Conspiracy

Today my wife received a solicitation from Chase for a credit card.

After talking about all the great things they were going to do for her, they got down to the real nitty gritty:

"Your account will not be in good standing if any loan or account with us or any other creditor is past due..."

Now, I ask you, what difference should it make to Chase if my wife pays her other accounts or not?

I can only think of two valid reasons for this stipulation:

1. It forces cardholders to pay other creditors even if they disagree with the charges or question something. Good for all creditors but very bad for all debtors.

2. It is a great way to raise a cardholder's interest rate and blame them for the action.

From my perspective, no matter how you look at it, it is a conspiracy, plain and simple.

Isn't there a federal law against this type of collusion?

Enjoy.

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