JP Morgan Chase Complaint - 2 Billion Dollar Profit And I Am Being Squeezed For 29 Percent Interest Rate!!!
NEW YORK, NEW YORK -- I called J P Morgan Chase Customer Care regarding my recent statement. I had a 10 percent interest rate when my credit card was with WAMU. No problems at all with card when I was with WAMU. I paid every month on time and over the minimum.
I was shocked when I got my first statement from JP Morgan Chase. My interest rate was raised to 29 percent!!!!
Customer Care representative( not located in US) said that there was NO way to lower the APR at all. Spoke with his manager again I was told " there is no way to lower the APR and no way to remove any fees" also that there was no one there who could lower the APR or remove charges.
So I am going to be going from a paying on time customer to a delinquent I guess. They are tripling my month payments. I cannot understand the logic behind gouging people who cannot afford it. I cannot understand how they could be getting money from the government, post a 2 billion dollar profit and STILL can squeeze me into being bankrupt??