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Seeing some crazy account closings from the big banks today. Nuts.
If if they were having a concern of income, why not simply hit him with POI or we are going to close your accounts message. To just close the accounts over something like this seems asinine.
@rmm140 wrote:Seeing some crazy account closings from the big banks today. Nuts.
If if they were having a concern of income, why not simply hit him with POI or we are going to close your accounts message. To just close the accounts over something like this seems asinine.
What's interesting is a common thread I see in this thread as well as the BoA thread, as well as other reports of wholesale account closures from Synchrony, Comenity, etc.; that, in many though not all cases, the CL's involved are often quite big, eye-poppingly so sometimes. It really makes me start to wonder if there's such a thing as a credit line that is too big, and if maybe some people aren't courting trouble by pushing too hard and fast for CLI's and what not.
@Anonymous wrote:
@rmm140 wrote:Seeing some crazy account closings from the big banks today. Nuts.
If if they were having a concern of income, why not simply hit him with POI or we are going to close your accounts message. To just close the accounts over something like this seems asinine.
What's interesting is a common thread I see in this thread as well as the BoA thread, as well as other reports of wholesale account closures from Synchrony, Comenity, etc.; that, in many though not all cases, the CL's involved are often quite big, eye-poppingly so sometimes. It really makes me start to wonder if there's such a thing as a credit line that is too big, and if maybe some people aren't courting trouble by pushing too hard and fast for CLI's and what not.
I agree with that. I don't really pay attention to the Synchrony and Comenity closures though as they've done that for quite some time which is why I'll never give those two my business. I expect more customer service and common sense out of banks like Chase and BOA though. The gentleman in the BOA thread has had a decade plus relationship with BOA so that one really baffles me.
@Anonymous wrote:
On a positive note, I received a call from someone reviewing my account and said a decision will be made within two days if it's able to be reinstated. So, maybe the branch manager called after I left or something occurred. I'd be surprised if they change their minds but at least there's a little hope. Felt good to have that Ritz Carlton in my pocket
Did you offer that person your proof of income? Did the person offer up any useful information?
Did they ask for proof of income? That would be the most common sense thing for them to do and would resolve the issue.
Good, so you're making progress. Personally, I'd have repeated my offer to send in documentary proof of income, but at least you got someone to listen to you and agree that Chase made an error.
This is tax season. It's pretty easy to find out that your income is a little bit different than what you might have estimated even as close a few weeks back.
@Anonymous wrote:
He only asked my income over my phone. I asked if I could fax over pay stubs or my checking account with my CU and stated that isn't necessary. He seemed nice and said he was going to put a note stating he feels the closure was wrong.
This is good! Keep us updated on the outcome!!