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.

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.

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-27, CHASE BANK PROTEST - name one CELEBRITY that has publicly chastized Chase Bank or the Credit Card Industry.

Have you heard or seen any celebrity, any famous person, anybody person of note, say anything about what the credit card companies are currently doing to the american people? Has anybody of prominence questioned the logic of reducing the spending capacity of millions of americans while also raising interest rates on their credit cards, when they should at the very least be lowering the interest rate?

It's so simple. Cut people's credit lines if you must, but accompany that cut with LOWER INTEREST RATES, NOT HIGHER.

If you have heard of any famous person railing against the credit card industry, PLEASE respond to this topic and provide a link. If you have not heard a celebrity railing against the credit card industry, then maybe any "change" that is going to happen, is going to have start with people like you and me.

I know congress is making "changes" and passing legislation, but they have given the credit card companies a YEAR to wreak havoc on middle america, and the credit card companies have already done their damage.

-------------------------

Today my mother made an interesting comment. "I didn't realize how much your father did in the yard outside".  Indeed.  

I am working on the other side of my supersized protest sign, adding in "Daily-Protest.com". I am planning a protest for tomorrow (Sunday, May 03, 2009). I don't know which Chase Bank I will show up at, I'll probably decide at the last minute.

Corporate sponsored credit card abuse against the american people is a bigger issue than whether you are a democrat or republican.

Take Care.

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-15 CHASE BANK PROTEST, analyzing my Chase Credit Card Bill.

My Chase bank credit card bill still has my old terms on it. Sure I'm glad. But can I really rest knowing that I don't even have opt out rights for when Chase does change terms. My other Chase bills did have changes. Fortunately those are for far less amounts, but they still misrepresented what the new terms would be and they had to send out a letter restating what the terms now are.

All I know is that I still have two Chase credit card bills that used to have a 5.99% interest rate for the life of the loan, and now they are 7.99% even though I was never late with a payment. Please read the mission statement of this blog to see that I cannot stop protesting until Credit card companies are fair and intelligent in the products they offer their customers.

Consumers MUST have the right to "OPT OUT' when terms are changed.

Chase Bank Protest - Day 12, Taking it to the Streets and Freeways of Los Angeles.

CLICK ON IMAGE TO ENLARGE.
Today was spent making funeral arrangements for my father.

I put the DAILY-PROTEST.com sign in the rear window of the car and we drove 80 miles in Los Angeles traffic going to our appointments for the day, most of the driveway was freeway driving. A bunch of it in stop and go freeway traffic. (for safety reasons I am not advocating anyone else do this).

It appears DAILY-PROTEST.com picked up a few Southern California hits as a result! I drive extra carefully because the Daily-Protest sign does take up space in the back window so I am not advocating anyone else do this. I take many more quick glances out of both side view mirrors to make up for having less viewing area in the back and this safety technique is not something I can easily teach to others.

If you want to help reverse Draconian Credit Card decisions made by Chase Bank boardroom numbskulls who have no faith in the american people and are instead trying to capture as much of our wealth as soon as possible, rather than free it up, then join my protest, it's easy.

Just make signs with the words DAILY-PROTEST.com and put them somewhere where others will see them. Just make sure your signs won't fall on somebody or into traffic. Your signs should not have sharp edges nor should they distract people who are driving or otherwise moving, or obsruct other people's view. Make the letters nice and thick so they are more visible. Hand made or designed on a computer, either is fine. Perhaps you can leave them on a bulletin board where you work, or on a counter-top. If you own your own business, it would be amazing if you could put a Daily-Protest.com sign in your store window.

If dozens of people put these signs up, this site would probably gain 50 hits a day, or more, and that's 50 more people a day we can educate about Chase Bank and their racketeering ways. I did not come up with the phrase racketeering. I told a doctor what I was doing and why, and they used the term "racketeering" to describe Chase's tactics, and I agree. Changing terms on an existing account and not allowing the customer the opportunity to say "I opt out" is racketeering in my opinion.

Chase Bank, soon to be known as Change Bank (as in the bank that changes terms, leaving their customers with only the change in their pocket) if they don't reverse what they have already started.

Chase Bank Protest-Day 10, My Dad Passes and it was painful for me.

CLICK ON DAD TO ENLARGE.
My Father passed away yesterday. Even though I was with him most of the time over the past 2 months, I made a huge mistake and I will never forget it, and it hurts. I wanted to give him a ton of kisses to make up for the unnecessary guilt that others in our family had chosen to heap on him. However, I was afraid that by doing that, I would be telling him to die, that this was it. So I waited so as not to hasten his death.

He had to be changed that last night and he was so weak that he just sank into the air mattress. It took me half an hour to change him and I was so exhausted by then that I fell asleep sometime around 3 in the morning? When I woke up he was gone. I wanted him to know one final time how grateful I was for him and for being his son and to counter the stress, anxiety and guilt that he felt based on the narcissistic judgement by others of his life, and I failed.

My father thanked me several times over the past couple of months and said he wouldn't still be alive if not for my efforts. For me it was not an effort,I was grateful to be there when he needed a sip of water or had a special food craving, but I just wanted to him know one last time in no uncertain terms how much he meant to me.

A big part of my grief involved trying to file my nightly story for this blog even as he lay just three feet from me and was only hours away from dying. Filing my nightly stories is important to me because we have to fight back against paper violence. Paper violence is when some schmuck in a corporate board room makes a callous, uncalled for numerical decision that instantly causes grief and hardship to thousands of people, such as what Chase is doing with their Change in Terms on already existing agreements. These Change in terms involve raising monthly minimum fees 250%. Yet there was my father, and I blew it his final night and I am sitting here in tears as I write this.

As at peace that I am that I did everything for my father that I could, I feel I blew it the final night of his life, big time, and I blame Chase bank for that. I would protest 8 hours a day against Chase, every day, if I could earn a wage doing it. In the meantime, I will probably post less often over the next week as I prepare for my fathers funeral. Thanks Dad, thanks for my life and for you being in it.

DAY FOUR OF PROTEST AGAINST JP MORGAN CHASE BANK - SOUNDS OF HORNS HONKING TO MY PROTEST SIGNS !

CLICK ON IMAGE TO ENLARGE.


Yesterday Early Evening Protest from 6:10 to 7:40 generated the most response from cars passing by. The Chase Bank located at 6400 Platt Ave. in West Hills, California appears to be a solid location for getting the community to look and learn. It is inevitable with each passing day that more of Chase's unethical and perhaps illegal 250% increase in the monthly minimum loan repayment bills are reaching their customers.

The shock of seeing a monthly minimum payment rise from two hundred dollars to five hundred dollars in these stifling economic times should be more than enough to get people involved by going to this website. If you can't protest, please, send a link to this website to your own personal email list.

The more people this website can make aware of Chase's unethical ways, the quicker Chase can be "changed" to a more civil and ethical policy.

If Chase wants to hire me as a consultant, I would gladly give a solution to the mess they have created that should make most people happier than what Chase has already implemented. I am a complete outsider, and that is what is needed to prevent the type of billing maliciousness and malfeasance that Chase is attempting to implement by lowering the standard of Credit Card to that of racketeering.

If Chase is not stopped, all the other major credit cards will follow! Citibank is now doing virtually the same thing as Chase!

CHASE BANK PROTEST, DAY THREE.

CLICK ON IMAGE TO ENLARGE.


Today I was out on Sherman Way by Topanga Canyon from 6:00 to 7:45 PM. It is kind of tricky finding the best spot. I have to be careful not distract cars from their driving so I primarily concentrate on them when they are stopped.

If one protests by an intersection, red lights enable drivers to take a moment and look. Once the light turns green for those drivers and they proceed through an intersection I move the signs to other cars that are not moving so as not to be a distraction to them as they go through the intersection.

If I only had one sign with me, I could just sort of walk the intersection via the crosswalks. However, the big sign "Chase, Keep Your Word", is so big that I cannot carry the "Daily-Protest.com" sign as well. In actuality, I think the Daily-Protest.com sign is probably more effective as it allows me a chance to educate people who may remember the link and check it later on.

After I was done protesting for the day, I walked into a nearby mall with my Daily-Protest.com sign. I was intrigued to see a couple of store owners unhappy to see me walk by their store with my Daily-Protest sign. I understand why they are upset, they pay for their spot, and I walk by trying to promote something else, for free. However, the irony is they are losing business as customers who can barely afford the 250% increase in monthly payments do it by cutting back on other types of purchases.

Oh yeah, I saw a rainbow! CLICK ON IMAGE TO ENLARGE.

DAY TWO OF PROTEST AGAINST JP MORGAN CHASE BANK, 6633 TOPANGA CANYON, WOODLAND HILLS, CA.

CLICK ON IMAGE TO ENLARGE.

TODAY'S PROTEST WAS FROM 7PM TO 8:30PM. I PLAN ON GOING A DIFFERENT TIME EACH DAY. THANKS TO Jim Cunningham of EXAMINER.com for the write up they did about the Chase Bank Protest. Lone Protestor takes on corporate giant.

CHASE BANK, WOODLAND HILLS PROTEST, DAY ONE REPORT.

CLICK ON IMAGE TO ENLARGE.

Today marked day one in the daily-protest quest to get Chase to do the right and civilized thing and reverse their ridiculous two percent to five percent monthly minimum repayment hike. I picketed Chase from around 12:40 PM to 2:10 PM.

I'll be back tomorrow. Not necessarily at the same time. Day one is always a learning day and I definitely learned what I will do more of tomorrow. Come join me at 6633 Topanga Canyon Blvd in Woodland Hills, California. Of course, since you don't know when I will be there, I guess if you show up it is because you care about what Chase has done, and how this atrocity will cascade to other credit card companies. CitiBank is apparently ready to follow suit and screw over their most loyal and on time paying customers as well.

DAILY-PROTEST is now online.

CLICK ON IMAGE TO ENLARGE. Do you have a credit card company location that you plan on peacefully protesting? Start a blog about it and you will be listed on this page.