Hosed by the credit card company????

This is a discussion on Hosed by the credit card company???? within the Off Topic & Humor Discussion forums, part of the The Back Porch category; Just want your opinions if I got hosed. Wife's credit card bill comes due, statement reads New Balance-$1200.00 Minimum payment $15.00 Due Date Feb. 03, ...

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Thread: Hosed by the credit card company????

  1. #1
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    Hosed by the credit card company????

    Just want your opinions if I got hosed.

    Wife's credit card bill comes due, statement reads New Balance-$1200.00 Minimum payment $15.00 Due Date Feb. 03, 2010


    Wife decides to pay it off, sends them a check for $1,200.00 they receive it Feb. 1, 2010 We get a bill today for $2 and change---they call it finance charge. Whats up with that. We paid the new balance in full, and they received it before the due date.

    Who is right, do I owe, or are they "reproducing" me???


    Z


    Z
    An ounce of lead is worth 200lbs of cop.

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  3. #2
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    What does the fine print in the credit card agreement say? That'll be the controlling document.

    I don't understand the $2, but it not my credit card.

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    Senior Member Array jca1's Avatar
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    interest accrues daily, so from the day the statement was printed to the day the monies were received it accrued some interest.
    If I gave a crap about what you think about my guns.....it was early this morning and I already flushed it!

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    Member Array reyno2ac's Avatar
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    My girlfriend ran into the same problem. We ended up canceling the card and sending in a couple extra dollars just to avoid ever hearing from them again. Good luck.

    Credit Card Companies =

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    Got hosed!!

    Quote Originally Posted by SleepingZ View Post
    Just want your opinions if I got hosed.

    Wife's credit card bill comes due, statement reads New Balance-$1200.00 Minimum payment $15.00 Due Date Feb. 03, 2010

    Wife decides to pay it off, sends them a check for $1,200.00 they receive it Feb. 1, 2010 We get a bill today for $2 and change---they call it finance charge. Whats up with that. We paid the new balance in full, and they received it before the due date.

    Who is right, do I owe, or are they "reproducing" me???
    Z
    Z
    Technically you probably got treated however your contract says you should be treated, but that doesn't mean you didn't get hosed.

    Some of those card companies are pretty much slime-- others not so much. Congress doesn't have the will really do reform. Oh they have made changes which go into effect this month, but the companies are already finding ways to run around the new rules.

    The real problem stems from a SC ruling years back which was off base. Prior to that ruling each state could enforce its own usury laws. After, the law of the state in which the card company is headquartered became controlling. What that allowed to happen is for ONE state to abolish their own usury laws, thus attracting the credit card companies and JOBS, to an otherwise almost uninhabitable part of the country. Great for one of the Dakotas, bad for the rest of us.

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    You can thank the Government. The new credit law they passed changed how credit card companies can charge you. It's the new way of doing business.
    Mark Twain:
    The government is merely a servant -- merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a
    patriot and who isn't. Its function is to obey orders, not originate them.

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    VIP Member Array dukalmighty's Avatar
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    My credit card company gets paid online and before due date,I never get rode for xtras
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    --Mayor Marion Barry, Washington , DC .

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    Member Array CBXMan's Avatar
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    Did you pay the bill in full the previous month? If not you would have owed some interest on any remaining balance. I screwed up one time and got the last two numbers backwards and had to pay some interest. For example, my bill was 345.86 and I sent them 345.68 which meant I was 18 cents short, so the bill wasn't paid in full.

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    VIP Member Array wmhawth's Avatar
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    Hosed by the credit card company????

    --------------------------------------------------------------------------------

    Just want your opinions if I got hosed.
    You're dealing with a credit card company. Of course you got hosed.

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    Member Array Ghuqu2's Avatar
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    Call, talk nicely to them and see if they would remove the charge for a valued customer. Many times a quick call works. Just remember more flies are caught w/ honey then vinegar.
    "The millions of people, armed in the holy cause of liberty, and in such a country as that which we possess, are invincible by any force which our enemy can send against us." Patrick Henry 1775

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    VIP Member Array paramedic70002's Avatar
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    Pay the $2 and be happy your credit is still good.
    "Each worker carried his sword strapped to his side." Nehemiah 4:18

    Guns Save Lives. Paramedics Save Lives. But...
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  13. #12
    Member Array monk's Avatar
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    Bottom line make all your payments in full / no mistakes / BEFORE on time.
    Pay the $2 , and look at it as a fee for learning what dealing with people that care more about a dollar than ethics is like. If we don't learn from our mistakes......etc;etc.
    Chinese Proverb:
    "When someone shares something of value with you and you benefit from it, you have a moral obligation to share it with others."
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    Quote Originally Posted by monk View Post
    Bottom line make all your payments in full / no mistakes / BEFORE on time.
    Pay the $2 , and look at it as a fee for learning what dealing with people that care more about a dollar than ethics is like. If we don't learn from our mistakes......etc;etc.
    If you read my thread, the payment was in their hands 2 days early, they never said we were late. The payment was in full, to the exact penny.

    I called the company, talked to someone from a different planet, he spoke Marnishin he didn't know anything.

    I did not ask that they remove the fee, I thought he may have offered to do that. We mailed the $2 to them today. We have excellent credit, and won't tarnish it over $2, just won't use that card anymore.

    Z
    An ounce of lead is worth 200lbs of cop.

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    A lot depends on the credit card company. I dropped my Harley Davidson VISA for similar reasons.

    On the other hand, I was once late for a payment on my AMEX a few years ago. They called me (I was on vacation and simply forgot) to see if everything was okay. Since I had the card for over 20 years and never missed a payment, they took the charges off!
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    Quote Originally Posted by SleepingZ View Post
    If you read my thread, the payment was in their hands 2 days early, they never said we were late. The payment was in full, to the exact penny.

    I called the company, talked to someone from a different planet, he spoke Marnishin he didn't know anything.

    I did not ask that they remove the fee, I thought he may have offered to do that. We mailed the $2 to them today. We have excellent credit, and won't tarnish it over $2, just won't use that card anymore.

    Z
    Here's the thing - the payment due date is a few days after the statement period ends.

    So for the couple days between the end of the statement period and the date they receive the payment, they charge you interest on the balance.

    Happened to me when I paid off a couple cards as well. It's just their way of sticking it to you one last time

    MAtt
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    Blame it on Sixto - now that is a viable plan.

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