tag:blogger.com,1999:blog-12898829.post111819229284347257..comments2023-12-26T04:16:19.283-08:00Comments on The Debt Defier: Raising the Minimum PaymentsUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12898829.post-33425238627030178282008-12-30T06:10:00.000-08:002008-12-30T06:10:00.000-08:00Chase has indeed raised its minimum payment from 2...Chase has indeed raised its minimum payment from 2% to 5%. It has also imposed a new $10/month "finance charge." The change in terms notice provided no "opt out," other than paying off the entire balance and closing the account by January 1, 2009. (for me, that would mean coming up with approximately $12,000.00). The notice came in my last month's statement, which arrived around the first of the month in December (2008). In my case, I am fighting this as hard as I can for several reasons. The overall reason is that Chase promised a "fixed rate," but has changed that rate by adding a finance charge and was deceptive in its advertising (known as bait and switch). I have written a letter to the CEO of Chase Card Services, which is posted to my protest site, ChangeinTerms.com (see the "About" page).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12898829.post-1118202584447995012005-06-07T20:49:00.000-07:002005-06-07T20:49:00.000-07:00Wow, you really seem up on what it takes to get ou...Wow, you really seem up on what it takes to get out of debt! I'm going to have to read the rest of your blog and see if you say how you got into it in the first place. <BR/><BR/>I just got a new job with a raise of $8,000, but $5,000 of that goes to health insurance. I also moved out from having a roommate to living by myself, and the leftover $3,000 raise neatly seems to be exactly the increased expenses of living on my own. *whew!*<BR/><BR/>Best wishes.zandperlhttps://www.blogger.com/profile/01700239961953729095noreply@blogger.comtag:blogger.com,1999:blog-12898829.post-1118193622400818732005-06-07T18:20:00.000-07:002005-06-07T18:20:00.000-07:00OUCH, I am just hoping they don't do this on my se...OUCH, I am just hoping they don't do this on my sears card!Weshttps://www.blogger.com/profile/02778583838949370190noreply@blogger.com