Chase raising my minimum payment from 2% to 5%

Chase notified me that my minimum monthly payments would jump from 2% to 5% of current balance, effective August 2009.

Its a good thing that Chase wants me to pay off the credit card sooner but its just bad timing especially when am laid off and having to look for employment and trying to conserve my savings.

On A Good Note: The person I've lent the money is still on schedule to pay off the Credit Loan in the next few months.