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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Showing posts with label 2% to 5%. Show all posts
Showing posts with label 2% to 5%. Show all posts
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!
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 24, 2009
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.)
Wednesday, July 22, 2009
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.
Monday, July 13, 2009
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.
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.
Sunday, June 28, 2009
More Anger Against Chase Bank and their Credit Card Division as they Raise monthly minimum payments on a million customers from 2% to 5%.
It will probably take demanding that at least one person from Chase Bank's executive board be FIRED over this controversy. Anything short of one of these executives losing their job may mean nothing changes.
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