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Chase Bank forgives all credit card debt for Canadian customers

By: Beldin in POPE 5 | Recommend this post (3)
Fri, 09 Aug 19 10:49 PM | 38 view(s)
Boardmark this board | Pope 5

Msg. 37566 of 62138
Jump:

Huh? Why do I have this funny feeling that somehow I'm gonna end up paying for part of this, eh?!

http://www.usatoday.com/story/money/2019/08/09/chase-bank-canada-forgives-all-credit-card-debt-customers/1964419001/

Canadians who had credit cards with Chase Bank can breathe a sigh of relief as the company says it will "forgive" all outstanding debt.

Chase Bank, part of the New York based JPMorgan Chase & Co., closed all credit card accounts in the country in March 2018, the company said.

Originally, customers were told to continue paying their debt, Reuters reported, but the company confirmed Friday to USA TODAY the debt was now cancelled.

"Chase made the decision to exit the Canadian credit card market. As part of that exit, all credit card accounts were closed on or before March 2018. A further business decision has been made to forgive all outstanding balances in order to complete the exit," Maria Martinez, vice president of communications for Chase Card Services, said in a statement. ...

The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence

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