I have visited your blog and added a comment under your post about Chase. Best wishes.

Paid over 3K in closing costs on a refi 1st mortgage to do it. I wonder if Dr Ron would provide me the text of that letter he used to get his $110 back…

I’ld like to see just how stupid they are.

Ronald—I’d send a copy of that letter you got from Chase to all three class action lawyers. The varying types of responses Chase is issuing, including an outright denial of your attempt at an opt-out request, would be very helpful for them to know, I think.

That extra 4% APR buys a lot of superfluous correspondence it would seem.

At least it was postage paid. I filled the envelope with cat crap because I didn’t know where to get that white powder that disgruntled folks normally inclose.

I’m sure I’ll be overwhelmed by promotional offers in the coming weeks.

Scalliwags they is!

Common crooks which own our lawmakers.

” Birds of a feather” my granny would have said. After Chase is done with us the lawmakers will give them a bailout.

Want a cherry on it?

Prolly why she took her egg money outta the mattress and buried it in that coffee can in the back yard.

Too bad it was one of those newfangled plastic jobs or I’ld find it with my trusty metal detector and pay the bastards off.

Chase has been completely unethical in these matters. The loan shark executives at Chase should be put in prison for this massive bait and switch. But at least the lawsuit can ding their income a little.

I would like to see congress accelerate the new credit card rules to be effective immediately. In fact, they should make it retroactive. Especially in light of the bad behavior of companies like Chase in the past couple months. Customers who acted in good faith should not be punished by unreasonable contract changes at any time, but especially this time.

Best of luck!

The fact that there are two class action lawsuits that have already been filed, with more likely to come, means that Chase’s response is not necessarily the “end of the story.” In other words, I am of the opinion that these firms would not be filing if they thought that Chase’s position was correct, and defensible. There’s plenty more to be said, and we’re saying it here! The word is also spreading to more and more media outlets. This is going to be a consumer revolt story by the time it’s all said and done. These firms that have filed suits believe that Chase violated the terms of its promotional offer, and it can hide behind any arguments that it may wish, but I do not not think that Chase will prevail as a defendant. Best wishes.

Your observations about consolidation (later) and gaining a foothold are consistent with the way I (as a layperson) understand the process as well. Thanks for your comment.