Poll of the Day > Chase (credits cards) sucked so hard that they're giving their debt free!

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Lokarin 08/08/19 6:10:16 PM #1:	https://www.cbc.ca/news/business/chase-bank-amazon-visa-marriott-credit-card-debt-1.5239411?__vfz=medium%3Dsharebar --- "Salt cures Everything!" My YouTube: https://www.youtube.com/user/Nirakolov/videos <cite>Lokarin posted [p:925810726] in Chase (cre... [t:77925297]...</cite> <quote>https://www.cbc.ca/news/business/chase-bank-amazon-visa-marriott-credit-card-debt-1.5239411?__vfz=medium%3Dsharebar</quote> ... Copied to Clipboard!
Pus_N_Pecans 08/08/19 6:12:59 PM #2:	Does this mean the American version of this card will get the same treatment? I dont have any debt, but I do have this card. --- My arts- http://gopherguy.deviantart.com/ <cite>Pus_N_Pecans posted [p:925810861] in Chase (cre... [t:77925297]...</cite> <quote>Does this mean the American version of this card will get the same treatment? I dont have any debt, but I do have this card.</quote> ... Copied to Clipboard!
Lokarin 08/08/19 6:14:15 PM #3:	Pus_N_Pecans posted... Does this mean the American version of this card will get the same treatment? I dont have any debt, but I do have this card. I don't think so, it's just the way they're handling leaving the Canadian market. It must be cheaper for them to just abandon the debt than to hound for it. --- "Salt cures Everything!" My YouTube: https://www.youtube.com/user/Nirakolov/videos <cite>Lokarin posted [p:925810911] in Chase (cre... [t:77925297]...</cite> <quote>Pus_N_Pecans posted...</cite> <quote>Does this mean the American version of this card will get the same treatment? I dont have any debt, but I do have this card.</quote> I don't think so, it's just the way they're handling leaving the Canadian market. It must be cheaper for them to just abandon the debt than to hound for it.</quote> ... Copied to Clipboard!
streamofthesky 08/08/19 6:19:28 PM #4:	Meanwhile in the US, I literally just mailed off a letter telling Chase that I want to opt-out of forced arbitration that waives my right to sue them for any wrongdoing they may commit in the future. I don't even know how it's legal to default/force millions of customers to forgo their legal rights, but...it is! And not only is it legal, but they're allowed to require an actual written correspondence to opt out by a deadline of their choosing, calling or emailing isn't good enough. 'Murica! <cite>streamofthesky posted [p:925811126] in Chase (cre... [t:77925297]...</cite> <quote>Meanwhile in the US, I literally just mailed off a letter telling Chase that I want to opt-out of forced arbitration that waives my right to sue them for any wrongdoing they may commit in the future. I don't even know how it's legal to default/force millions of customers to forgo their legal rights, but...it is! And not only is it legal, but they're allowed to require an actual written correspondence to opt out by a deadline of their choosing, calling or emailing isn't good enough. 'Murica!</quote> ... Copied to Clipboard!
DeltaBladeX 08/08/19 8:33:11 PM #5:	streamofthesky posted... calling or emailing isn't good enough. Those can't get lost :P --- I'm not lazy, I just don't care http://backloggery.com/DeltaBladeXNZ - https://steamcommunity.com/id/DeltaBladeX <cite>DeltaBladeX posted [p:925816609] in Chase (cre... [t:77925297]...</cite> <quote>streamofthesky posted...</cite> <quote>calling or emailing isn't good enough.</quote> Those can't get lost :P</quote> ... Copied to Clipboard!
streamofthesky 08/08/19 8:48:28 PM #6:	DeltaBladeX posted... streamofthesky posted... calling or emailing isn't good enough. Those can't get lost :P I put in the letter that I expect to receive a confirmation letter from Chase and that I'm keeping a copy of the letter for my records, and I dated the fucking letter. Hopefully that's enough to ensure they don't bs me, but yeah...I'm guessing they'll pretend they never got my letter. <cite>streamofthesky posted [p:925817231] in Chase (cre... [t:77925297]...</cite> <quote>DeltaBladeX posted...</cite> <quote>streamofthesky posted...</cite> <quote>calling or emailing isn't good enough.</quote> Those can't get lost :P</quote> I put in the letter that I expect to receive a confirmation letter from Chase and that I'm keeping a copy of the letter for my records, and I dated the fucking letter. Hopefully that's enough to ensure they don't bs me, but yeah...I'm guessing they'll pretend they never got my letter.</quote> ... Copied to Clipboard!
Mead 08/08/19 8:51:26 PM #7:	Canada gets everything --- If they drag you through the mud, it doesnt change whats in your blood <cite>Mead posted [p:925817349] in Chase (cre... [t:77925297]...</cite> <quote>Canada gets everything </quote> ... Copied to Clipboard!
streamofthesky 08/08/19 8:58:28 PM #8:	Mead posted... Canada gets everything Except Ted Cruz. We got to keep him! cries <cite>streamofthesky posted [p:925817630] in Chase (cre... [t:77925297]...</cite> <quote>Mead posted...</cite> <quote>Canada gets everything </quote> Except Ted Cruz. We got to keep him! cries</quote> ... Copied to Clipboard!
Aaantlion 08/08/19 8:59:43 PM #9:	Must. Resist. Urge. To. Joke. About. Canada. Aaaaaaaaahhhhhhhhhhhhh! runs out of topic --- (\/)(\/)\|-\| <cite>Aaantlion posted [p:925817678] in Chase (cre... [t:77925297]...</cite> <quote>Must. Resist. Urge. To. Joke. About. Canada. Aaaaaaaaahhhhhhhhhhhhh! runs out of topic</quote> ... Copied to Clipboard!
Firewood18 08/08/19 10:18:14 PM #10:	Setting the precedent that money isn't real and debt is just a concept we can just forget about. --- Nobody is perfect. Well, one guy was but we killed him. <cite>Firewood18 posted [p:925820875] in Chase (cre... [t:77925297]...</cite> <quote>Setting the precedent that money isn't real and debt is just a concept we can just forget about.</quote> ... Copied to Clipboard!
captpackrat 08/09/19 2:52:46 PM #11:	I don't know how Revenue Canada handles it, but the IRS considers forgiven debt to be income and thus taxable. --- Minutus cantorum, minutus balorum, Minutus carborata descendum pantorum. <cite>captpackrat posted [p:925847675] in Chase (cre... [t:77925297]...</cite> <quote>I don't know how Revenue Canada handles it, but the IRS considers forgiven debt to be income and thus taxable.</quote> ... Copied to Clipboard!
Aaantlion 08/11/19 12:09:49 AM #12:	Firewood18 posted... Setting the precedent that money isn't real and debt is just a concept we can just forget about. Pretty sure bankruptcies have been doing that since we outlawed debtors' prisons. captpackrat posted... I don't know how Revenue Canada handles it, but the IRS considers forgiven debt to be income and thus taxable. As it should, tbh, although they'll still come out far ahead of the curve. --- (\/)(\/)\|-\| <cite>Aaantlion posted [p:925909077] in Chase (cre... [t:77925297]...</cite> <quote>Firewood18 posted...</cite> <quote>Setting the precedent that money isn't real and debt is just a concept we can just forget about.</quote> Pretty sure bankruptcies have been doing that since we outlawed debtors' prisons. captpackrat posted...</cite> <quote>I don't know how Revenue Canada handles it, but the IRS considers forgiven debt to be income and thus taxable.</quote> As it should, tbh, although they'll still come out far ahead of the curve.</quote> ... Copied to Clipboard!
Mead 08/11/19 12:13:37 AM #13:	Pretty sure bankruptcies have been doing that since we outlawed debtors' prisons. Unless of course you owe money on government student loans --- If they drag you through the mud, it doesnt change whats in your blood <cite>Mead posted [p:925909180] in Chase (cre... [t:77925297]...</cite> <quote><quote>Pretty sure bankruptcies have been doing that since we outlawed debtors' prisons. </quote> Unless of course you owe money on government student loans </quote> ... Copied to Clipboard!
Aaantlion 08/11/19 12:15:30 AM #14:	Mead posted... Pretty sure bankruptcies have been doing that since we outlawed debtors' prisons. Unless of course you owe money on government student loans They have loan forgiveness for certain fields and, because these policies exist, those students feel less of an incentive to actually pay down those loans. --- (\/)(\/)\|-\| <cite>Aaantlion posted [p:925909247] in Chase (cre... [t:77925297]...</cite> <quote>Mead posted...</cite> <quote><quote>Pretty sure bankruptcies have been doing that since we outlawed debtors' prisons. </quote> Unless of course you owe money on government student loans </quote> They have loan forgiveness for certain fields and, because these policies exist, those students feel less of an incentive to actually pay down those loans.</quote> ... Copied to Clipboard!
Mead 08/11/19 12:18:36 AM #15:	Aaantlion posted... They have loan forgiveness for certain fields and, because these policies exist, those students feel less of an incentive to actually pay down those loans. Thats probably exacerbated by the fact that many first world countries offer higher education at no cost for the betterment of the populace Even some US states use to offer college at no cost to students. Another thing the Raegan administration ruined for multiple generations. --- If they drag you through the mud, it doesnt change whats in your blood <cite>Mead posted [p:925909354] in Chase (cre... [t:77925297]...</cite> <quote>Aaantlion posted... </cite> <quote>They have loan forgiveness for certain fields and, because these policies exist, those students feel less of an incentive to actually pay down those loans.</quote> Thats probably exacerbated by the fact that many first world countries offer higher education at no cost for the betterment of the populace Even some US states use to offer college at no cost to students. Another thing the Raegan administration ruined for multiple generations. </quote> ... Copied to Clipboard!
Grendel 08/11/19 3:59:15 AM #16:	streamofthesky posted... Meanwhile in the US, I literally just mailed off a letter telling Chase that I want to opt-out of forced arbitration that waives my right to sue them for any wrongdoing they may commit in the future. I don't even know how it's legal to default/force millions of customers to forgo their legal rights, but...it is! And not only is it legal, but they're allowed to require an actual written correspondence to opt out by a deadline of their choosing, calling or emailing isn't good enough. I got a new card when that happened and am just holding my chase card as an emergency backup. They've effectively lost me as a customer over that. <cite>Grendel posted [p:925914423] in Chase (cre... [t:77925297]...</cite> <quote>streamofthesky posted...</cite> <quote>Meanwhile in the US, I literally just mailed off a letter telling Chase that I want to opt-out of forced arbitration that waives my right to sue them for any wrongdoing they may commit in the future. I don't even know how it's legal to default/force millions of customers to forgo their legal rights, but...it is! And not only is it legal, but they're allowed to require an actual written correspondence to opt out by a deadline of their choosing, calling or emailing isn't good enough.</quote> I got a new card when that happened and am just holding my chase card as an emergency backup. They've effectively lost me as a customer over that.</quote> ... Copied to Clipboard!
streamofthesky 08/11/19 10:22:02 AM #17:	Grendel posted... streamofthesky posted... Meanwhile in the US, I literally just mailed off a letter telling Chase that I want to opt-out of forced arbitration that waives my right to sue them for any wrongdoing they may commit in the future. I don't even know how it's legal to default/force millions of customers to forgo their legal rights, but...it is! And not only is it legal, but they're allowed to require an actual written correspondence to opt out by a deadline of their choosing, calling or emailing isn't good enough. I got a new card when that happened and am just holding my chase card as an emergency backup. They've effectively lost me as a customer over that. It's tempting to just stop using it. But my first ever card I stopped using (worst benefits of all my credit cards) and they eventually closed my account due to inactivity, which in turn lowered my credit score (it was my longest tenured account, so it significantly affected my average # of years for my credit accounts). The Chase one is now my longest tenured card, and I'd rather avoid a hit to my credit score over losing it. Plus, it is still the best cash back % I have for amazon purchases (it's actually an Amazon credit card, but provided by Chase), so I do still want to use it regularly. So...hopefully the option to opt-out isn't bs. If I don't get a letter and they stone wall me when I call to inquire about it...guess I'm done w/ them. <cite>streamofthesky posted [p:925920278] in Chase (cre... [t:77925297]...</cite> <quote>Grendel posted...</cite> <quote>streamofthesky posted...</cite> <quote>Meanwhile in the US, I literally just mailed off a letter telling Chase that I want to opt-out of forced arbitration that waives my right to sue them for any wrongdoing they may commit in the future. I don't even know how it's legal to default/force millions of customers to forgo their legal rights, but...it is! And not only is it legal, but they're allowed to require an actual written correspondence to opt out by a deadline of their choosing, calling or emailing isn't good enough.</quote> I got a new card when that happened and am just holding my chase card as an emergency backup. They've effectively lost me as a customer over that.</quote> It's tempting to just stop using it. But my first ever card I stopped using (worst benefits of all my credit cards) and they eventually closed my account due to inactivity, which in turn lowered my credit score (it was my longest tenured account, so it significantly affected my average # of years for my credit accounts). The Chase one is now my longest tenured card, and I'd rather avoid a hit to my credit score over losing it. Plus, it is still the best cash back % I have for amazon purchases (it's actually an Amazon credit card, but provided by Chase), so I do still want to use it regularly. So...hopefully the option to opt-out isn't bs. If I don't get a letter and they stone wall me when I call to inquire about it...guess I'm done w/ them.</quote> ... Copied to Clipboard!
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Poll of the Day > Chase (credits cards) sucked so hard that they're giving their debt free! (+) Yeah! (+)

Poll of the Day > Chase (credits cards) sucked so hard that they're giving their debt free!