Chase BankOne
Interest Rate Raised to 29.5% After One Missed Payment
- 04-09-2005
- 15
For 7 yrs we have had this credit account with no issues, no late payments. Last month they did not send a payment and I forgot them with all the bill shuffles. Well we got our statement with an overly inflated interest rate raised to 29.5% with a late fee and interest charges $197.70 on one part and yet the promotional rate had not changed on one portion. I called and was treated rudely and told that they had sent a letter back in December which they did not stating that they were raising the interest rate. I honestly feel that this is all a scam. Funny how the "letter" they sent was lost 5 months ago, the last bill never came and yet this month BankOne is now owned by Chase BankOne and our interest rate went sky high.
This is more than a rippoff. I would like to know if anyone has started a lawsuit against them as I would like to join in on it.
Company: Chase BankOne
Country: USA
State: Delaware
City: Wilmington
Address: PO Box 15153
Phone: 8777177669