Chase Bank Expands into Extortion and Loansharking

[TOREN5611]

u dont need a bank, or loans. live within ur means.

[closerlook2]

I have an answer. Screw CHASE. How about just keeping your cash and NOT paying them at all!!!!

[gaae2000]

....wish people could walk on the streets and complaint in front of their offices...

[JewLoco]

Step 1. Incorporate Step 2. Sell your assets to the corp with legal documentation.

Step 3. "pay" the corp to rent the assets such as your house, car, etc. Step 4. Stop paying the banks ANYTHING.

[Howlinblind]

You sign a contract and you can not change the terms, the banks can change the terms and theres nothing you can do about it.

[ChasedbyChase]

Wow! from $500 to $1300, what are they thinking, I can't stand Chase, they even Chased me into another Bank and Yelled "Earl Robbed my Bank" man just a bunch of Crazieness

[advertisingexecutive]

Chas (bank one) said they did not get my check but through the ATM they printed a copy of my check deposite DO NOT DO BUSINESS WITH CHASE...They stole my money and the I closed the account with no balance and then they charged me with NSF fees...this bank is a thief...

[siddallas]

just wanna say your card has a tracking chip in it.if its a new card look on the back for 3 wavey lines and look close at the little square chip. you can destroy it with a screw driver and hammer and it wont mess up the card..but me i say fuck all credit cards no one needs them..them damn cards just make them richer and you poorer

[tweeetme]

soooo gay

[lagoveride]

YoU can Add Sheila bair and Paulson to that list. Stealing a 300+billion bank called WAMU whose tier 1 capital ration was higher than JPM's at the time in order to prop up JPM.

If the American public only knew what really happened.

[111WLee]

@lagoveride JAMIE DIMON AND CNBC TELEPROMPTER READERS WILL GET LOCKED UP FOR ILLEGALLY MONITORING MY EMAILS AND PRIVATE LIFE. THIS IS NOW MY LIFE MISSION IT MIGHT TAKE MONTHS IF NOT YEARS BEFORE THEY ARE EXPOSED AND SUBSEQUENTLY ARRESTED PUBLICLY TELL EVERYONE YOU KNOW ABOUT THIS.

I SENT FAXES TO JEFF ZUCKER (212-664-2830) INFORMING HIM OF THE PENDING CRIMINAL CHARGES AGAINST MELISSA FRANCIS AND CALLED FOR HER FIRING. HE IS AWARE THAT THIS IS HAPPENING.

READ MY PROFILE

[111WLee]

BREAKING NEWS: Jamie Dimon and CNBC anchors arrested for illegally monitoring private emails.

THIS IS GOING TO HAPPEN SOON. TELL EVERYONE YOU KNOW. THE FOLLOWING PEOPLE WILL GO TO JAIL:

- Jamie Baker

- Christopher Danel

- David Kelly

- Stuart Schweitzer

- Rebecca Patterson 

[shotokan1968]

they are also nailing disabled veterans,.. they opened an account without my permission or signature and stole 3k worth of VA benifit income,..

[paragshah2112]

every time i hear stories like yours i start to choke with rage. i have so much to say that my brain floods over and i cant articulate any of it. chase is nothing more than a criminal enterprise. all large private banks pretty much are. maybe ghandi had it right ... just abscond. if everyone and their dog just pulled ALL their money from that satanic cult of a bank, then i wonder how long it would last as a public entity.

[danielgouldman]

I had a problem with Chase Bank too - I recorded my complaint to to the CEO and posted it on Youtube.

youtube.com/watch?v=JZNs6oz5zP­Y

[55SKOOLSUCKS]

rally congress dot com forward slash chase home finance.

[YoTengoCorazon]

What kind of idiots run up $25,000 in credit card debt? These people were living way beyond theiir means and, thus constituted a high risk. As for their interest rate, two things: 1) Under the new credit card act, banks are mandated to raise their minimum payments from 2% of the balance to a minimum of 3% of balance. If you call the bank, they will put you on a program that will lower both the minimum payment and the interest rate, but of course, they will close the account.

[Antiks72]

Cut up your credit cards and use cash forever. Just the other day my wife got a credit card offer from Chase bank. We both laughed and put it through the shredder.

[DontMeanWell]

Who banks at Chase? come on, Chase is known for this kind of stuff.

[cm0220ster]

I have a challenge. FOr everyone who has gotten behind on their chase cards and is getting 20 phone calls a day (I'm not one) let's all put our heads together and call chase every half an hour. You don't need to identify yourself, just harass the hell out of them. We can all take shifts. If we time it right we can ensure they get a phone call every 60 seconds. Now who's in?

[Gulfporter]

bad sound

[YoTengoCorazon]

Why did they run up their cards to $25,000 at the onset? Don't buy things you can't afford.

[fortsmith1]

Chase bank needs their Charter pulled.

[crouchedge]

I felt sorry for a man who had no money until I met a man with his money in a chase bank

[pig5689]

I'll tell ya', whether it's Chase or BOA or Wells doesn't matter. Each of these slutwhore banks are so overrun with wretched greed they're unrecognizable. The people to blame are the greedy, pigging, slutting, money-grubbing, incompetent, lazy, golf-whoring executives of these banks. With their stupid-ass decisions & ignorance they've wrecked millions of families. I believe it's high time these rotten thieves gain some humility. Seize & liquidate all THEIR assets & toss them out in the weeds.

[tekkenomics123]

unfortunately it's all banks. They have all raised rates and fees because congress gave them a heads up on the new legislation. They do have a legal way to up your rates and the increase in minimum payment is a result of congress, not the bank. Any bank would love you to keep paying your minimum for the rest of your life. If you pay more, you will pay off the card faster which is exactly what they don't want.

[seka1986]

FUCK YOU CHASE BANK.

[CybershulDotCom]

$25k in credit card debt = what a moron.

[firewallx]

Just stop using credit cards. Use your own money as people did 50 years ago, when America prospered.

[firewallx]

Chase bank has received how many BILLIONS of dollars? And it was to help us, us people.

Billions in interest free loans from the US government, and Chase still wants more money from us, nickel and dime.

Chase rocks!

Cute.

[fubar2220]

@firewallx clearly not to bright, Chase took tarp money to buy the defunct wamu. Yes, they have been trying to buy wamu anyway, the tarp money gave chase the means......Chase was the only bank to remain stable thru the recession, post a profit every quarter and all this was acheived thru responsible banking practices.

[nugsalad]

Yup, fuck Chase!

They dropped the MPP fundraiser too!

Greedy, nasty bastards!

[jaysmic24]

F*ck credit cards!!! Ive had it with these loan shark banks! Pay them off and never use one again!!! open up an account with your local credit union

[158326]

b.o.a jacked my credit card up to 30%

[Jerryahrens]

Friends don't let Friends use Chase Bank.

[cm0220ster]

They jacked my credit card up to 28% after one missed payment, and refuse to lower it. THey are the only credit card I've ever used who have ever done this. I began a rapid repayment system and almost have that one paid off. I have one other they haven't done that to, and then I will never use them again. And if God forbid I miss a payment on the other and they do the same thing, they won't get another dime from me regardless of the consequences to my credit.

[madison717]

Chase is the Banco Nostra ..... evil, and as sneaky as the mafia...I HATE THEM AND PRAY FOR THE SAME FATE AS BEAR STEARNS AND JEFF SKILLING QUICKLY BESTOWED ON THEM.

[sabaticl]

Friends don't let Friends use Chase Bank.

[Gulfporter]

What will it take for Americans to rise up and stop paying these banks entirely? That, and only that, will get their attention and compliance.

Besides, there is no feeling quite like telling a large bank you aren't going to pay them. It's liberating.

[41elliott]

Chase Bank... the biggest predatroy, paracitic maggots in the history of banking. As far as I'm concerned, the terroists hit the wrong building on 9/11 .... and yeah Chase..... I SAID THAT.... FUCK YOU!!

It's no wonder Bonnie and Clyde were seen as heroes back in the '30's.

Banks are nothing but shysters who should be pushed off the planet... One step above televangelists and used car salesmen.

[closerlook2]

@41elliott I could not agree MORE!!!!!!

[Cinj216]

@41elliott A-fucking-men, brother.

[anirband]

why do ppl spend more than wat they can afford?????

[Gulfporter]

Oh, perhaps because the corporations conspire to tax the fuck out of people? Homeowners Insurance that goes from $400 to $2000. AUto insurance doubling. Health insurance quadrupling. And let's not forget the biggest tax on all of us: The EXXON tax. Heating oil costing 5x what it did ten years ago. Gasoline doubling, and doubling again. All these expenses driving up taxes.

I'm not buying a single thing I didn't buy ten years ago, but the price has tripled and the income hasn't.

[dsemasin]

CHASE and all big banks are scum. The middle class with good credit are being screwed.

[nswens1]

i fired chase cancelled my card told bank of america to stick it and opend account at my local community bank i am sick amd tired of big banks changing the game plan just when they want it.. they are currently borrowing this money at o-1/4od a % from the feds and then jacking your rates cause they failed to be financially responsible so pass it on to the middle class just my two cents..

[Anothercoilgun]

There are lucky only 5%. Most are in the 20's

[golfingjackal1]

My question is, why do these people have $25,000 in credit card debt in the first place? It's called personal responsibility and these people lived beyond their means. I don't feel sorry for them.

[blacknight595]

Well then you are an idiot. Those people are my parents. The $25,000 in debt was accrued over decades and was used to feed me, and provide me with housing, while I went to high school. Without that money there is no way I would have been able to get into college. Furthermore, I am now enrolled in medical school, if they didn't accrue the debt I would have never been able to fulfill my true potential. The irony is that their debt is at a lower rate than both my college and Medical school loans.

[blacknight595]

If anything they have more savvy than you could possibly understand. In any case, I am happy that you never had to live through any economic strife. You ARE lucky, trust me. One day when you are cut off from whatever wealth you have, I hope you have time to stop and reflect on your comments, and realize your ignorance. In addition, unlike you, I hope that you are able to find your way out whether that be through loans or credit card debt.

[JimmyKnoxville]

I have live throught bad times.. in a few decades,, I see people evey day who make the minimum monthy paymets..I tell my clients that if you cannot pay cash or have it payed in 4 -6 payments you cannot aford it and save then buy not buy and then try to pay.granted car and home loans are long term.. I reffer to stuff like new TV.video games vacations etc. why go into debt for toys. that is basic money managment

[JimmyKnoxville]

Well it the money was used to feed you and help you in school.. why are you not helping them pay it back

[blacknight595]

Do you not understand that medical school costs $200,000. All I have are loans that are at a worse rate, paying them would make no sense. The fact is it is illegal for for the banks to raise the rate so to get around that they are increasing minimums.

[JimmyKnoxville]

when ever you sign papers for a bank loan there is usually language that mentions a increased payback... that is standard

[blacknight595]

Yes, that's why they can't increase the APY. They never said whether they could increase the minimums or not. The law is very unclear as to whether or not minimum payments can be changed...

[JimmyKnoxville]

"The $25,000 in debt was accrued over decades and was used to feed me, and provide me with housing, while I went to high school. Without that money there is no way I would have been able to get into college. " that does sound like living beyond their means.. I bet you have new clothes, new car, laptop, all the new toys.. it you cannot pay cash for toy.. that is living beyond you means

[blacknight595]

You think so? Well how's this. I don't have a car, I never have. They don't have a car and never have. We nave one computer that is 6+ years old. As for toys, I can't think of a single one. Whereas I'm sure you have a car, I don't, Furthermore, both of them are working 2 full time jobs. What do you do again....?

[JimmyKnoxville]

I work as a credit counselor..

[blacknight595]

O so you work for the credit card companies, makes sense.

[JimmyKnoxville]

No I own my own firm..I actualy help people with debt.. The people who work for the CC companys are not credit counselors.. they lookout for the companys bottom line. I tell people to get their money away from them and get a structured secure loan so they know how long it take to pay off and payments that do not change and with the secuity on the loan the APR does not get jacked when a payment is missed..

[blacknight595]

That's good i guess. That was the alluring part of this credit card, it was essentially a loan, they guaranteed no rate increase. They stated the minimum payments. They never missed a payment, so what they are doing is pretty crazy.

[JimmyKnoxville]

" we reserve the right to change this contact for any reason" that is the clause CC user to change rates and payments... I would suggest for your parents to try to move the debit or split their payments into weekly or bi weekly payments... it can lower the ammount of intrest when paying a loan and it helps credit scoreing. it they have a debit card with rewards that give cash back us thoes rewards to pay extra the other loan.. that can help.

[blacknight595]

They actually settled it all within a few weeks. They called the credit card companies and came up with a payment schedule themselves. They were able to keep both the rate and minimum by contacting their economic hardship department. So, it did all work out. However, I think that the information should be out there to see.

[insightllc]

@JimmyKnoxville Thomas G. Labrecque, Chairman & CEO CHASE MANHATTAN is a member of the Council on Foreign Relations , is a member of the Trilateral Commission and knows 33rd degree secret is the 1899 Alaska Earthquake - British Association record No. 333, at Shide. Isle of Wight on September 3 at three o’ three a.m.

[blacknight595]

O and as for clothes...I never buy them. Hell I've had to cut back on hair cuts. Furthermore, I don't own a single suit because I can't afford one. Suits are the required attire for medical school interviews. I was the only one who didn't have one.

[blacknight595]

That said I agree with you. That is all basic money management. You go into debt for necessary items like cars, homes, and education, and that is exactly what we did. Unfortunately, we rent, so there is no equity in a house that we can use.

[JimmyKnoxville]

No shit... $25k of unsecured debit.. I would ask for 10% min payments

[Ms87GN]

robot, i will check out the blog. i bet it is good. bye now.

[Ms87GN]

hi, robot. chase is so big that they can afford to screw a million customers at a time. they couldn't stand the fact they weren't making any money off of us after offering 2.9% til paid offers. but, i know it is almost a blessing in disguise for the smart people who have access to a credit union. that is the only one i will deal with now. they are owned by the customers. i believe chase will be doing a lot of writeoffs. it will help their taxes. they employ the smartest loan sharks on earth.

[ROBOTSagainstCHASE]

This video added on robotagainstchasebank blog.

[Ms87GN]

Too many people got credit cards that should not have been approved for credit cards, Hardekopf said today in an interview. Chase is deeming those customers as high risk.

.. HOW DO YOU ALL LIKE THEM APPLES? .. MAKES ME WANT TO PUKE! .. they are targeting a million of their BEST customers. they know it will not effect them too much considering they have millions of customers. TOO BAD THE CUSTOMERS LEFT ARE THE WORST ONES!

[ROBOTSagainstCHASE]

It seems to me that Chase Bank prefers the high risk customers because they either end up paying 29% interest rates, or they default and somehow Chase makes money by writing off the debt, plus the debt might get doubled from fees, penalties and huge interest rate charges before the debt is sold off.

In the meantime, Chase seems like they really want to go after their most honest, never late paying customers. Kind of weird actually.

[Ms87GN]

.. remember, they are out to screw THEIR BEST CUSTOMERS! .. how to do you all like that? i thinks it sucks! but, i gave them exactly what they wanted and then i FIRED THEIR SORRY ASSES!

[Ms87GN]

the truth of the matter is this: that is exactly what Chase hopes a whole lot of people will find a way to do. reason: THEY NEED CASH! that is the truth. do whatever you can to rid this sorry ass credit card out of your life! CHASE SUCKS! i think millions of us know that now. i suggest if you have a credit union you can join to do that instead. YOU WILL THANK YOURSELF. that is what i am doing. they don't try to rip you off. they have no reason to. they are OWNED by the members.

[Ms87GN]

hi. i just paid off both of my chase credit cards and FIRED THE BASTARDS!!! .. hope everyone else that can does the same!