Over a decade ago, I borrowed about $16K on a Chase Slate card via a mailer that said 2.5% APR fixed for the life of the loan. It was cheap money at the time and I was content making the minimum payment (2% of balance) as the money was earning more than it was costing me. I had paid off my truck and invested the leftovers. Things went smoothly for a couple years before Chase, for absolutely no reason other than they saw the **bleep**storm approaching, abruptly more than doubled my minimum payment to 5%. They raised the minimums for thousands of others too. Making my previous ~$200/mo payment now $500 was somewhat of a burden to me, but I paid it off. It put many others in collections just as the banking fiasco of 2008 unfolded. To this day my Slate card still has 5% minimum payment. I don't use as it has no benefit other than transfers, but it's a very old card that helps age my accounts.
These same morons that caused the financial crash were squeezing the guts out of those that owed them money. All while our government used our money to save their asses. Talk about irony. I did receive about $350 in a class action against Chase for their conduct.
I still have 2-3 Chase cards and took the $300 for opening a checking account. Never pretend these lenders are your friendly neighborhood banks. They are treacherous money making machines that will eat you up and spit you out. 
Welcome to the forum ChasingDreams!
It's refreshing to see folks like you, ABCD & others willing to own up to the cause of conflict with their "hateful" (maybe at this point unfavorable would be a better choice of words?) lender- to the point where I'm reconsidering much of my original thought process when first making this thread.
Often times when reading posts here about AA or other credit woes I can't help but get the sense that often times there's a degree of personal responsibility on the borrowers part that isn't included in the post but come to light when they start dodging questions about utilization & payment habits with other lenders than the one in question.
While I've had plenty of lender angst along with FICO score, approval success & credit limit envy since starting my ongoing rebuild & lurking here - I've never let myself believe my inability to obtain better credit products was due to anything but my own actions. Still it can be fun to birch about lenders anyways and balance chasing will always be hateful
It's refreshing to see folks like you, ABCD & others willing to own up to the cause of conflict with their "hateful" (maybe at this point unfavorable would be a better choice of words?) lender- to the point where I'm reconsidering much of my original thought process when first making this thread.
Often times when reading posts here about AA or other credit woes I can't help but get the sense that often times there's a degree of personal responsibility on the borrowers part that isn't included in the post but come to light when they start dodging questions about utilization & payment habits with other lenders than the one in question.
While I've had plenty of lender angst along with FICO score, approval success & credit limit envy since starting my ongoing rebuild & lurking here - I've never let myself believe my inability to obtain better credit products was due to anything but my own actions. Still it can be fun to birch about lenders anyways and balance chasing will always be hateful
@Anonymous wrote:
Welcome to the forum ChasingDreams!
It's refreshing to see folks like you, ABCD & others willing to own up to the cause of conflict with their "hateful" (maybe at this point unfavorable would be a better choice of words?) lender- to the point where I'm reconsidering much of my original thought process when first making this thread.
Often times when reading posts here about AA or other credit woes I can't help but get the sense that often times there's a degree of personal responsibility on the borrowers part that isn't included in the post but come to light when they start dodging questions about utilization & payment habits with other lenders than the one in question.
While I've had plenty of lender angst along with FICO score, approval success & credit limit envy since starting my ongoing rebuild & lurking here - I've never let myself believe my inability to obtain better credit products was due to anything but my own actions. Still it can be fun to birch about lenders anyways and balance chasing will always be hateful
OK, then will you or ABCD please tell me how I brought about 3 of the 4 hateful creditors I have dealt with?
Amex - it was my FATHER, not me (not the same first name). I was the victim of Identity Theft and was in no higher than 10th grade (read that 15 years old) at the time.
Citibank - OK, so I was born in Brooklyn, but by what right did that give them to take away (for their purposes) my American citizenship?
First Bank of New York - I gave them my signature card and all requested ID. It was Citibank taht would not send back the signature verification card.
Unfortunately if Synchrony upgrades an account to MC, it usually signal the end of old account and a new one. Ive always said when you want the mc version from Sync , you usually cant get it, ie lower score or rebuild. By the time you CAN. get one, you usually dont need it( i.e better cards or dont want the aaol affect)
@AverageJoesCredit wrote:
Unfortunately if Synchrony upgrades an account to MC, it usually signal the end of old account and a new one. Ive always said when you want the mc version from Sync , you usually cant get it, ie lower score or rebuild. By the time you CAN. get one, you usually dont need it( i.e better cards or dont want the aaol affect)
i cant remember when i got the initial tjmaxx card but i have had good to excellent credit for the past 15 yrs-just hate the bait and switch they did on me