Christopher of Milton, WI October 28, 2009

About 2 weeks ago, my wife recieved purchase checks from her Chase Credit Card account to use to make a major purchase, or pay off other debt to consolidate bills. We opted to consolidate other credit cards and get a few things for the house. She had a 10,300 limit, and even with the balance that was on the card (3600), was well under the limit. She wrote a check for 3160, and deposited it into the bank. Needless to say, they contacted her this morning (10/26/2009) to tell her they weren't honoring it, and they were lowering her limit.

In the eight years of having that account, she has never had an overlimit or late payment. We are currently trying to stop payments on everything. Some are already being processed, which makes it even worse. The overdraft fees from the bank, and late/returned fees from the other credit cards services are/will be incredible. How can they do this? Between us, we both have Chase, and former Washington Mutual accounts , which we will be closing. The sad part is, she talked to them prior to putting the check in the bank, and they were fine with it being used for this purpose, and amount.