Comments on: It’s a Two-Way Street http://thefinancebuff.com/its-a-two-way-street.html like a friend telling you about money ... Wed, 23 May 2012 19:06:27 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: vik http://thefinancebuff.com/its-a-two-way-street.html#comment-3903 vik Thu, 29 Apr 2010 20:06:03 +0000 http://thefinancebuff.com/2009/08/its-a-two-way-street.html#comment-3903 I think you are wrong on this.. - When you decide to close a credit card it does not effect the company much but when creditor closes the individual's account, it effect their finance drastically. ( especially when its unexpected, as most customers who pay on time do not expect this to happen) - The companies are living on your money, fees, interest rates etc...so atleast they should have minimum responsibility to explain it to you. - When Chase decides to close Wamu cards.....they should atleast acknowledge it saying that they planning to close wamu credit cards. Yes it's a two way street ....but bothways are controlled by chase......first they welcome you to chase ...later change the terms and policy......sending you a letter home....then closing it whenever they want. what control does an individual have on it?? I think you are wrong on this..

- When you decide to close a credit card it does not effect the company much
but when creditor closes the individual’s account, it effect their finance drastically. ( especially when its unexpected, as most customers who pay on time do not expect this to happen)

- The companies are living on your money, fees, interest rates etc…so atleast they should have minimum responsibility to explain it to you.

- When Chase decides to close Wamu cards…..they should atleast acknowledge it saying that they planning to close wamu credit cards.

Yes it’s a two way street ….but bothways are controlled by chase……first they welcome you to chase …later change the terms and policy……sending you a letter home….then closing it whenever they want. what control does an individual have on it??

]]> By: anie http://thefinancebuff.com/its-a-two-way-street.html#comment-2566 anie Thu, 20 Aug 2009 05:55:25 +0000 http://thefinancebuff.com/2009/08/its-a-two-way-street.html#comment-2566 I was recently dumped by Chase/Wamu and not happy about it for it will show on my credit report and lower my score...or so says Money magazine. I'm doing all I can to up that score but when things like this happen, I can't do anything about it. And, I had a low balance and paid in full each month! egads I was recently dumped by Chase/Wamu and not happy about it for it will show on my credit report and lower my score…or so says Money magazine. I’m doing all I can to up that score but when things like this happen, I can’t do anything about it.
And, I had a low balance and paid in full each month! egads

]]> By: Ed http://thefinancebuff.com/its-a-two-way-street.html#comment-2505 Ed Wed, 05 Aug 2009 11:51:29 +0000 http://thefinancebuff.com/2009/08/its-a-two-way-street.html#comment-2505 I agree with you completely. The only thing I think there should be reform on is better disclosure. It is unsecured debt and the credit card companies have to be careful about their exposure. I agree with you completely. The only thing I think there should be reform on is better disclosure. It is unsecured debt and the credit card companies have to be careful about their exposure.

]]>