CHASE does have a soft side!

[CreditDrama85]

i complained a few weeks ago on this forum that Chase was the only one of my creditors not willing to work with me to resolve my closed account. i even has people on the forum reply and say they had the same experience and that there was no way Chase was going to lower my APR or help me out on a closed account. WELL, we were all wrong!

i wrote Chase a letter complaining about this and in response i got a mail offer and a different number to call.

when i called,

-my APR was lowered from 28% to 8%

-my monthly payment was cut in half

-my account is now reporting current with the credit bureaus.

i have a $5,000 balance and this particular account was doing major damage to my scores so YAY. once i get my credit score back up, i might apply for another Chase card after all!

[Scamp]

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CreditDrama85 wrote:

i complained a few weeks ago on this forum that Chase was the only one of my creditors not willing to work with me to resolve my closed account. i even has people on the forum reply and say they had the same experience and that there was no way Chase was going to lower my APR or help me out on a closed account. WELL, we were all wrong!

i wrote Chase a letter complaining about this and in response i got a mail offer and a different number to call.

when i called,

-my APR was lowered from 28% to 8%

-my monthly payment was cut in half

-my account is now reporting current with the credit bureaus.

i have a $5,000 balance and this particular account was doing major damage to my scores so YAY. once i get my credit score back up, i might apply for another Chase card after all!

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That's GREAT, CD85!!  Good for you and yay for persistence paying off! 

[Anonymous]

That is great. Congrats!! You must feel victorious and relieved!

[islandchild82]

Wow, good for you! That's great!

And it's just another example of persistence paying off and also shows that things really do depend on whom you speak to.

Message Edited by islandchild82 on 06-16-2008 09:10 PM

[Anonymous]

Unless you aren't getting the rewards program you feel you deserve there is no need to apply for a new card. Milk the tradeline you have and keep getting steady increases once you are fully back in good standing. You will keep your average age high and your score will thank you for it.

[Anonymous]

Nice work !!!!!!!!!!!!!!!!

[islandchild82]

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debtisgood wrote:

Unless you aren't getting the rewards program you feel you deserve there is no need to apply for a new card. Milk the tradeline you have and keep getting steady increases once you are fully back in good standing. You will keep your average age high and your score will thank you for it.

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The account is closed, so he will have to reapply.