Vision Credit Education, Inc.

The Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 served to give consumers many protections from abuses of certain credit card issuers. Unfortunately, there are lots of changes that are taking place that are hurting those of higher risk while rewarding those with lower risk. Read the rest of this entry »

Chase has aggressively expanded and trained a new set of supervisors and in-house collectors in their Proactive Solutions Department. This is a targeted approach to dealing with the approximately 1.2 million cardholders that faced a 5% minimum payment hike. But to speak with them, you have to say the magic word. Read the rest of this entry »

Chase has sent me new account terms that were less than favorable, albeit they will not affect me since I don’t carry a balance and will have no balance transfers. However, the latest letter was to advise me they are changing my due date to give me 5 extra days to pay. Read the rest of this entry »

Chase has increased fees on balance transfers and cash advances to 5% of the amount, with a minimum fee of $10. This means a balance transfer of $5,000 would incur a $250 balance transfer fee. This substantial increase as well as the announced higher minimum payments on existing promotional balances may be a sign that Chase is discouraging such transactions for a while. Read the rest of this entry »

Chase has had many changes in 2009, some of which have angered certain cardholders that may have been carrying low interest balances for at least 2 years. One change that has been very good for consumers has been the improvement in benefits that Chase is providing through debt management programs. In fact, their benefits are now among some of the best available through credit counseling. Read the rest of this entry »