Chase Bank Announces Credit Card Debt Forgiveness To All Canadians

Submitted by MAGA Student

Posted 11 days ago

Whhhhhhat?

Chase said they will be forgiving all credit card debt for Canadian customers.


From Reuters:


TORONTO (Reuters) - A unit of J.P. Morgan Chase & Co has agreed to “forgive” the outstanding credit card debt of its Canadian cardholders as part of the U.S. bank’s move to exit the Canadian credit card market, the company said on Thursday.

Chase Bank, which is operated by JP Morgan Chase, announced in January 2018 that it would close all credit card accounts in Canada on March 15 of that year. At the time, customers were required to continue making payments on their accounts.

The bank declined to say when it made the decision to write off the remaining debt. The Canadian Broadcasting Corporation quoted some customers as saying they received letters from the bank this week informing them of the decision.


Read more @ reuters.com



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