNNECESSARY loss of homes for many many americans.

Where are the INCENTIVES, BARACK OBAMA? Where is the INCENTIVE to pay down our own debts WITHOUT HAVING TO INCUR THE RIDICULOUS ONSLAUGHT OF FEES, PENALITIES AND HIGHER CREDIT CARD INTEREST RATES that make it impossible for honorable americans to pay back their debts?

Where are the incentives that allow US citizens to do for themselves rather than be force feed your silver spoon philosophy, Barack Obama?

BARACK OBAMA'S FAVORITE BANKER is CHASE BANK'S JAMIE DIMON, KING OF THE FEE MONGERS!

Barack Obama should study what Munchausen's disease is and AVOID the behavior that leads to it at all costs. Instead, Barack Obama appears to have embraced Munchausen's disease as his own self induced religion. Barack Munchausen Obama, it sadly has a ring to it, and a ring that could lead to the loss of your own home.

While Barack Obama fiddles, you're being over fee'd, over penalized, and over interest rate charged until you lose your way of life. When does the change we were promised actually happen?

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.

Kilroy Upset that Chase Bank Jobs are Being Sent to India

Kilroy Upset that Chase Bank Jobs are Being Sent to India

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.

DAILY-PROTEST dot com DOES NOT APPEAR ON AOL SEARCH ENGINE, YEESH.

I can't stand when this kind of stuff happens. Daily-Protest blog does not show up when I search on AOL using daily-protest.com as the search phrase.

Daily-protest links show up, but only if they appear on other websites! Not one hit for daily-protest.com, even when I simply type in the daily-protest.com web address. yeesh.

THE Daily Protest.com link shows up (which is a different website from this one), but not daily-protest.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.

USA TODAY CHASE BANK PR ARTICLE tries to make Chase Bank and Jamie Dimon look like the good guys.

CLICK ON IMAGE TO ENLARGE.

Please click here to see the USA Today article about Jamie Dimon.

If you are registered with USA Today, you can reply in the comments section about the ridiculous USA Today article promoting Jamie Dimon as our friend and savior. You can also use your facebook account to reply if you don't want to register.

When I saw the article for the first time, SEVERAL people had already left comments ridiculing the article and the writer in the comments section. Writing such outlandish drivel about a person who is gleefully driving his home mortgage and credit card divisions into default so his other Chase Bank divisions can profit handsomely as a result, is the act of a company desperate for positive publicity.

No mention in the article that Chase Bank is denying 2 million of their most reliable, never been late with a payment customers the right to opt out of an odious change in terms that will result in peoples monthly minimum payment going from 2% to 5%.

No mention in the article about Chase Bank lowering home equity lines to far below fair market value.

No mention of the OVER A DOZEN LAWSUITS that Chase Bank currently faces from their own customers.

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.

Credit Card Headlines, who can we trust or believe? Who will ask the tough questions of Chase Bank?

CLICK ON IMAGE TO ENLARGE
CLICK ON IMAGE TO ENLARGE

The Two headlines above are both talking about Capital One's 2009 second quarter. The first one says 'CAPITAL ONE POSTS 2Q LOSS AS CHARGE-OFFS WORSEN. The second headline states, UPDATE: CAPITAL ONE TURNS A PROFIT, SEES NO TURN IN LOAN TRENDS.

If headlines about the same company can be so completely opposite, how can we believe anything that Wall Street, Jamie Dimon, Chase Bank, or even Barack Obama says about our economic future?

Want More Proof?

CLICK ON IMAGE TO ENLARGE

The Law Blog headline right above "The Revolution Rolls on: JPMorgan Chase Suspends Arbitration Activity" features a quote from Chase Bank representative Paul Hartwick, “Chase seeks to provide excellent service with integrity and respect for our customers".

When I first googled the Paul Hartwick quote, IT APPEARED NOWHERE ELSE ON THE INTERNET, it only appeared on the above blog!

CLICK ON IMAGE TO ENLARGE

That would make the quote an exclusive, no? Yet, the quote is just sort of mentioned as if it were part of a news conference. But if the quote was mentioned at a news conference, it would have appeared in a few more internet news outlet sources.

That sure was one small news conference, to have it originally ony appear IN ONE ARTICLE ACROSS THE ENTIRE INTERNET!

Since first checking the Hartwick quote, I did find a SECOND blog that quotes, the first blog. Is that it? So Chase Bank makes an announcement to the media to suddenly end arbitration and the direct quotes from Chase Bank executives don't appear anywhere but in ONE Wall Street Journal blog? Huh?

A further search done a few days later reveals a few more blogs, but they are just repeating what the Wall Street Journal Blog first wrote. Is that it, no other major media outlet even bothered writing a story about Chase Bank ending arbitration???

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.

Chase Bank offers ProActive Solutions for Customers who Cannot Afford the 2% to 5% Monthly Minimum Payment.

(Update - Oct. 8, 2010 - Please go to this article as well to learn about the Chase Bank Balance Liquidation Program)

I just spoke with Chase Bank Credit Card Pro-Active Solutions Department. I did not go through the actual process of requesting a credit card "loan modification", but you can. The loan modification is for anyone who cannot afford the Chase Bank 2% to 5% raise in the monthly minimum payment on their low interest credit card loan.

Basically, you will be asked what your income is. Your deal will be based on your income and your ability to pay back the loan within a five year period. My opinion is that they are not verifying income. However, if you lie about your income and get a new deal, and then can't make the payments on the new deal, you won't be eligible for any additional modification for five years, and your account will probably go to default.

If you lie about your income, but can still make the payments on time every month until you pay off the loan, then, whatever, whatever. Ultimately, Chase Bank IS STEALING FROM YOU because they are forcing you to accept an accelerated paydown of your low interest rate credit card if it cause you to take longer to pay down other debt that is at a higher interest rate! However, a five year deal is better than either defaulting or accepting their 5% monthly minimum payment program if you cannot afford to pay down the debt that fast, or have to lower your payments on other debts that have a higher revolving interest rate charge.

I really don't like that everybody that is about to have their monthly minimum payment raised from 2% to 5% is NOT being notified about the five year plan. Only the bare minimum who check out a blog like this will discover this program. I think not notifying EACH AND EVERY CUSTOMER about the five year deal is deceptive. Everyone who was offered a similar type of low interest, life of the loan credit card offer (a life of the loan percentage rate of anywhere from 1.99 to 5.99 for the life of the loan) should be notified about the five year deal, so why doesn't Chase Bank just offer a one size fits all INCENTIVE BASED credit card debt paydown plan?

In the meantime, the best plan you can get from Chase Bank appears to be the five year deal. Please understand that you will be making that same size payment each month for the next five years AND your card will be CLOSED to new activity of any kind! You should however, retain the interest rate you are currently paying, and in some instances, apparently people are getting even lower interest rate offers.

You can pad down the payment on your five year deal by first making a bigger than normal payment to the account before asking for the five year deal.

I'm still going to ask for arbitration, but for most of you, Chase Bank ProActive Solutions may be the way to go. Allegedly, one can ask for ProActive Solutions at any time as long as their account REMAINS in good standing.

Chase Bank's Pro Active Solution phone number is... 866-351-0182, Pro Active hours of operation, Eastern Standard Time are, Mon-Thur 8AM to 10PM, Friday 8AM to 7PM, Saturday, 8AM to 5PM, Sunday 9AM-10PM

If you go through the process, please leave a comment here as to what your deal was, you can leave the comment anonymously if you wish.

(Edit update - I ended up going for the five year program. I made one payment at the 5% monthly minimum payment, and then I applied for the five year deal. That one 5% monthly minimum payment caused my five year plan to lower by I think it was 10 dollars a month over what it would have been had I not made that one bigger payment first.)

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.

Is Chase Bank playing favorites, allowing some customers excellent solutions to their monthly minimum payment increase while others get nothing?

I have been informed there are two Chase Bank super special secret sauce solution phone numbers where one can call and get a favorable result to the catastrophic Chase Bank's raising of the monthly minimum payment from 2% to 5% on their most prudent, never late making a payment customers.

I just don't like the idea that Chase Bank is willing to secretly "fix" a very public wrong that they have already committed, and continue to commit, for only a select few.

Unless Jamie Dimon PERSONALLY APOLOGIZES to the 1 to 2 million salt of the earth Chase Bank customers that have been wronged, AND comes up with a CREATIVE INCENTIVE that helps ALL OF THE CUSTOMERS HE HAS AFFLICTED WITH HIS CHANGING TERMS AND NOT ALLOWING AN OPT OUT OPTION, what good does it really do to accept Chase Bank's DIVIDE AND CONQUER strategy?

You are not above your customers, Jamie Dimon. Any success that you derive is because of your customers willingness to follow the rules, and that needs to be a two way street.

Isn't this exactly how economies get into trouble? They do something wrong, then exacerbate the wrongness by rewarding people to keep quiet about the wrongness that has already occurred.

Is that not a part of the frustration YOU FEEL when an occasional internet responder tries to accuse you of being irresponsible because you can't afford an overnight 2% to 5% increase in the monthly minimum payment?

You did nothing wrong. You faithfully paid down your Chase Bank bill, steadfastly followed the rules in place, then had Jamie Dimon approve a monthly minimum payment increased of 150%!

Is the best that Chase Bank can do now is offer a secret phone number that they don't want publicized to the very people who need it the most?

THIS SOLVES NOTHING.

JAMIE DIMON, APOLOGIZE AND REVERSE COURSE.

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.

WAKE UP CALL FOR 2 MILLION CHASE BANK VICTIMS of the 2% to 5% MONTHLY MINIMUM PAYMENT INCREASE, LEARN WHO IS STEALING YOUR THUNDER!

It will take at least 500 to a 1,000 internet protestors to make a dent against the Chase Bank monolith. There may in fact be 10,000, 20,000, even a hundred thousand or more people upset with Chase Bank, but they don't post on the internet nor do they share what they are doing to protest Chase Bank.

I think it is very important for all of you not to just think of this DAILY-PROTEST site and BLOGGERS AGAINST CHASE BANK as simply places to make you feel better as a victim. These two sites are here to inform the uninformed, to motivate those who thought there was nothing they can do, and to DEFEAT CHASE BANK AND MAKE THEM REVERSE COURSE.

What I am saying is, you are very welcome here, but we need MORE people involved. Don't be shy about getting a FREE GOOGLE BLOG, the link is to the right of this column! You don't have to do research. Just tell your Chase Bank horror story on your blog, and just update it once a week.

I am telling you now, if you don't get other people involved, not only will Chase Bank not reverse course, but other banks will follow. STOP BEING FRIENDS with people who won't support you. SPEND NO TIME with them.

I can't tell you the number of people who have always wanted my time, but when it came time to help me, were too busy. I will occasionally talk to them, but I don't spend time with them.

PEOPLE WHO SAY IT CANNOT BE DONE SHOULD NOT GET IN THE WAY OF THOSE WHO ARE ALREADY DOING IT. -George Bernard Shaw

If you have friends who naysay you, that say Chase Bank is too big and powerful, Tell them the saying above by George Bernard Shaw, and ask them to reconsider their negative energy towards your cause. If they won't support you, then DUMP THEM AS YOUR "FRIEND".

If you belong to forums, put links in your signature to this and other protest websites.

Our biggest obstacle is turning out to be the republican party. I say that as someone who first voted for Hillary Clinton in the democratic primary, ad then John McCain last year. The republican party HAS STOLEN the anti Chase Bank energy and converted it into Tea Party Protests.

When people do tea party protests, they are DISRESPECTING YOU. What you are going through as a Chase Bank victim NOW, TAKES PRECEDENCE OVER what MIGHT happen down the road because of higher government spending. Not only that, if Chase Bank wasn't trying to stifle local economies in the three ways I have mentioned several times on this blog, THERE WOULD BE NO NEED FOR STIMULUS PACKAGES AND BAILOUT PROGRAMS!

YOU, as a Chase Bank Victim, are top priority. If you are a republican, CHALLENGE YOUR PARTY TO FOR ONCE, DO SOMETHING FOR THE BLUE COLLAR GUY, JUST ONCE.

Whenever you see a Tea Party Protest, don't be happy, be ANGRY that they are STEALING the publicity that TWO MILLION CHASE BANK CUSTOMERS / VICTIMS SHOULD BE GETTING right now.

TEA PARTY PROTESTS DO NOT SUPPORT YOU, THEY STEAL MEDIA ATTENTION AWAY FROM OUR CAUSE AGAINST CHASE BANK AND ARE NOTHING MORE THAN A VAPID REPUBLICAN TOOL TO MAKE BARACK OBAMA LOOK BAD. I'm saying this as someone who DID NOT vote for Barack Obama last year, either time!

EVEN IF YOU BELIEVE THE TEA PARTY PROTESTS ARE NOT JUST REPUBLICANS TRYING TO GET BACK INTO POWER, THE PROTEST SHOULD WAIT THEIR TURN UNTIL AFTER CHASE BANK IS TURNED BACK!

Be angry at the republicans, be angry at those who carry tea party protest signs but don't give a crap about what Chase Bank is doing to 2 million of their best customers.

Most importantly, would you put up a physical sign with a web address that directs people to your favorite protest blog against Chase Bank? WE HAVE TO REACH PEOPLE who would not think to use the internet to protest against Chase Bank, that can't be done from this website, it has to be done on the streets.

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.

The TEN DOLLAR CHASE BANK CREDIT CARD PAYMENT PROTEST CHALLENGE by MIDDLE CLASS AMERICAN JOE.

Middle Class American Joe has come up with an idea that I think is worthy of sharing with you all. Middle Class American Joe is suggesting anybody who cannot afford the Chase Bank increase in the monthly minimum payment from 2% to 5% to just send in 10 dollars the month the increase goes into effect.

I think I may join in with this idea.

However, I think it is prudent to actually deposit the difference between the 10 dollar payment and the previous monthly minimum payment, into a CREDIT UNION account. Consider this your monthly "escrow account" where you will keep the necessary funds to pay the Chase Bank monthly payment based on the prior 2% monthly minimum, when Chase Bank reverses course.

If enough people did this, it could send a wake up call to Chase Bank. Not only did their own customers not send in the ridiculous and unethical 5% monthly minimum payment, but their customers also opened up a credit union account which they may end up keeping open even if Chase Bank reverses course.

Can the 10 dollar protest payment idea really spread wings and reach the one to two million Chase Bank customers over the next couple of days? Remember, Chase Bank customers who only pay the 10 dollars should be those who are affected by the 2% to 5% increase in the monthly minimum payment. Anybody else doing it might just be hurting themselves.

If you agree with this idea, but don't share it or spread it with anyone else, the idea will fail. If you plan on doing this idea, YOU MUST SHARE IT with your email lists, anybody you know in the media, and ASK THAT THEY SHARE IT AS WELL.

This article has a SHARE ICON at the bottom, click on share and you can post this article on any blog anywhere that you have access to, it's that easy to share this article, and spread the idea.

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.

Do you pay off credit cards monthly? New law won’t help you, and might even hurt - The Boston Globe

Do you pay off credit cards monthly? New law won’t help you, and might even hurt - The Boston Globe

Posted using ShareThis

WARNING, MINNESOTA ATTORNEY GENERAL SUES NATIONAL ARBITRATION FORUM for FAVORING the CREDIT CARD COMPANIES AGAINST CONSUMERS.

I have been advocating consumers who are being victimized by Chase Bank and their raise in the monthly minimum payment from 2% to 5%, request arbitration. I just want to pass on a heads up that The National Arbitration Forum is being accused of Favoring banking giants such as Chase Bank, Bank of America, Citi Bank, and so on down the line, over the consumer.

I can imagine that if the results are not to the major banks liking, they simply will take their business to another, more "reasonable" arbitrator. It is not that far of a stretch to feel compelled to somewhat manipulate results if your employer will fire you otherwise.

This is the exact same kind of game playing that allegedly goes on in the food industry business. If a food giant hires a food inspection company to document that they follow safe food handling practices, just how far will the company that has been hired by the food giant go against the very company that is probably paying them for favorable results.

Now we find the same pattern in the finance industry when it comes to arbitration. I still recommend arbitration, just be wary and be tough and mention that you know about THIS LAWSUIT FILED BY THE MINNESOTA ATTORNEY GENERAL AGAINST THE NATIONAL ARBITRATION FORUM and that you expect a fair hearing no matter who is paying their way.

I have read on the internet allegations that some home appraisers may be giving out appraisals that favor the banks agenda on a case by case basis.

The beat goes on.... or should I say, the consumer beating goes on.

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.

Is JAMIE DIMON and CHASE BANK about to RETREAT on their 2% to 5% RAISE in the MONTHLY MINIMUM PAYMENT?

There are some hard core Chase Bank haters who are hammering away on the internet, contacting the media, complaining directly to Chase Bank, posting to the Chase Sucks Forum or at Change in Terms dot com, or writing a complaint at Consumer Affairs dot org.

Then there are hundreds of bloggers who are pissed off and will devote entire articles to their hate for Chase Bank. These bloggers don't have a dedicated blog to hating Chase Bank, but they have used their regular blog about coupons, headphones, raising kids, being in love, to suddenly go off topic and complain about Chase bank! I mean, WOW!

Then there are the thousands who are also taking the time to write letters to Consumer Affairs dot org, their congress person, the Office of the Comptroller of the Currency, or the board of directors of Chase Bank, or just complaining to Chase Bank customer service.

Then there are the people who are googling, who have never before googled phrases such as "raise the monthly minimum payment", "OPT OUT", "Change in Terms", or "Chase Bank Protest". I can only imagine the feeling of vindication and rejuvenation they might feel when their google search reveals actual links to blogs and articles where others express similar sentiments such as feeling like they too have been kicked in the stomach, by Chase Bank.

Considering that this is a free google blog, I have still put HUNDREDS OF HOURS into it in front of the key board, plus several dozen more hours actually protesting on locations, even making the protest signs takes time. I can't forget the almost 10 bucks for magic markers to make my protest signs with and free white cardboard stock from Costco.

Therefore seeing the recent spike in readership here is gratifying.

We all are motivating each other. The more hits Daily-Protest dot com and Bloggers Against Chase Bank dot com get, the harder I try. The harder I try, the more people seem to find my blog who then realize they are not alone, nor are they a loan.

On the one hand, I wish my audience was 10 times as large, as then I would know for sure that the messages from this blog are getting out there. On the other hand, my audience could easily be ten times smaller if Chase Bank had taken a different, less violent approach towards their customers.

Don't give up, please show up here every day, say hello. It all helps remind Chase Bank that strangers who don't even know each other or even live by each other, are amassing against them.

Just imagine if each one of you put up a Daily-Protest.com sign where others could see it, ouch!

Fortunately, my own research has led me to the conclusion that Jamie Dimon cannot win. The best chance Mr. Dimon has to save his own job is a very fast retreat from the harsh position Chase Bank has chosen to take against millions of their best, most loyal, never late making a payment credit card customers.

Remember, Mr. Dimon is not even schooled in being a banker, and may I say, it shows.

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.

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.

CHASE BANK BAIT and SWITCHING, AGAIN! WHITE HOUSE, BARACK OBAMA, and REPUBLICANS DO NOTHING.

It seems as if Chase Bank is going to do whatever it wants to do when it comes to dealing with their credit card customers. Los Angeles Times Writer David Lazarus exposes the latest and ugliest Chase Bank Bait and Switch Swindle of the american consume as they change flat rate interest rate cards to variable rate instead, without even offering an OPT OUT option!

Just where is Oprah Winfrey, Suze Orman, David Ramsey, our Celebrities, Politicians, Sports Star Athletes, or 60 MINUTES when it comes to protecting the very people who support their media careers by watching their shows and buying their sponsor's products?

Are you still buying products from people who won't step up and protect the american consumer from the Likes of 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.

ARE YOU READY FOR PROTESTS AGAINST CHASE BANK?

CLICK ON IMAGES TO ENLARGE.

This is no longer about just Chase Bank, The AP just released an amazingly important study that proves that Credit Card Company debt collection tactics are suffocating local economies all over the United States (click anywhere on this sentence for AP Article).

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.

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.

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

http://www.daily-protest.com

http://www.changeinterms.com

http://www.consumeraffairs.com/credit_cards/chase_credit_cards.html

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.

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.

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.

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.

PLEASE VOTE IN THE LA TIMES IS CHASE BANK EVIL POLL.

Please vote in the LA Times Chase Bank Poll. The article by Dave Lazarus is pretty good, the headline is spectacular, but there are a couple of unfortunate omissions. Mr. Lazarus implies that Chase has defeated the lawsuits against them when they have not by stating that what Chase Bank has done is despicable but possibly legal (the lawsuits are still ongoing).

Mr. Lazarus does not mention opting out. However, the mentioning of bait and switch is very strong and I am very happy that was included in the actual headline of the article, wow!

I find it frustrating that the LA Times IS NOT ALLOWING COMMENTS on this article, a disturbing trend in my opinion. However, to the LA Times and Mr. Lazarus credit, they did put a poll in this article and Chase is just getting pasted! Please join in the fun and vote. It actually does matter.

Although comments are enabled beneath the article, Mr. Lazarius can also be reached by email, which I think is very cool (I always recommend the ultimate in politeness when emailing a writer).

Apparently, internet news etiquette is either comments can be left but the writer may not be contacted, or if comments cannot be left, the writer can be contacted via the internet. That seems to be the case for most articles left on newspaper websites, except for the AP, which appears to not allow either contact with the writers of their articles, nor can comments be left. Yeesh.

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.