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Tuesday, August 13, 2019

Chase Bank Forgives "All Outstanding Credit Card Debt" For Canadian Customers

In a shocking move, Chase Bank announced on Thursday that it was going to be forgiving all outstanding credit card debt from its Canadian customers, according to Yahoo Finance. The bank closed all of its credit card accounts in Canada back in March of 2018.

When the accounts were initially closed, customers were told to continue paying down their debt. Now, they're being told by the company that their debt is cancelled. CBC talked to some customers who got letters from the bank this week.

Douglas Turner of Coe Hill, Ontario, who still owed about $4,500, said:

"I was sort of over the moon all last night, with a smile on my face. I couldn't believe it. It's crazy. This stuff doesn't happen with credit cards. Credit cards are horror stories."


Anonymous said...

How about USA

Anonymous said...

Chase Bank can take the largest powerball payout in history like it's a kid depositing his $50 in a local bank.There you go,financial advice for free if you ever win the powerball.Just fill out a deposit slip and sign the check and you're off to the races.

Anonymous said...

Chase doesn't have to worry about paying off mine. I NEVER HAD A CHASE CARD. NEVER WILL. ANOTHER ANTI-AMERICAN BANK!!

Anonymous said...

I think I may be identifying as Canadian for a short period of time, eh?

Anonymous said...

Identifying as Canadian... there's something to think aboot!

Anonymous said...

It was not out of the kindness of their hearts, there is an underlying issue or ulterior motive. I am sure there is a law or lawsuit in there somewhere.