Got my last statement and was quite surprised to see a Late Fee of $25 in
addition to the interest.
No one's fault but mine: I'm sure the Late Fee is called out in small print
on some contract that I didn't read and I'm sure that the last bill got
buried under a pile of diapers or accidently tossed aside, or perhaps pushed
behind the dresser by our toddler. So, my fault for missing the payment.
Funny me - I thought that's what interest was for.
I'll take away three things from this experience: There's a Lowes 100 yards
away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
card from now on; I'll ask about Late Fees next time I feel like opening up
an in-house card.
Some in-house CCs charge a late fee if not paid on the very day it's due.
Many Visa, etc, cards charge only after 10 days late (many, but not all).
Actually, in-house CCs are the only consume loan product I think I've ever
seen that charges for missing the due date by a day. Although I suspect
your bad-credit sucker rip-you-off Visa cards do that, too (you know the
ones, 23% interest, $250 charge to start, $7+/month account charge, and only
give you a $300 limit, then charge to increase that)
What's the difference between something that is due on the 12th and
something is due on the 12th+10. There is still a due date you have to
pay if by. And if you pay it 10 days late, that also means the next
payment will seem like it's due 10 days early.
On Tue, 23 Sep 2003 23:17:34 GMT, "Randy Chapman"
============================The Credit card bill that comes in the mail on Monday I pay on Tuesday..
WITH ONE EXCEPTION.... My Exxon credit card...!
Exxon/Mobile bills me the same day they receive my payment...
If I receive the bill today pay it tomorrow I will get another bill in
in the mail by the end of the week... SO I wait until a few days
before it is due then pay it... just saves stamps and checks... lol
When I was a young man (I am not now..lol) I used to pay my Sears bill
(you know the one where I had charged all those Crapsman machines to) at
the store itself on the day it was due... The Major reason was that it
gave me a chance to wander around the tool section and dream...(hey this
was in the early 60's and Crapsman was just about the only show in
town.. I was young ..I was dumb..and I had very little money
I did this UNTIL Sears "declared me a SLOW payer"
because I always paid late...seems they do not credot your payment until
it actually gets to their home office not when the local store receives
it... That was a Lesson I never forgot about "store issued credit
Even worse, some of the card issuers have added a new tactic :
they'll raise their rates to the max if you're late paying some other
Capital One is a case in point : they raised their interest rates from
9.9 to 27.,79 per annum because another card issuer noted a late
Cut the Cap One card up in itty-bitty pieces, even though it was a
nominal 9.9 per annum rate with a zero balance (that's the way I keep
all my credit cards - zeroed out)>
the dash plumber at mindspring dot com
I've got a capital one card and never have had a problem but since
credit cards are a bear trap with a hair trigger, I tend to over pay
so that they don't want me to pay them so I can't be late. Anyone
getting a bill with a payment required of 0.00 will understand.
Whiskey Echo Sierra Sierra AT Gee Tee EYE EYE dot COM
On Wed, 24 Sep 2003 15:58:49 -0400, email@example.com wrote:
True story. I once had to write Sears a check for $0.00 to get them to
stop dunning me. I had called, written and whined, but they had
finally turned it over to a collection agency. It took me years to get
that stupid non-payment thing off my credit record. IIRC I ended up
having to call each month and get them to remove the late payment fee,
but they still kept billing me the $0.00. Sometimes you wonder about
Well, my credit card has another limit -- if I wouldn't pull cash out of my
wallet or write a check, I don't use the card (except for emergency).
Therefore I pay off every month. I don't have to carry a lot of cash and
usually not the check book. The advantage of the credit card over a debit
card is that you have protection from misuse by other persons with a credit
Neither card prevents you from being stupid -- only you can do that.
Ayup. Most important, places that would require three forms of ID -
including a credit card - to cash a check, take the plastic willingly. They
pay a price for the security of knowing they will be paid, you pay a price
for the convenience of underpaying. The card company takes the risks.
As a properly identified 2LT home on leave, I once had to get my mom to
vouch for my _travelers' checks_ at a local establishment. Got a credit
card the next week.
Thu, Sep 25, 2003, 11:32am (EDT+4) someone firstname.lastname@example.org (George)
<snip> As a properly identified 2LT home on leave, I once had to get my
mom to vouch for my _travelers' checks_ at a local establishment. <snip>
Ah, well, if you hadn't identified yourself as a 2LT, you probably
wouldn't have needed your mother to vouch for you. Well known fact,
2LTs shouldn't be allowed out without a leash, and at least one keeper.
In fact, the most dangerous thing in the world is a 2LT with a map.
If history repeats itself, I should think we can expect the same thing
- Terry Venables
Life just ain't life without good music. - JOAT
Web Page Update 25 Sep 2003. Some tunes I like.
Nah. Most dangerous thing in the world is a 2nd Lt. with a map and a
helicopter. I dunno how long that pilot's course is, but those guys could scare
the crap out of Evel Knievel.
"Don't hit at all if it is honorably possible to avoid hitting; but never hit
Helicopters scare me, too. I know they're only doing 150 or so, but it
seemed so much faster than when did it doing 500 at 300' in a proper
I had a line # for E-6 when I decided if I were to stay the course, I'd make
more money as a butterbar and beyond. Plead insanity.
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