Comments on: Chase Hit with Class Action Lawsuit Over Monthly Service Fee

By: Jaylou

Jaylou — Wed, 16 Mar 2011 09:12:16 +0000

CHASE IS THE WORST BANK EVER!!

By: Cindi Goreham

Cindi Goreham — Tue, 28 Jul 2009 07:00:59 +0000

We have a new problem with Chase can we file a class action lawsuit? Seems as though they have cancelled alot of our cards without notice and we dont find out until we try to use them…how humiliated I was… then when you try to call and find out why youre told it was because of your credit report which was not true..what can be done……?

Thank you!

By: Credit Cards Raising Interest Rates, Payments-The Freedom From Debt Blog

Credit Cards Raising Interest Rates, Payments-The Freedom From Debt Blog — Fri, 17 Jul 2009 16:47:36 +0000

[...] consumers have also seen their credit limits cut, which in turn hurts their credit scores. Many Chase credit card customers even saw their minimum payments more than double, causing some to become delinquent on their [...]

By: Mark

Mark — Thu, 25 Jun 2009 09:03:09 +0000

Why is it that banks and credit cards can change the terms of an agreement whenever they feel like it, but consumers have no recourse?
I just now was notified that my monthly minimum was going to 5%. I’ve had my cards for 25 years, never missed a payment and only in the last couple of years was put in a situation where we had to carry a balance…but at the 2.99 and 3.99 APR offers. We are paying down other bills that had higher interest rates and when they were done we would divert more money to the Chase cards and finish off the balances. Now, with a 5% minimum, we have seen our monthly payment go from 700 to 1700. I don’t know about you but that is staggering for us. Personally, I think they are trying to force us to miss our minimum payments so they can use that as a pretext for cancelling the promotional APRs. I am in disbelief. How can they change the rules to what has already been agreed? A consumer can’t just mail out a notice to their bank announcing that they will change the amount that they are willing to pay each month. That would be seen as absurd, but the institutions are allowed to do that to the consumer. Ridiculous. We didn’t author the deals, they did. They should eb made to live with them as we have. We have paid in good faith and now are being royaly screwed!

By: Chase Raises Minimum Payments, Adds Service Fee | Vision Credit Education, Inc.

Tue, 23 Jun 2009 16:57:37 +0000

[...] Chase Hit With Class Action Lawsuit Over Monthly Service Fee [February 9, 2009] [...]

By: Dan

Dan — Sat, 18 Apr 2009 14:25:12 +0000

I got hit with these increases as well. First they upped minimum payments on TWO accounts I had from 2% to 5%. And added the $10 monthly service fee as well. Then I was told I could avoid those terms by allowing them to increase the interest rate from 2.99 or 3.99 to 7.99%
I told them where to stick it. Luckily I have an excellent credit score, I transferred both the Chase account balances to Bank of America. Granted it cost me 3% of each to make the transfer but I refused to give one more dime to Chase, for any reason whatsoever.
Like Connie I’m a long term customer with a spotless credit record. My only fault was that I borrowed money as a balance transfer when Chase offered it to me. I would also note that I always made MORE than the minimum payment every month.

By: Connie

Connie — Mon, 30 Mar 2009 18:52:27 +0000

I got an unannounced $20 credit on my closed account. Like Lori above, I was mad enough to take money out of savings to pay off the balance of my card and close it because they told me I’d have to pay the $10 a month even with a zero balance. I wrote them several times and told them that the $20 was nothing compared to what they’ve already stolen from the American public with the bailout money and I hoped they’d go down in flames. I was a 15 year customer with a perfect payment record and have a credit score of way over 800. But, will I come back after this fiasco? Never. They notified people just before Thanksgiving and literally stole a lot of people’s Christmas with the increased demand of 5% minimum payment. I’m lucky I had the money, but so many people didn’t. They are evil and classic examples of why we should let some banks just fail.

By: Lori

Lori — Tue, 17 Mar 2009 03:01:25 +0000

I never looked at my bill…I just paid a certain amount, month after month. One day, I saw that they had added a little over $10 over and above my monthly payment. I called, they said it was a service fee. I told him I will just pay it off. The rep told me that even if I do pay it off, I will still have to pay the monthly fee. I was so mad, that I closed the account. I am sure my credit score will go down. Why should I pay $120/year for a service fee if I won’t be using the card?

By: Peter

Peter — Sat, 21 Feb 2009 17:21:57 +0000

Hi,

There are at least 5 class action suits filed now. For links, see http://www.changeinterms.com (not my site). The site (a protest site designated to create a grass roots movement against Chase) also contains many suggestions on where to file complaints, fow to contact your representatives in congress etc.

By: Bob H.

Bob H. — Tue, 17 Feb 2009 17:47:11 +0000

Class action lawsuit agains Chase through the following URL: http://www.gslawny.com/lawyer-attorney-1383679.html