Community Chat

[Anonymous032819]

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@Puppy Lips wrote:

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@Boehm Collector wrote:

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@Johnnyeager wrote:

I'll never understand why people get so angry when something like this occurs.  

Because they don't benefit, no one should?

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@Johnnyeager  ....   I only charge things IF I know I can afford to pay them off in full each month.  If I can't afford to pay it off , I either (a) don't buy it or (b) wait until I have enough money to pay for it in full.  So, yes, it makes me angry that people in Canada who have balances on their Chase Cards don't have to pay it back. (BTW, I am not in Canada).   It is unfair to those in Canada who paid their balances in full each month.  What is Chase doing for them??? 

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@Boehm Collector It is the same old story.  People who are responsible do not get any breaks.  From a previous post, it sound like the credit card holders could not pay off their existing balances in 17 months.  They were overextended and Chase figured they either would not get the rest of their payments or it was costing too much to deal with it.  I guess the only benefit to being and acting fiscally responsible is being able to sleep at night.

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Don't make assumptions about other people's financial situations that you know nothing about.

[sidsmom]

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@Puppy Lips wrote:

I guess the only benefit to being and acting fiscally responsible is being able to sleep at night.

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For 99.999999% of the World’s population,

that’s all we need to live a pretty fulfilling life. 

No sense pining over what coulda-woulda-shoulda happened.

Lots of wasted energy.  Racehorses never look back. 

[Carmie]

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@Boehm Collector wrote:

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@Johnnyeager wrote:

I'll never understand why people get so angry when something like this occurs.  

Because they don't benefit, no one should?

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@Johnnyeager  ....   I only charge things IF I know I can afford to pay them off in full each month.  If I can't afford to pay it off , I either (a) don't buy it or (b) wait until I have enough money to pay for it in full.  So, yes, it makes me angry that people in Canada who have balances on their Chase Cards don't have to pay it back. (BTW, I am not in Canada).   It is unfair to those in Canada who paid their balances in full each month.  What is Chase doing for them??? 

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Chase is not doing anything for anyone, but themselves.  It is way less expensive for them to just close up shop and leave than to stick around and pay rent and salaries to collect debts.

It's a business decision that will save Chase billions of dollars.  Chase is only concerned with their bottom line.

[FrostyBabe1]

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@Puppy Lips wrote:

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@Boehm Collector wrote:

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@Johnnyeager wrote:

I'll never understand why people get so angry when something like this occurs.  

Because they don't benefit, no one should?

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@Johnnyeager  ....   I only charge things IF I know I can afford to pay them off in full each month.  If I can't afford to pay it off , I either (a) don't buy it or (b) wait until I have enough money to pay for it in full.  So, yes, it makes me angry that people in Canada who have balances on their Chase Cards don't have to pay it back. (BTW, I am not in Canada).   It is unfair to those in Canada who paid their balances in full each month.  What is Chase doing for them??? 

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@Boehm Collector It is the same old story.  People who are responsible do not get any breaks.  From a previous post, it sound like the credit card holders could not pay off their existing balances in 17 months.  They were overextended and Chase figured they either would not get the rest of their payments or it was costing too much to deal with it.  I guess the only benefit to being and acting fiscally responsible is being able to sleep at night.

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So, clearly you don't understand sound, typical business practices and princples and would much rather wallow in your righteous indignation than consider the logic behind it. Got it. 

[Puppy Lips]

Never said I did not understand why Chase did this. But I don’t understand why people would be comfortable being bailed out. But I guess you would take the hand out, so good for you.

[Anonymous032819]

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@Puppy Lips wrote:
Never said I did not understand why Chase did this. But I don’t understand why people would be comfortable being bailed out. But I guess you would take the hand out, so good for you.

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And you would deny everyone a handout of any kind, simply because you didn't get one.

[FrostyBabe1]

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@Puppy Lips wrote:
Never said I did not understand why Chase did this. But I don’t understand why people would be comfortable being bailed out. But I guess you would take the hand out, so good for you.

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You have absolutely no idea at all what my finances are, what I would or would not be comfortable doing and I resent like heck your assumptions. But hey, enjoy your self supposed moral superiority. Even better, JPM closed at around $104 today. Buy a share, go to the annual meeting and express your displeasure. 

[Puppy Lips]

All I have EVER said, is that I think people should pay their self imposed obligations. Apparently some of you think differently.

[Anonymous032819]

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@Puppy Lips wrote:
All I have EVER said, is that I think people should pay their self imposed obligations. Apparently some of you think differently.

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And I'm sure that people were doing that when Chase granted them this "gift".

[sidsmom]

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@Puppy Lips wrote:
All I have EVER said, is that I think people should pay their self imposed obligations. Apparently some of you think differently.

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That’s what credit cards are...debt.

And the majority of people pay it back. 

The ‘self-imposed obligation’ could be anywhere from the

first day of their statement to the last day their bill is due. 

That’s roughly 60 days Chase debt forgiveness happened. 

All without skipping a beat.