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.

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.

Help Daily-Protest.com grow.

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.

And ANOTHER Mothers Day Credit Card Story that tries to paint the banks in a sympathetic light over their credit card policies.

Wow, mothers day really did turn out to be bloody Sunday for the american citizen as the media continues to pile on stories about how the poor poor banks, after clubbing their customers to death with 30% interest rates on credit card debt. 

People can no longer afford to tread water nor go even more debt because of these usurious rates, yet the credit card companies now can't make enough money because these afflicted debtors, who could afford to pay down reasonable interest rates, have given up trying to pay down rates that would do any mafia gangster proud.

Did you hear the one about being one day late on a payment that then results in a 150 dollar late fee penalty on a 5,000 dollar debt?   

Gangstas the world wide are crying tears of joy as they see that they were just ahead of their time.  Meanwhile Barack Obama plans on a town hall meeting.  Did you hear the one about how the titantic crew called a town hall meeting while the titantic was sinking.  Neither did I.

Help Daily-Protest.com grow.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.

DAY-19 CHASE BANK PROTEST, PEGGY from Pennsylvania lets Chase Bank have it on CNBC's "On The Money." Transcript below, Just how low can Chase Bank Go?

CLICK ON IMAGE TO ENLARGE
MEET PEGGY. READ HER CHASE BANK NIGHTMARE STORY BELOW

Peggy from Pennsylvania was on CNBC's "On the Money" earlier today talking about how Chase Bank has reneged on a promise of a 3.99 percent loan for the life of the loan agreement. Chase Bank continues to lie to congress and television by saying they did offer opt out options to their customers, when they deprived 400,000 of their most trustworthy customers the opt out option! 

Peggy's family has so far survived a bout of cancer to one family member and a tumor scare to another member, but can they survive the Chase Bank "Change in Terms" policy that wreaks havoc on families that have never been late on their credit card payments?

Below is a Daily-Protest.com transcript exclusive of what Peggy had to say on CNBC's On the Money television show.

Peggy in Pennsylvania, you're up and you've got some credit card rage, talk to us.

Well, my husband and I have three businesses, he's an attorney, we own a bed and breakfast and we have more than 30 rental units, and for decades we have always paid every, every payment on time, never missed a payment.  

In 2003 my husband got cancer, my son had a tumor, we we had huge medical bills and we still kept up with everything but in 2005 Chase Bank offered us a 38,000 dollar loan at 3.99% for the life of the loan, and we took it to consolidate some of the expenses we'd had in keeping our businesses afloat while he was sick.
CHASE BANK SHOWS HOW EAGER THEY ARE TO TURN MORE PROFIT BY BEATING UP ON THE ELDERLY, THE CANCER STRICKEN, AND THOSE WHO ARE NEVER LATE ON THEIR PAYMENTS.

Then after paying half of it off, um, in December (of 2008) we got a notice that there was a change in terms, and instead of paying 2% per month which was around 400 dollars in December.

Our January payment was a 1,025 dollars, because they were requiring 5% payment. And I called to opt out because every change in terms I'd ever seen on any credit card allows the customer to opt out, only to find out that Chase Bank is not allowing an opt out on this.  

The only thing they offered me was if I wanted to more than double the interest rate they would take me back to the 2% interest per month which I was not willing to do. CHASE BANK CHANGES TERMS ON SIXTY YEAR OLD WOMAN AND HER CANCER STRICKEN FAMILY WITHOUT OFFERING AN OPT OUT OPTION.

Is there anything I can do after Chase testifies in front of congress that they offer an opt out, when they have a change in terms with no opt out for over 400,000 customers ???

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Mary, I so want to see the credit card industry actually pay outsiders to keep them in line.

Special Thanks to Change in Terms for finding the CNBC ON the MONEY story. Click here to see the actual video.

DAY-18 CHASE BANK PROTEST - balancing everyday life with the protest is difficult.

The recent passing of my father has taken precedence over my "on the street protesting". I have been able to keep blogging, but it is hard having to miss protesting in front of Chase Bank so I can take care of family emergencies that are coming up on a daily basis. My mother lost her sister and her husband within a month of each other, and I am not trying to save our cute little shitszu that has horrible skin itchiness, she is literally scratching herself to death.

Instead of protesting yesterday, I spent that time immersing our dog in slightly warm water for 30 minutes, then did the SebaLyt shampoo treatment for several more minutes, then rinsed, and dried. Her fur never looked better, but the skin underneath was still red.

I took the dog with me to mail a bill and then on the way back, a family friend would look at her to give me some advice. By the way, it's a bill that had the payment date moved up 10 days, and I've asked three months in a row to have the date moved back to where it was for the past 6 years. It's not a Chase Bill, it's a non credit card company fuel bill adopting "sinister old school" tactics that many credit card companies dropped several years ago.

These evil billing tactics include giving something like 10-14 days time to pay the bill from the date they actually mail the bill to me. This company has also changed the payment address to across the country, before it used to be in my state. This is really evil stuff, especially when they keep telling me that they will change due date back to the old date, and never do.

So I took the dog with me to the Post Office (Daily-Protest sign in the back window) and then to show to a family friend who has dealt with similar skin problems with her dog. I also bought some vegetarian dog food. The dog won't eat it. I heard the dog start to scratch in the middle of the night and I put her on my lap. She slept fine for several hours that way. When I woke up and left the room, she managed to scratch herself so much, it was as if to make up for the time she lost while sleeping on my lap.

The dreaded prednisone treatment seems to be the only recommendation to reduce skin itchiness that actually works, but over the long haul will shorten a dog's life. So will all the scratching.

You can help promote the protest against Chase Bank by making a daily-protest.com sign and posting it where people will see it. Just be careful that the sign won't blow into traffic, doesn't have sharp edges, or doesn't distract people or obstruct their view. The back window of a PARKED CAR in a busy supermarket market can prove very effective, but please DO NOT DRIVE OR BACK UP with the sign in the back window, not even for one second. But if you work in a store, just leaving a Daily-Protest sign in your backwindow for that time period will help this site get hits.

There is no advertising on this site so the hits are not a ploy to make money.

Places to put such a sign include bulletin boards, store front windows, or a bumper sticker. Even a workplace countertop can work, just get permission if it isn't your space. lol, you can also try protesting in front of a Chase Bank near you, but the other ways may prove just as effective.