Complaint / review text:
I had a late payment with Chase over a year ago so they raised my interest to 29.24%. This was killing me.in order to make the payment I had to charge more and the more I charged the larger my payment got till it was over $500 a month with as little as $140 going to the principal. Every month I made a payment I would call and ask if Chase would please lower my interest rate. The answer was always the same, you do not qualify.
I have great credit other then maxed out cards due to this bill. I finally could not deal any longer, I'm already working 2 jobs so I got a second mortgage. I paid Chase off but due to the 3 day recision in Florida on second mortgages my payment to Chase was a few days late. I got hit with a $39 late fee plus interest of A$328.60. I now owe Chase $367.60. I once again called Chase and asked them to lower my interest and again they said I did no qualify. I asked for a supervisor and got Steve King who also said I did not qualify as I was late and over the limit. I was over the limit by $47.10. Well chase hit me with a $39 fee plus they owed me a refund of $11.99 & $. 61 that comes to $51.60 so due to their fees and not removing the credits first I'm over the limit in their view.
At this point I owe Chase only $367.60 which is all interest and they are going to charge me 29.24% interest on interest. I will fight this all the way to the top.