Exxon/Mobile Informative - Account closed for no god reason

Review by smokestack on 2008-04-25
Just recently, Exxon/Mobile decided to close my credit card account with them for no good reason of theirs. The account was always up to date and paid in full every time it was used. It was never late and always on time. Today I go to use the card and it wasn't accepted. I called them and they said because I was fileing for Bankruptcy on other companies they closed the account. I explained it was because I became disabled and lost income from another company I had worked for. I also said I didn't file against you and I always paid in full and on time. I needed the card to continue good reports to credit agentcys
and also for emergencies. They said it doesn't matter that you didn't file against us, we closed your account even though it's paid up and even though you pay us. Shell did the same thing to my wife and her accont has always been up to date for over 15 years. I will no longer buy Shell or Exxon/Mobile gas. Besides they use middle easter oil. I'll go to Sunoco,BP, Hess, and other gas stations that use gas made from American oil.
Comments:14 Replies - Latest reply on 2008-04-25
Posted by Suusan B. on 2008-04-25:
Unfortunately this is a risk you run when you file for bankruptcy. You can't file against just certain creditors and pick and choose which one's you want to continue doing business with - - it just doesn't work that way. In their eyes you no longer qualify to hold an account. And as far as wanting to keep Exxon/Mobile account to "continue good reports to credit agencies" is concerned - - you filed bankruptcy so your credit is pretty much shot and one or two gas company credit cards aren't going to make any difference.
Posted by bill on 2008-04-25:
I think filing for bankruptcy is a pretty good reason.
Posted by B. on 2008-04-25:
"...no god reason" God always has a reason, in this case you being a bad credit risk.
Posted by tnchuck100 on 2008-04-25:
As much as I dislike the greedy oil companies they only did this as a good business practice.

When you file bankruptcy all will view you as an extremely poor credit risk. Any other credit cards you may have that are not included in the action will probably raise your interest rate to the max and block the use of the card(s). Suusan B. is right. Your credit is now shot. The bankruptcy will remain on your credit files for 10 years.
Posted by Slimjim on 2008-04-25:
Actually chuck, the oil companies really don't have any say in this. Shell cards are issued and financed by Chase and Exxon, I think, are Citibank or GE accounts.
Posted by tnchuck100 on 2008-04-25:
Slim, you're right. At any rate the poor guy's credit has hit the skids. But I still hold contempt for the oil companies.
Posted by Slimjim on 2008-04-25:
I hear you there chuck. When you see these profit and loss reports by the oil industry and look at the crippling prices of fuel, it's beyond comprehension.
Posted by Anonymous on 2008-04-25:
It's all about supply and demand.
Posted by tnchuck100 on 2008-04-25:
Pirate, it's way beyond supply and demand. It's flat out greed. Think about the poor guy with a wife and 3 kids who lives 30 miles from work. They're killing him. Washington is not going to do anything to help. Bush & Co. are making too much money from their oil interests on the backs of the working guy.
Posted by Anonymous on 2008-04-25:
The federal government can't regulate the price of commodities such as oil. We're paying more for it because the american dollar is losing value world-wide. Crude is traded in US dollars all around the world, regardless of country. When the dollar shrinks, it takes more of them to buy the same amount of things such as oil. Additionally, competition for that product is coming from china and india that we as consumers whose economies we've bolstered because of outsourcing labor and buying their cheap products. These impoverished countries now have earned enough income to afford vehicles that require fuel.
Posted by Anonymous on 2008-04-25:
Chuck, well said. Best Answer, what you is true and makes sense.
Posted by Starlord on 2008-04-25:
I only have one thing to say. A while back, we were held upwith ridiculously high gas prices, then it was revealed that The oil companies reported record high profits for taht quarter. I dread thinking of the backlash if they do this again with us paying $4 per gallon. If they report record high profits again, I think it will be too wet to plow.
Posted by DigitalCommando on 2008-04-25:
Remove oil as a traded commodity and it's problem solved. The oil companies loyalty will immediately shift from stock holders to consumers. Secondly, oil companies should be prevented by federal law, from engaging in (or causing) any lobbying activities. In China, if a large company executive engages in criminal activity, they are executed. Maybe we should adopt the chinese model?
Posted by Anonymous on 2008-04-25:
Better yet, let's assemble even cheaper junk than they do, paint it with lead paint and the export it back to them!

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