Chase Credit Cards Just Forgave Millions of People's Debts.

JP Morgan Chase Posts Higher Than Expected Quarterly Profits

For real, millions of people with credit card debt to Chase, had their balances knocked down to zero and their debts forgiven. It's all part of Chase getting out of the credit card business in Canada.

Chase stopped issuing credit cards in the great white north in March 2018. But it expected their customers to pay off their balances they'd wracked up. Until they announced that all Canadian cardholders didn't have to pay them back.

 

According to the CBC:

"Chase made the decision to exit the Canadian credit card market," said Maria Martinez, vice president of communications for Chase Card Services. "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."

WHAT A GIFT!

 

Douglas Turner of Ontario, who owed more than $4,500 on his card, told the CBC. "I was sort of over the moon all last night, with a smile on my face. I couldn't believe it."

Others who had their accounts closed thought they'd missed a payment and were in credit trouble.

Came you imagine if you knew this was coming and you maxed out your card, only never to have to pay it back?

 
Woody and Jim

Woody and Jim

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