Artemk

I agree, while it does not matter to your credit score, you should move UR points out.

I can see for miles

OK, I'm curious enough to ask: How did you hold Jamie Dimon accountable?

garykung

Make a complaint through Investor Relations. I was a shareholder at that point.

(Regardless how large or small quantities shares you have, your shares always have a higher priority than those Jamie Dimon has and he works for you.)

prestonv

Unless the company has different classes of shares, all shares have the same "priority". Since Dimon probably has more shares than you he has more influence than you in any shareholder vote.

Dimon actually works for the board of directors (they can hire/fire him and determine his compensation). The board represents you, along with all other shareholders. And I'm sure that "Investor Relations" has absolutely no operating authority to do anything other than arrange for coffee and donuts at the annual shareholder meetings.

tennster

skibum7732

...and thats how you waste your time with absolutely no adverse affect on him, nor help the situation in any way

skibum7732

I would add 10-15 years to that and you might get lucky, but in 1 year you do not stand a chance in hell

garykung

He has no vote. Otherwise, any CEO can counter a vote of non-confidence easily.

He does work for shareholders.

1. Even he is a CEO, he is still an employee.

2. The Board, on behalf of shareholders, hires him.

3. Shareholders own the company.

I am sorry, but that's old news for years.

It will not happen, as it has happened.

FWIW - I did get my friend off from blacklist, confirmed by his office.

If you say wasting time, your post is truly one of those wasting time as it will not help the situation anyway

iruvmattree

Yeah, it was a lot of MOs. Thing is I only put them into my personal account but they also closed my business account (which was 100% legit). I've transferred out all my URs, although I've heard they usually give you a month to transfer before shutting down CCs.

I've decided to let the CCs stay open for now and if they shut them down then so be it :'( I've read on credit boards that it doesn't matter much who closes the account.

pstravels

God this is scary...I better cool it. Thanks for the information guys.

pstravels

has anyone been banned for too much credit. I have amid 700 score. Opened a dozen new cards in last 6 months. 3 with chase!

I plan to tone it down. I am scared though. Should I call chase and ask to lower my credit limits? They account for nearly 40% of my aggregate credit limit.

Slickw

There are reports scattered throughout the boards that opening too many cards in a short period of time has led to account closures. There are several factors involved such as average age of accounts, payment history etc. that allow some to be more aggressive than others with getting new cards, but I think your are right to slow down now. I'm not sure if proactively reducing your credit lines will help. But not applying for any new cards and spending more time reading the threads here would be a good idea. You mention your score is 700. You do realize there are three different credit bureaus each with different scoring criteria, right?

rrgg

I would not lower the credit line. There are reports that banks look at the line you have at other banks and want them in line with each other. (No hard evidence really.)

augustus21

You're right. I asked Chase for a $20,000 credit line bump because the CSP is my main credit card. They said that they weren't comfortable doing so until other cards reached a similar credit line. In other words, they didn't want to be the first bank to raise one of my limits that high. Although...they did raise it 6 months later automatically

jackstraw22

I think I just got off the Chase blacklist. I had an issue with a couple of Washington Mutual cc's back in 2007. Chase bought their debts and blacklisted me. I eventually settled for about 20-30% of the original debt. Last year I applied for the Sapphire card and was denied. I called the recon line and explained the issue with WM and how my credit has been perfect since(currently 751). I also have a Chase checking account with direct deposit and a Chase car loan. I explained that I wanted to continue my good relationship with Chase. The recon agent put me on hold and still denied me, but told me they liked the direction my credit was heading but that they wanted to see some credit cards on my report with at least an $8K limit. I just applied for the Freedom card and got the Pending notice. I called Recon expecting to have to go through the same spiel. This time they asked why I had opened so many cc's in the past year(10 cards with various banks). I told them those were all airline and hotel cards because I travel a lot for work and liked the benefits. Then they asked why my Capital One card was almost maxed out. In actuality I just did a balance transfer last week and that card is now at $0, which hadn't yet shown up on their system. They put me on hold again and came back and approved me for a $3K CL. They never brought up the prior issues I had with the Washington Mutual/Chase CO's. So hopefully the Freedom card will be a stepping stone to some other Chase cards.