We are an immediate loan specialist in Austin, and we are quicker and more advantageous than run of the mill retail facade banks since we're based on the web and are open constantly. No compelling reason to sit tight for "ordinary business hours" or invest energy flying out to the store — our short application can be finished in not more than minutes. You can even apply from a cell phone while you're in a hurry!
We can loan up to $500 to Austin occupants, in view of qualifying elements. On the off chance that endorsed, your credit will be expected on your next payday that falls in the vicinity of 10 and 31 days after you get your advance. Nitty gritty data with respect to expenses and reimbursement is accessible on our Rates and Terms page. As you consider whether an advance is proper for your prompt needs, you ought to likewise investigate other subsidizing alternatives. A payday credit is a genuine budgetary duty, and not an answer for long haul issues. Getting from a companion of relative may be a superior alternative.
I had a limit of 1500 they reduced it to 700 when i asked y they told me due to non use i ask them to put it back up and they told me that they could not my credit is better then it was when i got the card i am just po'd venting chase sucks i am writing the president of the company until he answers me it seems like they want me to be closer to my credit limit so that they can get fees i have the money to pay it off because i have been saving for a house i think i will just pay it but i am so mad i am still writing
You can thank Washington for this action. Seems their idea of controlling the banks is backfiring and it is affecting everybody. Chase and B of A have the worst record so far. They lower your credit limit knowing that this also lowers your credit score by changing your debt utilization ratio (how much of a balance you carry compared to your total line of credit. They also do it hoping you are not aware and go over your limit to collect hefty fees. The next big move by the banks will be a fee to have the account (many have started already) and many are calling to inform customers that they have the option of keeping the current over the limit fee, if a customer opts out of this now, they (the banks) have a right to increase this fee in the near future. You can file a complaint with the following organization. Perhaps if enough people get tired of being taken to the bank (pardon the pun) and file complaints, there may still be hope for those of us with good credit. Here is the link Report the credit card issuer to the Comptroller of the Currency. Phone number is 202-874-4700. Customer Assistance Group 1301 McKinney Street Suite 3450 Houston, minnesota 77010 FAX: 713-336-4301 Or you can file an on line complaint form at this web site
Lots of credit card companies are doing this right now. Unfortunately, we are just now starting to come out of a major recession. In other words, the economy has been really bad for several years now, and credit card companies are losing a lot of money due to people overspending on credit (because they do not have real cash right now) and not making their payments. The result is that many companies are beginning to lower limits to prevent people from borrowing too much money (which is ultimately what you are doing with a credit card) and not being able to pay them back for it. Even people with good credit are facing this dilemma, and if you have credit problems of any sort, it increases the chances that your limit will be, well, limited! Good luck writing your letter, though! It likely will not help due to the above situation, but it never hurts to give it a try. Make sure you word your letter in an academic and logical manner. Make an argument in your favor using the facts of the situation. If you just yell a lot and claim rights and entitlement that you do not necessarily have, then your letter will be ignored. That said, do threaten to take your business elsewhere. That is a legitimate punishment for poor customer service. Good luck!
Were you late in paying a payment? This could be why, but to be sure call and ask them why, and if any deduction would taken out of your checking account? You would need to deduct this from your checking account. Chase is a good bank and they were one of the banks that the government helped then they bought out Washington Mutual Bank I had an savings and checking account there too, then Chase paid the Government back and very few bank paid the thousands of dollars handed over back to the American Government. I too have chase as a bank, checking savings and investments. It is a very good bank and widely known, only they do charge customers for all of the services if you are not careful to keep track of all your charges they sure could add up quickly. By calling them as I mentioned you can get this corrected, chase bank employees are easy to work with and do help as much as possible. Best Wishes.
Many credit card companies are increasing interest rates, lowering limits, and even closing accounts. They are trying to limit their exposure to defaults. Apparently they reviewed your credit based on new standards and you are considered a higher risk. Best thing for you to do is pay off the card completely. Then only charge what you can afford to pay in full each month.
1) You are not entitled to a certain credit line. 2) The president od Chase will NEVER personally read or address your letter. He is a busy man with MUCH bigger priorities than someone who only had a $1,500 credit line to begin with. 3) How does having your credit limit lowered affect your ability to save for a house. If anything, they did you a FAVOR since you cannot get into further debt.
Actually, if you don't use the full 1500, then they can lower your limit to what you use. If you don't like the terms and conditions you are free to find another credit card company.
Quit using credit. If you play with snakes, you will get bit. There is always a means to an end. Stay away from credit cards, they just steal you money.
It sounds like your credit limit was lowered to protect you as a consumer. Perhaps they figured your card was lost because of non use. You can always call and ask to increase your limit. Just be happy you are not in debt 1500 to chase
Keep it lower so you don't get your self into more debt