Can we force them out of the US too?
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Damn it I just paid my card off
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Christmas in August!
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It's probably been bad debt for a while. For financial purposes, though, they didn't want to write it off since they lose an asset and probably hadn't properly reserved all of it. Chase'll take a one time hit to earnings and the balance sheet, blame it on China, then move on.
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They wanted to pull completely out of the Canadian market full stop. No negotiating and they said it would be cheaper to just forgive it. Trust me not a lot of chase cards here. .
End of conversation
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Cancel my debt too!!!’ Or at least lower the interest! Wait, no I guess my rate will now go up to cover the losses. Right?
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I wonder if their database got hacked or they lost the files/data and only option is to forgive!

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American company giving a break to Canada not America..
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Is it too late to do a "balance transfer"
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I identify as an Canadian NOW CHASE!!!
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Thanks
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This sets a wonderful precedent.
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I've been on the road to credit recovery for a bit now, I haven't had more than 1 CC for a long time. I wish this came along for me 4 years ago. There stock is still strong. -0.11% on the day. Guess well see what happens Monday. TBH I don't know anyone with a Chase Card Up Here.
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Hopefully there are a lot of canadians with debt to chase bank.
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Many debts could be forgiven every 7-10 years. Let people start from scratch and then contribute to the economy without the weight of excessive debts.
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Forgive us of our sins (debts).
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Translation americans will pay for it.
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Chase holds my car loan and a small card debt of aprox $3500. I signed up for the debt...so it is my obligation, but curious how Canadians got off?
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I guess cause they just printing money out of thin air and it costs money to hold so much lol Im sure the analysis made sense
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