Okay, so maybe that’s too harsh, but one of the definitions of rape, according to dictionary.com is “to seize, take, or carry off by force.”
I am in no way attempting to minimize the more widely used form of the word, but by this definition, Chase Bank is definitely raping me with their interest rates and it’s perfectly legal.
I have not been late and I have made more than my monthly payment on these two credit cards for at least 3 years now, but since Washington Mutual was taken over by Chase Bank, my interest rate shot up to 28%. I understand that my past credit history and the things that are currently going on in my financial life do not make me cardholder of the year, but I’ve been following the rules.
Initially, the credit limit was cut to almost putting me over the limit. Fine, I understand and was trying not to use the card anymore anyway, but the interest rate hike is directly hurting me.
No, I’m not in a position to pay off the cards. No, I’m not able to transfer the balance, and after speaking with the bank today, I cannot get a loan at this time to pay it off. For now, Chase Bank knows that I’m stuck. I have a sneaky suspicion that it’s some scheme to force me into ruining the few things I’ve been working on. They’re out to get me, you know. Right behind the boogey man.
The lesson I have learned is to have enough money to cover credit if I do need to pay it off quickly. At the end of the day, it’s my fault for being complacent about my credit, for using too much, for having a shady credit history and above all, for not making enough money. I’ve read through and researched all kinds of information regarding cleaning up credit and the bottom line is, it’s impossible to clean anything up if you don’t have…money.
Things aren’t as bad as they were in the past but I’m feeling smothered and anxious that it could. I’m treading water and getting just tired enough that the tiniest minnow could grab my toe and pull me under.
But as Dory says in Finding Nemo, “just keep swimming, just keep swimming…”
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[...] was the initial post about Chase Bank which defends my use of the word “rape”. Also, I may act like my experience with Chase [...]
[...] things haven’t been right with us, especially after I wrote the blog post claiming I was being raped by credit card. Our relationship has resembled a crappy high school relationship in a lot of ways. You don’t [...]