The following is a note from an acquaintance
I have one of my credit cards that I maintain a small balance. Yesterday, I got their statement and it said I was being charged a late fee of 39.00 and was past due $13.00.
I know that was incorrect, so I went to my Online Banking account at Bank of America to see what had happened. Sure enough, on 11/03/2006 I made an Online payment to Chase of $100, minimum due was $13.00.
So, I called Chase customer service this morning to point out their mistake and asked them to take off the late charge because I have proof I made the payment, infact for more than their minimum. The guy said he cannot so that. My payment of $100 arrived before 11/05/2006, which is their billing cycle. My $100 payment was recieved, but it was applied toward the balance, not to the minimum amount due because it arrived before 11/05/2006. I would have needed to send an additional $13.00 two days later, or waited two days later to send the $100 to keep their terms of agreement. Doesn't that bite?
I'm paying it off and cutting it up!
I advise folks to pay particular attention to every detail on their bills.
People getting signed up for bogus credit protection plans and stuff is just the beginning for these clowns!
The only ones more shameful than the Goliaths of Greed, are the members of the US Congress who refuse to make and pass laws putting a stop to all these financial institutions dirty tricks!
But when you are in the pockets of big corporations who pay for these ridiclously high priced re election campaigns I guess you need to do what you need to do to keep the money coming in.
Shame! Shame! Shame!
No credit cards for me! Ever!