We read this from other sources last week, but now venerable news source Bloomberg confirms. This is news of biblical scale (customary to forgive debt among Hebrews every seven years.)
“Financial institutions are capable of forgiveness,” letters to cardholders confirmed.
All card carriers have received their good news letter. The card is no longer available or active in Canada; however, the balances owed by all was brought to zero.
This morning Bloomberg correctly reports (Fair Dealing Act, Fair Use Act):
Paul Adamson was paying his bills online last week when he came across something curious — the balance on one of his credit cards was wiped clean.
After noticing that his bank had removed the Chase Bank credit card from his list of payees, he phoned both and got a delightfully unexpected answer from the customer service agent.
“She said, `Actually, you owe no balance,”‘ said Adamson, 43. The southwestern Ontario resident said he should have owed about $1,645.
“I was a little confused and kind of skeptical at her response,” he told The Canadian Press.
But a letter from the credit card issuer a day later confirmed that financial institutions are capable of forgiveness.
What do you Wedgees now do with this information? We can only imagine.