Author Topic: CHASE closed ALL accounts!!!!!!!  (Read 11305 times)

Offline ~King Lake~

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #255 on: August 11, 2019, 02:55:33 PM »
My understanding from this thread is that when they shut you down they do it all the way. Which means they would need to call the car in as well.
Not always
I'm going crazy, wanna come along?

Offline jdross

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #256 on: August 12, 2019, 02:54:26 PM »
A quick update on my situation...

After days of getting the run around with them on the phone, I finally went into a branch locally and was able to get the banker there to help me. After a few phone calls he was able to tell me that the compliance department shut down my accounts because of 2 things. One of them was that stupid missed auto pay which in and of itself wouldn't have been a problem seeing as the account was in excellent standing. The other thing was that I made a domestic wire earlier last month from chase into an account that I own at another bank.

Apparently for some reason, the combination of both events set off a "Red Flag" and they decided after review that I am a "Risk." I am not sure exactly how I am a risk, seeing as that my accounts were perfect, never missed payments, etc. and that the wire was going into another legitimate account at a legitimate bank that was owned by me. The banker asked me to provide proof of the details and transaction on that account which I did and which he sent to the compliance department but their answer came back as "at this time even after reviewing that we will not be re-opening the accounts."

Anyway, this is absolutely terrible. It is going to negatively impact my score tremendously. My question is where do I go from here. Since the damage is already done, what options do I have? For the balances that are currently unpaid, should I basically not pay them and let them go fly a kite or should I call them up to settle those balances? Is there any downside to me just not paying them? I'm basically fuming mad at them right now.  >:(

Offline mmgfarb

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #257 on: August 12, 2019, 03:11:05 PM »
For the balances that are currently unpaid, should I basically not pay them and let them go fly a kite or should I call them up to settle those balances? Is there any downside to me just not paying them? I'm basically fuming mad at them right now.  >:(
If they send it to collections it will be way worse for your credit than just having your cards closed.
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Offline jdross

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #258 on: August 12, 2019, 03:29:54 PM »
If they send it to collections it will be way worse for your credit than just having your cards closed.

How about settling with them? I have a credit monitoring service and already see 3 out of 5 accounts listed as closed and my credit has dipped a significant amount. I had a $30k credit line each on 2/5 accounts, 2 which were over $10K and the other $5k (the oldest card I have with chase). My utilization is ratio is through the roof right now. How much more will it hurt to settle with them?

Just looking for options. It sucks to be paying off a credit line thats now closed.

Online TimT

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #259 on: August 12, 2019, 04:45:52 PM »
It sucks to be paying off a credit line thats now closed.
Look on the bright side, youíre just paying back a debt.

Offline Yehuda25

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #260 on: August 13, 2019, 01:20:43 PM »
Look on the bright side, youíre just paying back a debt.
+1, just pay it back and move on. Not paying will kill your score. I got shut from chase too, not pretty.
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Offline CountValentine

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #261 on: August 13, 2019, 01:40:01 PM »
Just looking for options. It sucks to be paying off a credit line thats now closed.
Going to be blunt. Don't de a deadbeat and pay them what you owe and move on.
Also with and attitude like you are taking they were right to close all your accounts because you are a risk.
REPOST!!!!!

Offline as2

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #262 on: August 13, 2019, 03:59:55 PM »


Also with and attitude like you are taking they were right to close all your accounts because you are a risk.

Everyone becomes a risk of some sort when you spit in their face.
Memories last forever, make them while you can.

Offline CountValentine

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #263 on: August 13, 2019, 05:10:43 PM »
Everyone becomes a risk of some sort when you spit in their face.
Closing accounts is not spiting in anyone's face. It was a business decision. Some of us wear it as a badge of honor. I few of them from Chase.  :)
REPOST!!!!!

Offline lakewood34

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #264 on: August 13, 2019, 07:10:19 PM »
How about settling with them? I have a credit monitoring service and already see 3 out of 5 accounts listed as closed and my credit has dipped a significant amount. I had a $30k credit line each on 2/5 accounts, 2 which were over $10K and the other $5k (the oldest card I have with chase). My utilization is ratio is through the roof right now. How much more will it hurt to settle with them?

Just looking for options. It sucks to be paying off a credit line thats now closed.

between this and your failed amex dispute you are having a tough week

Offline grodnoking

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #265 on: August 13, 2019, 07:28:05 PM »
Closing accounts is not spiting in anyone's face. It was a business decision. Some of us wear it as a badge of honor. I few of them from Chase.  :)
I have two from them. And we still do business. Almost opened a business account last week with them but I am probably going to TD because of these "badges"
I'm not who you think I am.

Offline jdross

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #266 on: August 13, 2019, 07:58:25 PM »
between this and your failed amex dispute you are having a tough week

Tell me about it. You donít even know the half.

Offline Ekay

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #267 on: August 13, 2019, 08:05:16 PM »
I have two from them. And we still do business. Almost opened a business account last week with them but I am probably going to TD because of these "badges"
Why do you need them. If they donít need you, you donít need them.

Online gingyguy

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #268 on: August 13, 2019, 08:42:53 PM »
Why do you need them. If they donít need you, you donít need them.
so you think that my chase cards are only valuable as long as chase wants me as a customer?
May you slide down the banister of happiness & get many splinters of success up your career.

Offline CountValentine

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #269 on: August 13, 2019, 10:10:38 PM »
between this and your failed amex dispute you are having a tough week
WOW, what makes me think the problem is not the CC companies?
REPOST!!!!!