💳 Canadian Chase Bank customers 💳 - Page 2

chrystaltree · ‎05-10-2010

That's amazing. I'm sure there are some very happy Chase credit card holders up North. I think that it's would be too expensive and cumbersome to do the collection and this is being reported everywhere Chase is getting a ton of positive free publicity.

halfpint1 · ‎03-10-2010

Chase has my Visa but I pay it off every month.

FrostyBabe1 · ‎05-09-2016

@chrystaltree wrote:
That's amazing. I'm sure there are some very happy Chase credit card holders up North. I think that it's would be too expensive and cumbersome to do the collection and this is being reported everywhere Chase is getting a ton of positive free publicity.

Not only this, but they'll have various options (depending on their accountant's opinions) on how to maximize the write down of the debt to get the greatest possible tax advantage. Reduce costs, reduce receivables (which decline in value over time), reduce taxable income = favorable results for their shareholders.

~The more someone needs to brag about how wonderful, special, successful, wealthy or important they are, the greater the likelihood that it isn't true. ~

millieshops · ‎03-09-2010

@MamaWickWe'll see soon enough if it's lawsuit material. Might depend upon whether Chase is leaving the credit card business in counries besides Canada. Or on how the business is incorporated in various countries. I just know I haven't heard a peep about that for my card.

I did see a comment from one young woman who had been paying off her Chase debt; I forgeyt exactly how she worded it, but she felt as if she were being irresponsible in accepting the Chase deal. I doubt lots of the debtors feel like she does.

GCR18 · ‎07-03-2013

I'm in Canada now. It was on the news the other night. They interviewed a man who received a letter from Chase saying his debt was erased. I think it's great. When does the little guy get a break like this.

sidsmom · ‎11-25-2011

Dang.

Canada gets all the good stuff.

They’re are so polite, they have handsome Justin Trudeau,

funny McKenzie Brothers, SCTV and CC debt forgiveness.

But the weather thing is a bummer, tho....

Spurt · ‎03-20-2010

But ya knowing the saying.....to paraphrase Mike Rowe's show, "Somebody's gonna pay for it!"....Whether its the Canadian taxpayers if Chase takes advantage of a Canadian tax break, OR their Chase based U.S. customers if the tax breaks dont take care of all the financial losses associated with this.....

Animals are reliable, full of love, true in their affections, grateful. Difficult standards for people to live up to.”

Pook · ‎03-20-2010

I would think that it's cost more to keep those accounts on their system than to write them off.

SuhseK · ‎08-19-2018

@Pook wrote:
I would think that it's cost more to keep those accounts on their system than to write them off.

--------

I think, you're nail on the head.
Giant corporations, do not do things like this, out of the kindness, of their hearts!

I was shocked by the post, where, someone said, a customer felt irresponsible, accepting the offer. HUH?? She didn't ask for debt forgiveness; this was a corporate decision.

Accept your good fortune graciously!

alarmclock · ‎06-12-2010

@MamaWick wrote:
I read the story. If this is true, it's a lawsuit waiting to happen with non-Canadian card holders. You can't do for one and not for others.

Sorry but you are mistaken.