Comments on: Does Your Bank Really Want To Help You? http://blog.hsh.com/index.php/2009/04/does-your-bank-really-want-to-help-you/ Things you should know about consumer news and finance. Thu, 09 Feb 2012 13:21:21 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: ace http://blog.hsh.com/index.php/2009/04/does-your-bank-really-want-to-help-you/comment-page-1/#comment-18089 ace Sun, 02 Aug 2009 04:09:45 +0000 http://blog.hsh.com/?p=3514#comment-18089 Banks are not interested in keeping your money safe. The only thing they're interested in, is picking your pockets. Banks are not interested in keeping your money safe. The only thing they’re interested in, is picking your pockets.

]]> By: Tim Manni http://blog.hsh.com/index.php/2009/04/does-your-bank-really-want-to-help-you/comment-page-1/#comment-16531 Tim Manni Mon, 20 Jul 2009 18:03:02 +0000 http://blog.hsh.com/?p=3514#comment-16531 Alessandro, Unfortunately when any of us agrees to a credit card contract we're are agreeing to their terms as stated in the fine print. Those terms usually include their right to raise fees and rates whenever they please. Since the card companies are giving you 2-4 weeks notice that they are raising your rates, that should be enough time to stop using the card, cancel it and find a new one. Thanks for commenting, Tim Alessandro,

Unfortunately when any of us agrees to a credit card contract we’re are agreeing to their terms as stated in the fine print. Those terms usually include their right to raise fees and rates whenever they please. Since the card companies are giving you 2-4 weeks notice that they are raising your rates, that should be enough time to stop using the card, cancel it and find a new one.

Thanks for commenting,
Tim

]]> By: Alessandro Machi http://blog.hsh.com/index.php/2009/04/does-your-bank-really-want-to-help-you/comment-page-1/#comment-16362 Alessandro Machi Mon, 20 Jul 2009 00:29:13 +0000 http://blog.hsh.com/?p=3514#comment-16362 Unfortunately Tim, the reform bill has had a huge impact by not starting as soon as it was passed. Unfortunately, there is no consumer right to opt out of any change in terms, this makes the reform bill only a shell of what it could have been. Does it really matter if the credit card company gives me 15 or 30 extra days to notify me that they are raising my rates? I would rather have the right to opt out and say no, lets keep the card agreement as we originally agreed to, and I'll stop using the card and continue to pay it off at the existing terms. I have uncovered a lot of bad things about the credit card industry and the badness seems to grow by the day. http://www.daily-protest.com http://www.bloggersagainstchasebank.com Unfortunately Tim, the reform bill has had a huge impact by not starting as soon as it was passed. Unfortunately, there is no consumer right to opt out of any change in terms, this makes the reform bill only a shell of what it could have been.

Does it really matter if the credit card company gives me 15 or 30 extra days to notify me that they are raising my rates? I would rather have the right to opt out and say no, lets keep the card agreement as we originally agreed to, and I’ll stop using the card and continue to pay it off at the existing terms.

I have uncovered a lot of bad things about the credit card industry and the badness seems to grow by the day.

http://www.daily-protest.com
http://www.bloggersagainstchasebank.com

]]> By: Tim Manni http://blog.hsh.com/index.php/2009/04/does-your-bank-really-want-to-help-you/comment-page-1/#comment-13825 Tim Manni Mon, 29 Jun 2009 14:51:50 +0000 http://blog.hsh.com/?p=3514#comment-13825 Alessandro, I think some people would agree that you're right. The new credit card reform is designed to halt deceptive and unethical practices by credit card companies -- we'll just have to wait and see if they work. My only argument that it isn't a crime would be that many credit card contracts state that the company reserves the right to do a lot without notifying the customer first. Do you believe the new reform will have much of an impact? Thanks for commenting, Tim Alessandro,

I think some people would agree that you’re right. The new credit card reform is designed to halt deceptive and unethical practices by credit card companies — we’ll just have to wait and see if they work.

My only argument that it isn’t a crime would be that many credit card contracts state that the company reserves the right to do a lot without notifying the customer first.

Do you believe the new reform will have much of an impact?

Thanks for commenting,
Tim

]]> By: Alessandro Machi http://blog.hsh.com/index.php/2009/04/does-your-bank-really-want-to-help-you/comment-page-1/#comment-13137 Alessandro Machi Fri, 26 Jun 2009 21:30:22 +0000 http://blog.hsh.com/?p=3514#comment-13137 If a bank proceeds on the notion that they can make more money by defaulting as many customers as fast as possible rather than by trying to help them, have they committed a crime? A crime such as treason against the citizens of the United States? If a bank can make more money by rejecting loans and reducing equity lines to ridiculously low levels, are they possibly committing a crime? Can the FBI look into this, please? http://www.daily-protest.com If a bank proceeds on the notion that they can make more money by defaulting as many customers as fast as possible rather than by trying to help them, have they committed a crime? A crime such as treason against the citizens of the United States?

If a bank can make more money by rejecting loans and reducing equity lines to ridiculously low levels, are they possibly committing a crime?

Can the FBI look into this, please?

http://www.daily-protest.com

]]> By: Alessandro Machi http://blog.hsh.com/index.php/2009/04/does-your-bank-really-want-to-help-you/comment-page-1/#comment-6195 Alessandro Machi Wed, 22 Apr 2009 18:24:04 +0000 http://blog.hsh.com/?p=3514#comment-6195 Hi Tim. Unfortunately, the media keeps coming up with other stuff to hype. Pirates, Barack Obama's Dog, the wonderful singer from England and on down the line. In the meantime Chase Bank spends a ton of money in California advertising their take over of WAMU bank. I miss those WAMU ads where they would make fun of all the other bankers that charge customers for every little thing. ----------------------- I must have checked my previous post a dozen times but I ended up leaving out the word asset, as in toxic asset. As in, "Did you know you are considered a toxic asset if you have if you have credit card debt and an interest rate under 10%." Hi Tim. Unfortunately, the media keeps coming up with other stuff to hype. Pirates, Barack Obama’s Dog, the wonderful singer from England and on down the line. In the meantime Chase Bank spends a ton of money in California advertising their take over of WAMU bank.

I miss those WAMU ads where they would make fun of all the other bankers that charge customers for every little thing.

———————–

I must have checked my previous post a dozen times but I ended up leaving out the word asset, as in toxic asset. As in, “Did you know you are considered a toxic asset if you have if you have credit card debt and an interest rate under 10%.”

]]> By: Tim Manni http://blog.hsh.com/index.php/2009/04/does-your-bank-really-want-to-help-you/comment-page-1/#comment-6176 Tim Manni Wed, 22 Apr 2009 16:34:05 +0000 http://blog.hsh.com/?p=3514#comment-6176 Alessandro, Credit cards are beyond a hot topic at this point -- the situation seems to be boiling over! Thanks for sharing those websites, I'll be sure to check them out, and yours as well. Thanks for commenting, Tim Alessandro,

Credit cards are beyond a hot topic at this point — the situation seems to be boiling over! Thanks for sharing those websites, I’ll be sure to check them out, and yours as well.

Thanks for commenting,
Tim

]]> By: Alessandro Machi http://blog.hsh.com/index.php/2009/04/does-your-bank-really-want-to-help-you/comment-page-1/#comment-6155 Alessandro Machi Wed, 22 Apr 2009 07:44:24 +0000 http://blog.hsh.com/?p=3514#comment-6155 Hey Tim, I broke a couple of stories that seem to be shocking people into actually mentioning them in the comments section of various banking and financial blogs. Did you know you are considered a toxic if you have credit card debt with an interest rate of under 10%. You can read about it at http://dailypuma.blogspot.com/2009/04/are-you-toxic-asset-you-may-be-toxic.html Did you know that at American Express is canceling frequent flyer mile cards from their best customers and the American Airlines is then repackaging those same stolen miles to Citibank for better loan terms. http://dailypuma.blogspot.com/2009/04/breaking-news-amex-and-citibank-have.html Please consider supporting http://www.daily-protest.com It is time for a team of real rivals when it comes to negotiating with the credit card industry. Hey Tim, I broke a couple of stories that seem to be shocking people into actually mentioning them in the comments section of various banking and financial blogs.

Did you know you are considered a toxic if you have credit card debt with an interest rate of under 10%. You can read about it at http://dailypuma.blogspot.com/2009/04/are-you-toxic-asset-you-may-be-toxic.html

Did you know that at American Express is canceling frequent flyer mile cards from their best customers and the American Airlines is then repackaging those same stolen miles to Citibank for better loan terms.

http://dailypuma.blogspot.com/2009/04/breaking-news-amex-and-citibank-have.html

Please consider supporting http://www.daily-protest.com

It is time for a team of real rivals when it comes to negotiating with the credit card industry.

]]> By: Tim Manni http://blog.hsh.com/index.php/2009/04/does-your-bank-really-want-to-help-you/comment-page-1/#comment-6127 Tim Manni Tue, 21 Apr 2009 16:02:12 +0000 http://blog.hsh.com/?p=3514#comment-6127 Hey Barbara, Thanks for the info -- I will definitely check out those sites. Perhaps it will make for a good blog post. I think you're are 100% correct in saying that unless something happens to you, it's impossible to truly understand what others are feeling. Thanks for commenting, good to hear from you, Tim Hey Barbara,

Thanks for the info — I will definitely check out those sites. Perhaps it will make for a good blog post. I think you’re are 100% correct in saying that unless something happens to you, it’s impossible to truly understand what others are feeling.

Thanks for commenting, good to hear from you,
Tim

]]> By: Barbara http://blog.hsh.com/index.php/2009/04/does-your-bank-really-want-to-help-you/comment-page-1/#comment-6126 Barbara Tue, 21 Apr 2009 15:47:18 +0000 http://blog.hsh.com/?p=3514#comment-6126 Hi Tim, I assume you know the whole Chase story. If you don't, here are a couple of sites where you can check it out... www.changeinterms.com and www.daily-protest.blogspot.com I think a lot of people to whom this didn't happen personally, don't really "get" the outrage that this group of Chase customers (myself included) feels. Hi Tim,
I assume you know the whole Chase story. If you don’t, here are a couple of sites where you can check it out… http://www.changeinterms.com and http://www.daily-protest.blogspot.com I think a lot of people to whom this didn’t happen personally, don’t really “get” the outrage that this group of Chase customers (myself included) feels.

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