Sneaky on my part, but it worked w/Chase

[fishbjc]

DH was ratejacked last year to 28%...Account listed as CLOSED due to Inactivity.  Not a huge balance.

I emailed them citing 12 ontime's...could they decrease interest?  They declined because the account is listed as CLOSED.

I emailed again.....Gee Good to Know.  Since you won't help, we'll just include you in our bk7.

I just received a message.....They're lowering the percentage to 17.  Every little bit helps. 

[Creditaddict]

lol, congrats. they are impossible to deal with if you have been ratejacked.

[fishbjc]

LOl, I know but I've got the *power* in my pocket.  I'm probably going to pay them off within a few months, but a few bucks in my pocket now helps out. 

[Changingmantra]

Oooooooooooo good one!

[BBYGRL]

---

@fishbjc wrote:

DH was ratejacked last year to 28%...Account listed as CLOSED due to Inactivity.  Not a huge balance.

I emailed them citing 12 ontime's...could they decrease interest?  They declined because the account is listed as CLOSED.

I emailed again.....Gee Good to Know.  Since you won't help, we'll just include you in our bk7.

I just received a message.....They're lowering the percentage to 17.  Every little bit helps. 

---

Good for you! 17% is better than 28%!

[score_building]

LOL, SWEEEEEET!  better your pocket than a cfo bonus-

[Cleanmachine]

May be a sneaky way to get your APR lowered, not to sure if it was a smart moved to place in writing (e-mail) that you will just include Chase in your Bankruptcy filling.

 

Although the account is closed, your e-mail may have been inserted in your account file.

 

You may have caused more harm to yourself than your realize, “unintended consequences”.

 

That strategy could come back to haunt you.

[wmarat]

Yep, law of unintended consequences is solid.

[fishbjc]

I have no intention of filing bk.  I'm almost out of debt.

[score_building]

sure, better to avoid a paper trail that could possibly cast you in a negative light but what consequences- as you noted it's a closed account:  boo hoo! i'll never have another chase cc (which i doubt they blacklist people for seeking only to get their bills paid in a reasonable pricing, rather than via bk) even one of the biggest usuries in the world is probably quite happy to have a customer willing to pay 17% on a closed acct post haste.  once it's paid off, he may get swamped with preapprovals from the new Chase/Wamu, now that's an unintended consquence perhaps unworthy of OP's attention.

Message Edited by score_building on 10-23-2008 07:23 AM