After offering a fixed 3.99% rate for the life of the loan and a rate payback of 2%.in addition they raised my rate of payback to 5%. Chase changed the terms of the loan after 3 years of perfect payment record. When contacted they say my only options are to take a new loan at 7.99% or I can close the account and remand full payment. Or I can continue on at the 5% payback rate and an additional intrest/service fee of $120.00 per year will be added.in addition they state that I have no recourse except to arbitrate the matter within thier company.
I think that maybe the government should give them more bailout money so that they can swindle more of their customers. I have joined the Class Action Suit brought against them. I will never knowlingly do any business with any company or entity that is affiliated with Chase again.
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