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Geographic Area:
Connecticut
Reporter: Dan (second report - is he a
whiner or genius? You figure it!
I received a surprise letter yesterday from the FDIC ( Federal
Deposit
Insurance Corp). It told me not to use and to cut up my Nextcard Credit
Card
because the backing bank NextBank has been taken over by the FDIC. They
said
they tried to get another bank to take over the accounts but have not done
so
yet. I will of course have to pay off my account in full as ageed and all
credit beaureus have been notified and my credit would of course be
maintained in good standing. Well I don't really care about that bank, it
was
one I applied for from a add on the internet and was mostly used by
internet
purchasers. I guess that easy credit brought all those little Bart
Simpson's
out. I can only imagine all the goodies they charged over the internet to
that Nextbank card. But I just cut up my Chase card when they sneaked
lifted my rate to 19.99% by placing a little insert in with all those adds
to
buy cameras and perfume. It stated that if I did not want to accept the
new
rate I would have to write them and my account would be closed and would
be
paid off as usual at the old rate. But I did not see the insert and only
learned about the new improved rate by checking my statement. I called and
was told I was to late and I could either pay off the balance or be
charged
the new rate. Any way I have most of it paid off and cut it up. The bell
goes
off in my head again. Isn't Chase ( J.P.Morgan, Chase) Are they not the
biggest holder of DERIVATIVES in the world. THEY NEED CASH!. If I pay it
off
and millions of people like me they get a surge of cash. (my balance was
over
$3,000) multiply that by all the other people like me. If I dont pay it
off
they get a usurous return on their money. By the way my credit is spotless
all payments made on time and well over the minimum. I never pay a
penalty.
If you think I am some sort of individual case go to ( Chasebanksucks.com).
Your subscriber in connecticut , Dan Click here to
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