07-23-2009 05:12 PM
07-23-2009 05:18 PM
07-23-2009 06:00 PM
Chase closed my account when i got a 60 day late last year. I am current and still paying them off but i do not think i will ever re apply for a chase credit cards after reading all these negative posts. Both Chase and Amex are crazy for mistreating their customers. Their are too many other pime and subprime banks out there with decent programs to even worry about it. Be happy to have Chase out your life.
You mean a 60-day late with Chase and then Chase closed that account?
07-23-2009 06:21 PM - edited 07-23-2009 06:23 PM
I came here to post a question because the same thing just happened to me. I will piggy back your thread if you don't mind?
I admit I have a lot of credit card debt (around $35k) and I am running at around 90% max. I know this is bad and I have had many of these cards for years and I am NEVER late.
So I received the letter today from Chase that they are closing my card. I have a $9800 limit and owe around $9000. I was a Providian xfer and this account was almost 9 years old.
My real Fico's are 678. Not bad but not great. Once again never late on anything.
I have been raped at 31% on this card for a while and it was the same rate when it was Providian.
This has made it a little harder to pay down. My question is now that they have closed the account, can I negotiate this insane APR? Never late. Nine year Customer. Or do you think they are just going to say no? I cannot pay the account in full now and will continue to make on time payments. I know this sounds odd but I have been afraid for whatever reason to call any of my CC companies to discuss rate reductions because of the high balances.
Is this going to start a snowball effect with my other cards? AMX next? I will never be late and will get these cards paid down but now I am going to lose precious long-term history with no lates.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.