Comments on: More Bad Balance Transfer News http://www.smartbalancetransfers.com/blog/2009/07/more-bad-balance-transfer-news/ The Balance Transfer Credit Card Resource Mon, 06 Feb 2012 15:29:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: FIGHT THIS http://www.smartbalancetransfers.com/blog/2009/07/more-bad-balance-transfer-news/comment-page-1/#comment-1021 FIGHT THIS Mon, 24 Aug 2009 03:49:59 +0000 http://www.smartbalancetransfers.com/blog/?p=476#comment-1021 I have superior credit and was lured in by Chase's offer of the "until balance is paid off" 4.99% rate. Request a copy of your ORIGINAL agreement and the most recent new card - they are doing this to people that have low fixed rates and aren't making any money on them so they figure we will default on the card and then they can get us at 24 or 33% I suggest everyone file a complaint with their attorney general. This is deceptive business practices I have superior credit and was lured in by Chase’s offer of the “until balance is paid off” 4.99% rate. Request a copy of your ORIGINAL agreement and the most recent new card – they are doing this to people that have low fixed rates and aren’t making any money on them so they figure we will default on the card and then they can get us at 24 or 33% I suggest everyone file a complaint with their attorney general. This is deceptive business practices

]]> By: Balance Transfers Helper http://www.smartbalancetransfers.com/blog/2009/07/more-bad-balance-transfer-news/comment-page-1/#comment-1020 Balance Transfers Helper Wed, 19 Aug 2009 15:52:40 +0000 http://www.smartbalancetransfers.com/blog/?p=476#comment-1020 Barb, You touch on an issue the new credit card laws don't that has been devastating to many people this year. While the credit card companies won't be able to lift rates at leisure, they can still increase monthly payment percentages at will. The combination of rate and minimum payment increases hurt many people over the past few months, and for many, the payment percentage was the biggest problem, as 200-300% monthly payment increases really pushed good, honest customers over the edge. Barb,

You touch on an issue the new credit card laws don’t that has been devastating to many people this year. While the credit card companies won’t be able to lift rates at leisure, they can still increase monthly payment percentages at will. The combination of rate and minimum payment increases hurt many people over the past few months, and for many, the payment percentage was the biggest problem, as 200-300% monthly payment increases really pushed good, honest customers over the edge.

]]> By: barb http://www.smartbalancetransfers.com/blog/2009/07/more-bad-balance-transfer-news/comment-page-1/#comment-1019 barb Wed, 19 Aug 2009 13:50:31 +0000 http://www.smartbalancetransfers.com/blog/?p=476#comment-1019 Beware of Chase when it comes to balance transfers. They use a "bait and switch" tactic in that they lure you with the offers. Once you transfer your high interest balances they will increase your minimum monthly payment to an unreasonable amount. Mine went from $262 to over $700 per month. I have repeatedly called customer service and spoke to supervisors who just state "you have no options". Apparently they want customers to default rather than work with people to come to agreeable payment terms. Chase is causing catastrophic devastation to many many once stable consumers. The saddest part is that I have written to my congressmen, senators, FTC, and so on and NO ONE CARES! Beware of Chase when it comes to balance transfers. They use a “bait and switch” tactic in that they lure you with the offers. Once you transfer your high interest balances they will increase your minimum monthly payment to an unreasonable amount. Mine went from $262 to over $700 per month. I have repeatedly called customer service and spoke to supervisors who just state “you have no options”. Apparently they want customers to default rather than work with people to come to agreeable payment terms. Chase is causing catastrophic devastation to many many once stable consumers. The saddest part is that I have written to my congressmen, senators, FTC, and so on and NO ONE CARES!

]]>