Jump to content

Please consider disabling your adblocker for CreditBoards if you have not already done so.  This site depends on advertising revenue to stay online.


jayk

Members
  • Content Count

    1
  • Joined

  • Last visited

  1. I have a Chase Freedom Visa that used to have 12000 limit. Chase sent me BT checks in the last couple of months, and I used it to pay off my BOA credit card balance by going to a BOA branch and making payment to my card using the BT check. The amount was 6000. I had paid off the Chase balance before the statement cut on 5/3, and the balance on the card at the time I used the BT check was about 300 bucks. Now that was Wednesday 6th, and today I checked out Chase website to see if the BT has posted, and I see that my credit line has become 1700, with a pending balance of about 6000, and available credit of 0. I called Chase, and I was told that my credit line was reduced on the 7th, and that I need to talk to another department if I want to ask just what the heck has happened, and I have to wait until Monday because that department is closed during the weekends. I have had this card since 2005, and I have never missed a payment, and I have always paid the balance in full since 2006. I have two other Chase cards (formerly WaMu cards), one with 2500 limit and 0 balance and another with 5500 limit and balance of 2360. Except for one major baddie (multiple delinquencies on a student loan in 2003 and 2004), my credit is clean. I have about 57000 available credit (well, before the 10300 cut by Chase) and about 11000 credit card debt. What should I do? I'm very concerned about Chase not honoring the BT check and returning that payment to BOA, because that would be considered as default by BOA and I don't want to think what that would do to my BOA account! I'll very much appreciate any advice on how to (or who to.. anyone know a secret number?) talk to Chase to deal with the problem. What a nightmare...

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines