Chase bank usually jack up delinquent amount
By kingparker
@kingparker (9673)
United States
February 1, 2012 3:42pm CST
Okay, people are in delinquent of their credit cards, mostly due to financial problem, and they are in deep trouble as we all know it. Why would so banks take a bigger advantage of people who already in trouble to benefit themselves, that just a shame. Chase bank, a vivid example of those scumb*g. When their customers were in delinquent on their credit card payment, the ending amount when comes to the collector will be much bigger than one they suppose charged. Like $3000 were in delinquent, the ending amount comes to their collector will be up to $5000. Do you think that is a legal practice of them. Now, a such lawsuit is getting attention of many chase bank customers, and that might stir up some discussions on Chase bank legal practice.
3 responses
@knoodleknight18 (917)
• United States
3 Mar 12
Banks basically make all their money screwing people over. For example, I cash my paycheck in my account that I already pay $10 a month for. The check is returned, clearly not my fault, they charge me $10 and take the money out of my account. Had it overdrawn my account they'd have charged me another $25.
I had a bank hide thousands in funds they owed me for 4 months, I finally got some of the money, not the paperwork explaining where the other $2,000 went.
It's not just banks though, the whole country preys on the poor. Not only charging them late fees, but higher deposits, higher interest on loans, no protection against fees like someone with money would have. The system really is built to keep the poor poor, if you don't believe me go around with someone who's poor and you'll be amazed. I had a friend who tried to get a cell phone, they wanted a $1,200 deposit, and then if he doesn't pay his $50 bill they cut off his phone and keep his $1,200.
Oh and my other favorite, cut of a service, charge a $50 reconnection fee, on top of late fees. It's really ridiculous, you wonder why people can't get ahead. They're already struggling but they pay more in interest on their overpriced junk car than a guy driving a new BMW with no money down.
@sedel1027 (17846)
• Cupertino, California
2 Feb 12
If your account goes to collections there are other charges the collections agency adds on to the account which has nothing to do with Chase. Also, when you sign up for a credit card or loan, you agree to the terms which include fee that they tack on when you miss or make a late payment. Just be lucky you aren't dealing with Capital One or Bank of America.
@lampar (7584)
• United States
2 Feb 12
These big banks claim they have every rights to collect amount bigger than the deliquent amount owed by their credit card holders, because those amount include interests and fee, services for collectors, and many others. Unless regulator come down hard on them, practices like this will continue and remain legal for these greedy businessmen. These scumb&*g never get enough no matter how many million they had make in a year. 
