Chase - JPMorgan - Chase Bank RIPOFF raised interest rate to 22.9% from 9%!!! Wilmington Delaware
Before you do business with this company, I highly reccomend investigating their business activities, if all their customers are like me, and forced to pay stupendous interest rates for something this is not my fault, its no wonder they are a 1.1 trillion dollar company!!!!
Let me explain...
First out, I have been victim of fraudulent activity on my credit report. The AZ Attorney General, and FBI are investigating it. I have also added fraud alerts to my credit reports because of this activity.
I then get a note in the mail that CHASE is raising my interest rate to "Non-Prefered" pricings because my credit report shows a late payment history on an account, from 9.99% to 22.9%!! it took my payments from around $83.00 to over $200.00!!
I called them and spoke with this people:
Cathy Op# V7X - Was rude, and said that she can not help - said that can not change the situation.
Elizibeth Op# LYZ - Does not matter who I speak with - she does care. They can not help. Refuses to help or transfer to dept that can, was rather rude.
Rae Op# 4RD - Refuses to Help - or transfer to proper person that can.
So I write them and notify them of the err of their ways, I then get a "Machine" drafted letter that basically says "too bad so sad"
Additionally my account was closed with them, and part of the closing process was that my rate would never change as long as I had the account auto draft from my bank account.
I have now submitted this company to the attorney general office for investigation also....
Scott
Surprise, Arizona
U.S.A.
2 Updates & Rebuttals
Scott
Surprise,Arizona,
U.S.A.
Finally Resolved...
#3Author of original report
Sat, April 30, 2005
After fighting like heck with this company, and suing them... they finally settled with me...I am unable to disclose the outcome of the settlement.... I did not get all I was asking for... but got most of it.. so I have been made "mostly whole" again...
Scott
Surprise,Arizona,
U.S.A.
Company Ignoring My Proof...
#3Author of original report
Sun, December 19, 2004
Typical activity for a company of this size, especially now that they have merged together making them one of the largest financial companies.
So far I have reported them to the attorney general, arizona banking commission, have faxed them the rip off report, have faxed and mailed them the info showing that the 'bad mark' on my credit report is NOT MINE, but they continue to just want to charge me this interest rate, because their computer says that I am a "dirtball", this one entry on my credit report that does not belong to me took my credit rating from well over 700 score to less than 650!!!! I have also proven to that I am a victim of identity theft, but they just continue to blow me off!! So my next move is to file a case with Justice court of Arizona for the balance of the card....maybe they will get the picture then.. but I doubt it...
Its no wonder when they do this sort of stuff to GOOD PEOPLE, they just decide to tell them to "F-OFF" and write the debt off, because they can no longer afford to pay the payment, which in my case went from $80/month to over $205 month!!! its crazy!!! nearly tripling the payment over something that is not my fault!
Forcing these kinds of interest rates on a person wrongfully, is how their executives get these exhorbant salaries...
I wish that I could get these kinds of salaries.. but since I am just a peon, and a customer to this executives they dont care.. they just want to report to their investors... I would imaging that even writing to the investors would not matter, because getting higher interest rates from customer means lining their pockets even more....
Source - website.cfo.com
The merger agreement will also amend Harrison's severance arrangements to bring them more in line with Dimon's. Harrison will receive severance that is the greater of $22.2 million, or the sum of three times his base salary and three times his annual cash bonus, should he wind up on the street. Under Chase's policy before it agreed to the merger, Harrison would have been due to receive approximately $18.7 million.
Last year Harrison received a salary of $5.7 million, more than double the $2.3 million he earned the year before, and his bonus was nearly $428,000, up 35 percent from the prior year. He also netted more than $2.2 million from exercising stock options and selling the underlying shares.
Dimon did even better. He received a $1 million salary for the second straight year but also was awarded a $5 million bonus, up from $3 million the year before. He also received about $2.5 million in restricted stock. In addition, in 2003 Dimon netted more than $14.6 million from exercising options, giving him a total pay package of more than $22 million.
Chase CFO Dina Dublon received a $500,000 salary and a $4.75 million bonus, and she enjoyed a $325,364 gain from exercising stock options. Bank One CFO Heidi Miller, who joined the company in March 2002, earned around $4 million, including a $2.3 million bonus and nearly $1.2 million in restricted stock.
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These are the things that make you go...hmmmm..