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Post by proletariat on Oct 11, 2008 11:44:20 GMT -6
I got a credit card bill - Bank of America - today and their was a $40 fee for a late payment. I almost pulled my hair out. This happened one other time before and they quickly took it off.
I pay my bills every month usually as close to the 1st as I can. Sometimes it on the 29th or 30th, but certainly by the 3rd. Bank of America is continually changing the due date as credit card companies try to do. Its usually after the 15th but a few days before the first. Too late for someone who gets paid monthly to pay their bill on time.
Because of this I send in a payment the 1st of the month and then after I get the bill often send in a little more. My October payment was sent in the 3rd of October. They said since the billing period did not end until 7th that was a payment on the September period.
I was frickin pissed. I asked that because I paid on the wrong day of the month, you charge me $40. The manger said yes, that as part of the contract I agreed to pay between the start of the billing period and the due date.
I told them I hope they enjoyed their last payment from me. I have been a customer for years and have never missed a payment. They were just as cocky as can be.
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Post by blueneck on Oct 11, 2008 17:35:07 GMT -6
They (BOA) were sending me junk mail every other day - quite literally - for this offer and that offer. Somehow I ended up on their mailing list, I think from a long canceled account that they had acquired thru a merger or something. You would think that if you havent responded they would eventually give up?
I sent them a letter telling them to remove me from their mailing list. it took several weeks but I think its pretty much stopped.
BOA by the way was the one made infamous for giving preffered loans and accounts to illegals
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Post by proletariat on Oct 12, 2008 6:02:12 GMT -6
They have just about acquired everything. It used to be MBNA who at least had the decency to take the charge off when it was seen I sent money in that month.
I was just taken back when they told me they are only days of the month I could send my payment in. I guess what still baffles me is the lack of business common sense. They must think I am a good bet since I have $15,000 credit limit. Why wouldn't you upon seeing a payment was sent in the previous day apologize for the mistake and fix it.
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Post by redwolf on Oct 12, 2008 12:06:18 GMT -6
My GM card did the same thing to me this month. I have never missed a payment and they switched my due date to the beginning of the month and charged me a late fee. It frickin' pissed me off too.
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Post by blueneck on Oct 12, 2008 14:52:41 GMT -6
Chase started charging us interest for a negative balance
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Post by proletariat on Oct 14, 2008 5:58:24 GMT -6
I did end up sending an email to my Attorney General's office. This is there response. Bank of America is a national bank and, as a state agency, we do not have regulatory authority over a national bank www.wdfi.org/fi/banks/ConsumerInformation/. The agency that regulates national banks is the Office of the Comptroller of the Currency [www.helpwithmybank.gov]. The instructions and form for filing a complaint involving a national bank can be accessed here: www.helpwithmybank.gov/complaints/index.html.
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Post by whoswho on Oct 15, 2008 6:56:25 GMT -6
I have reduced my reliance on credit cards of any kind, to almost zero. Ditto for checks. It took a little work, but it's do-able, and life is so much simpler and less stressful when you eliminate the middle man.
The only credit card that treats me like I want to be treated is Discover Card. Them, I like.
Those who get hateful, impudent, and grabby with me, I do not do business with. Old fashioned, but more my style.
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Post by Cactus Jack on Nov 24, 2008 7:50:47 GMT -6
During the transition from EM (enlisted man) to Officer -- via advanced placement in OCS (1972) and transfer from combat arms to support arms -- I obtained and ran up a state of indebtedness using a credit card, which enslaved me for about four years. Once I realized and admitted I had a problem (the most difficult part), similar to when a drunk admits to himself that he's an alcoholic, and I got rid of the problem maker (credit card), I was on the way to recovery by paying off my indebtedness (2 yrs on LT pay) and then re-establishing new credit (via other means than add'l credit cards) over the next 2 years.
I'm happy (even proud) to say that since 1976, I have not owned a credit card -- its the Devil's Advocate which has enslaved millions -- and I'm richer and better off for getting that monkey off my back. My wish is that everyone of you be able to do the same.
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