Menu
For Business Write a review File a complaint
CB Banks JPMorgan Chase 111 Newtown Road, Danbury, CT, 06810, US
JPMorgan Chase company logo
JPMorgan Chase
reviews & complaints
JPMorgan Chase company logo

JPMorgan Chase

111 Newtown Road, Danbury, CT, 06810, US
Learn how the rating is calculated
1 complaint
File a complaint Write a review
Phone number
Category
Working hours
Mon
8:30 am - 6:00 pm
Tue
8:30 am - 6:00 pm
Wed
8:30 am - 6:00 pm
Thu
8:30 am - 6:00 pm
Fri
8:30 am - 6:00 pm
Sat
9:00 am - 2:00 pm
Sun
Closed
ComplaintsBoard
Z
1:00 pm EDT
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.

JPMorgan Chase - bait & switch refi rates

Bait & switch! Chase bank mortgage loan officer locked a 4.25% rate with a 1/8 pt back to us on a 5/1 arm on july 26, 2009 after we paid what they required — a $750 application fee which they said was non-refundable, but we were not worried as we were "pre-approved" (We should have realized it was a scam at that point — but chase bank?).
After repeated verbal "you're pre-approved" and after all our documents had been in their possession for over 45 days, chase finally returned our call on october 8, 2009 (2.5 months had elapsed with their loan officer telling us we were "pre-approved" repeatedly) to tell us that we could not have the 4.25% rate 5/1 arm based on our documents, but they were offering us a 30yr fixed loan at 5% — bait & switch! A difference of approx. $150/mo.in payment!

Shame on them! This is not what president obama intended for banks to do with his consumer oriented banking assistance!

Everyone interested in a class action law suit against chase bank for similar behavior please email me at [protected]@hotmail.com. I will be looking into hiring an excellent attorney as well as sending this scam information to fannie mae, freddie mac and president obama officials to look into chase's greedy and very likely illegal actions.
Zully s. — danbury, ct

Read full review of JPMorgan Chase and 1 comment
Resolved

The complaint has been investigated and resolved to the customer’s satisfaction.

Hide full review
1 comment
Add a comment
M
M
M.stern
North Haledon, US
Aug 31, 2010 9:52 am EDT

I am having the same issue with Chase, not to mention their futile attempts at processing application. Many careless errors and client service that seems like they dont care. I am building a case to present to the Department of Banking and Finance in Trenton NJ as well as the better business office and consumer affairs.

Giving a Voice to Consumers

We support genuine feedback

At ComplaintsBoard, we know how real consumer issues matter. Our platform is a special place for honest opinions, where people share their reviews openly and honestly, whether good or bad.

We are committed to authenticity

Our team checks each complaint or review thoroughly to confirm that each one comes from a real customer experience, keeping our platform trustworthy.

We prefer proof

We're totally cool with complaints, as long as you've got some evidence to back it up. Whether it's a photo, a detailed story, or documents, providing evidence makes your complaint more believable and helps others make smart choices.

We’re all about conversations

ComplaintsBoard is more than just a place to share complaints; it's a community where we talk things out fairly. We welcome reviews that not only point out problems but also mention any positive experiences, giving a balanced view.

We are open to everyone

We're dedicated to providing a fair and unbiased platform for all complaints. Every complaint is important to us, no matter what it's about, ensuring your concerns are heard and respected.