[quote=sdrealtor]My experience with Chase has been the same. They are the most ornery and diffuclut to deal with. I have had several clients with very legitimate hardship gets screwed by Chase. People at Chase have lied to us and clients more times than I can count.[/quote]

In short sales, I could see how Chase could be disoriented (have a “RH/LH” problem). They inherited option arms, 5/1’s and 3/1’s from WAMU and also a few from WAMU’s predecessor, Great Western FSB. I don’t feel sorry for them because I have no doubt they got a great deal of underperforming and nonperforming loans at more than 50% off when their “takeover/merger” occured.

As to unsecured loans and CC debt, Chase has a *fleet* of contracted attorneys in both SD and LA that do nothing but file and serve small claims and superior court lawsuits all day on delinquent SBA borrowers and credit card holders (I feel deserved). Not only did they get all of WAMU’s cardholders, they also took over Capital One’s cardholders about 3-4 years ago and probably acquired most of this debt for pennies on the dollar, too.

As flu previously mentioned on this thread, it will all come out in the wash. There is no more bottomless ATM. A consumer living on mostly credit can no longer have their cake and eat it, too. BK reform has seen to that.

OTOH, I think it is REALLY SAD for a consumer to have SO FEW CHOICES when seeking any kind of loan or CC. I hope we don’t end up with just one bank to “choose from,” the Bank of USA.gov!