Issuance of Credit THEN Withdrawal of their agreed Terms
Complaint
Susie Hunt
Country: United States
In reference to the Bailout Bullies:
Chase has closed my Amazon Rewards Card account. I made a balance transfer request online. When I contacted them concerning the status I was told it was denied and the account was closed. If their rationale for closing the account was based in fact those circumstances surrounding their reasoning was unchanged from the time they issued the card. My financial creditworthiness has been unchanged since the issuance of this card.
Therefore; Chase was faulty in their decision making when they issued me this card.
Chase is incompetent and manipulative and they make adverse decisions after the fact. Their action then causes negative effects on the credit bureaus.
I just talked to Anna a customer service rep for Amazon and told her I would discontinue with Amazon because of their affiliation with Chase.
Not even the courtesy of an email concerning their decision. I found out about their decision when I called to check the status of the request. If I had realized the negative impact that my loan request would have elicited I would not have made the request.
Their actions as money brokers cause the negative reactions that occur to the credit reporting agencies. Something I have absolutely no control over, and then the credit card issuers use the negative impact they have created as an excuse to manipulate and punish the consumer.
The credit bureaus react to the actions of the credit card companies which may have nothing to do with consumer’s creditworthiness. Due to recent new laws credit card companies are reducing credit limits on cards and offers that they had put in place. This reduction of credit limits is then used by the credit bureaus to present a negative impact against the consumer. My financial creditworthiness has been unchanged since the issuance of these card offers. The credit card companies and credit bureaus are the actors and the reactors. I continue to pay my bills as agreed to. My honesty and integrity are still intact.
Chase has closed my Amazon Rewards Card account. I made a balance transfer request online. When I contacted them concerning the status I was told it was denied and the account was closed. If their rationale for closing the account was based in fact those circumstances surrounding their reasoning was unchanged from the time they issued the card. My financial creditworthiness has been unchanged since the issuance of this card.
Therefore; Chase was faulty in their decision making when they issued me this card.
Chase is incompetent and manipulative and they make adverse decisions after the fact. Their action then causes negative effects on the credit bureaus.
I just talked to Anna a customer service rep for Amazon and told her I would discontinue with Amazon because of their affiliation with Chase.
Not even the courtesy of an email concerning their decision. I found out about their decision when I called to check the status of the request. If I had realized the negative impact that my loan request would have elicited I would not have made the request.
Their actions as money brokers cause the negative reactions that occur to the credit reporting agencies. Something I have absolutely no control over, and then the credit card issuers use the negative impact they have created as an excuse to manipulate and punish the consumer.
The credit bureaus react to the actions of the credit card companies which may have nothing to do with consumer’s creditworthiness. Due to recent new laws credit card companies are reducing credit limits on cards and offers that they had put in place. This reduction of credit limits is then used by the credit bureaus to present a negative impact against the consumer. My financial creditworthiness has been unchanged since the issuance of these card offers. The credit card companies and credit bureaus are the actors and the reactors. I continue to pay my bills as agreed to. My honesty and integrity are still intact.
Comments
Look for a good local bank or credit union, which is more likely to take into the account the interests of their customers in the current environment.
http://www.federalreserve.gov/consumerinfo/wyntk/creditcardrules.htm