I'm getting charged a $39 late fee (which I am refusing to pay or they'll lose my business) because the payment that I made EARLY posted less than 24 hours before the end of the previous "statement" period, so it applied to the balance but not to the "minimum balance due" for the next month. So I'm being penalized for their technicalities. This is about the 5th or 6th time I've had problems because of how long it took them to post my electronic payments!!! One time I requested it 3 days before my due date and it posted an hour after midnight on the due date and was "late". And don't forget the time when their system was down for a week and a half, conveniently right over my due date, so I wasn't able to log in and make the payment on time, so I called them before my due date and made sure they didn't charge me for their errors.These people have not gotten any late fees out of me yet and they're not gonna. Who else is fed up with their BS and wants to vent??!!?!
2006-09-27 16:56:05 · 6 answers · asked by Killer Curvz 5 in Business & Finance ➔ Credit
I haven't left it till the last minute in a long time, this time I was penalized for paying it early!!! They did waive the fee without a problem and even offered to reduce my interest rate to 2.99 for 9 months and then prime +4 after that. Not the best deal after 9 months, but considering I rarely leave a balance on there over the grace period not too shabby considering my individual lack of a credit history (due to age).
2006-09-29 08:44:12 · update #1
This has been my argurment forever! I have paid significantly larger amounts than the minimum balance due and actually paid more than once in a month or got caught between that period where the statement closes and the next one opens. So if you bill is due on the 9th...you paid it on the first, and then make a payment on the 10th, you still need to pay for the next month. It gets me so annoyed...its like being penalized for good behavior!
I follow my dads rule...don't pay late fees, ask to speak to someone who is able to make decisions, if they refuse to remove it threaten to cancel your account, and then...they will remove it.
Not all companies are like this...Sears is nice, they actually give you months off for good behavior, and Dell is the only company that I have ever seen that forgives small ballances. I ended up having a dollar and change balance with them twice, and twice the forgave it without me even asking...I guess they are smart enough to realize it actually costs them more to bill me for a dollar than to let it go.
I really find one of my genius credit card companies hilarious, because in signing up for electronic payments, and electing to not recieve a monthly statement, the cut $5.00 from my bill...BUT every month, for over a year, they send me the same letter reminding me that I can check my bill online...so much for them saving postage!
Goodluck - don't pay late fees!
2006-09-27 17:12:42 · answer #1 · answered by Anonymous · 1⤊ 0⤋
They will usually waive the fee based on your good payment history, be nice and ask. In the future don't leave it to the last minute
2006-09-27 23:59:18 · answer #2 · answered by lobo 4 · 1⤊ 0⤋
One reason I closed out numerous credit cards.
I had one that would post payment two days after the due date.
i even had evidence that they received it 7 days before.
Once they refunded everything, the card was melted and returend to them
2006-09-27 23:57:45 · answer #3 · answered by Anonymous · 2⤊ 0⤋
Life is too short for this, & I don't doubt you have some financial goals you'ld like to be saving for, even if only the one we all have - retirement.
Cut them up. Pay them off. Do yourself a huge favor.
Credit cards are short term pleasure & long term misery.
Good Luck!
;-)
2006-09-28 00:01:41 · answer #4 · answered by WikiJo 6 · 0⤊ 0⤋
I have more important thing to concern myself with and you probably do as well. Give yourself more margin, plan better, and move on with your life. Ever hear of diminishing returns. Look at how much time you spend on a problem in terms of how much you make an hour.
2006-09-28 00:02:46 · answer #5 · answered by profitmessenger 2 · 1⤊ 1⤋
pay the fee, pay off the whole card, cut it up, throw it away. lesson learned.
you don't need to card or the aggravation.
2006-09-27 23:58:01 · answer #6 · answered by Anonymous · 1⤊ 0⤋