Without notification, I am being assessed A 'Service Charge' of $10.00 monthly until I pay off a 'low interest' balance of 3.99% with Chase. I also was told that I will now be paying an increase of 5% of the total loan balance each month. My present monthly payment just went up from $149.00/month to $368/month. As I have already rented out my home in order not to loose it to foreclosure, and have had no work to speak of within the past year (former real estate appraiser)!! I have now been put into a position of possibly defaulting on my loan. I was informed by customer service that this is due to market conditions. Chase is ripping off their customers... Royally... I have never being late on a payment yet... And this is how they pay back their good customers! There is also an offer to take a higher interest rate of 7.99%!! That sounds like a great deal, too! This is a sad commentary on their business practices. Stay away from Chase. This is unfair practice. Chase Bank is just another reason why our country is in the economic turmoil that it is presently experiencing. Thanks chase!!!
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