I have been a WAMU credit card holder since 2007. Then Chase came along and bought them out, things were going ok so far. I do have a balance of about $2500. On my card right now, which I am faithfully paying off.
I have never ever been late on any payments with WAMU in the past, and never been late on this card since Chase took them over... Nor have I ever been late on any other credit cards I have. I have also never been late on my house payment and car payment either...
So imagine my surprise when I get a letter in the mail from Chase this week telling me they have closed my account. They stated 1.) "the available credit on my bankcard is too low", and the 2.) "average length of time since bankcard (s) opening is too short" and 3.) "too few accounts paid as agreed compared to total accounts"
1.) I only have 2 major credit cards, Chase and another one and yes they are high balances, but I am never late and pay more than the minimum each month trying to get them paid off quickly, and then I have about 4 other small retail cards, with tiny balances, on 3 of them (under $100.00) and one is paid off!
2.) All of my cards were opened in 2007 or before... So I am not sure how that second item on their list applies to me... My accounts are all 2 years old or older!
3.) None of my accounts (credit cards) or loan payments (house & car) have ever been late on any of these accounts we have, so I dont understand why they said "too few accounts paid as agreed"
It just burns me up that after all these years of faithfully paying on time every month all my bills, that they just close my account like this.
I have been working for the past 3 years trying to rebuild our credit up so that we can get a new home loan with a good interest rate so we can move into a better house, and now this happens! My credit score, and rating did not need this kind of damage! It's just not right that they can close my account and damage my credit like this.
I just wonder how many other former WAMU card holders there are out here that also had their account closed by Chase? Its just sad when companies get so big they stop caring about their customers... Just sad! Companies like this just run our country and our economy straight into the ground!
This is one bank that really does need to go belly up! And it would be nice if they did it soon, then maybe I wouldnt have to pay back the $2500.00... That would make me feel better for the damage they have now done to my credit score!
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