Comments on: One little slip up on Credit Card Bill? http://smallbusinessmerchantaccounts.org/one-little-slip-up-on-credit-card-bill.htm Sat, 19 May 2012 14:18:51 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: daw999999 http://smallbusinessmerchantaccounts.org/one-little-slip-up-on-credit-card-bill.htm/comment-page-1#comment-1493 daw999999 Fri, 13 Nov 2009 18:36:28 +0000 http://smallbusinessmerchantaccounts.org/one-little-slip-up-on-credit-card-bill.htm#comment-1493 OK. Yes, everything is negotiable. Provided you have a position from which to negotiate. As a fairly new customer with a fairly low balance, you aren't what they will consider a "highly valued customer". So, when you speak with them, contrition is your best bet. You're very sorry, but it was an honest mistake, etc., etc. Don't be belligerent, ask for understanding, without being a sad-sap. Ask them to please reverse the late fee, and to revert the interest. If they won't go back to 9%, ask them for 14%, or something more palatable than 28%. There's absolutely no harm in asking, you could find someone that's willing to be helpful. If not, you could try talking to a supervisor, they have more ability to make these decisions. If you can't get them to put you back on your original plan, be aware that you can not cancel the account until after you pay off the balance. The good news is: your credit is not affected by this. Unless your payment is a full thirty days late, nothing negative goes on your credit report. If you're unable to get your current company to fix things to your satisfaction, you can shop around for another provider. Most companies want to entice you to come to them by offering a balance transfer option at a preferable rate which you can use to pay off the higher interest card, then cancel it. If you do apply for a new card, list your previous employer, it's very unlikely that they will call to verify your employment. If they do, nothing lost. I recently had a similar experience where I had two bank accounts set up to make payments, and accidentally chose the wrong one, which didn't have sufficient funds to cover the payment. The bank notified me that my payment hadn't gone through, and after speaking with their customer service rep, they reversed the late fee, and corrected the payment. Now, I'm a more "seasoned" credit risk than you, but there's success to be had. Good luck! OK. Yes, everything is negotiable. Provided you have a position from which to negotiate. As a fairly new customer with a fairly low balance, you aren’t what they will consider a "highly valued customer". So, when you speak with them, contrition is your best bet. You’re very sorry, but it was an honest mistake, etc., etc. Don’t be belligerent, ask for understanding, without being a sad-sap. Ask them to please reverse the late fee, and to revert the interest. If they won’t go back to 9%, ask them for 14%, or something more palatable than 28%. There’s absolutely no harm in asking, you could find someone that’s willing to be helpful. If not, you could try talking to a supervisor, they have more ability to make these decisions.

If you can’t get them to put you back on your original plan, be aware that you can not cancel the account until after you pay off the balance.

The good news is: your credit is not affected by this. Unless your payment is a full thirty days late, nothing negative goes on your credit report. If you’re unable to get your current company to fix things to your satisfaction, you can shop around for another provider. Most companies want to entice you to come to them by offering a balance transfer option at a preferable rate which you can use to pay off the higher interest card, then cancel it. If you do apply for a new card, list your previous employer, it’s very unlikely that they will call to verify your employment. If they do, nothing lost.

I recently had a similar experience where I had two bank accounts set up to make payments, and accidentally chose the wrong one, which didn’t have sufficient funds to cover the payment. The bank notified me that my payment hadn’t gone through, and after speaking with their customer service rep, they reversed the late fee, and corrected the payment. Now, I’m a more "seasoned" credit risk than you, but there’s success to be had. Good luck!

]]> By: alvi69 http://smallbusinessmerchantaccounts.org/one-little-slip-up-on-credit-card-bill.htm/comment-page-1#comment-1494 alvi69 Fri, 13 Nov 2009 18:36:28 +0000 http://smallbusinessmerchantaccounts.org/one-little-slip-up-on-credit-card-bill.htm#comment-1494 yes get them to reverse it and than cancel it immediately you are too young to be involved in this type of mental distress matters yes get them to reverse it and than cancel it immediately you are too young to be involved in this type of mental distress matters

]]> By: Walker http://smallbusinessmerchantaccounts.org/one-little-slip-up-on-credit-card-bill.htm/comment-page-1#comment-1495 Walker Fri, 13 Nov 2009 18:36:28 +0000 http://smallbusinessmerchantaccounts.org/one-little-slip-up-on-credit-card-bill.htm#comment-1495 You can call and try to have them lower it, they may not for 6 to 12 months. Pay it off as soon as you can. Banks love when this happens, that is why they jack the rate up, to drain our money like vampires. They want to make as much as possible. You can call and try to have them lower it, they may not for 6 to 12 months. Pay it off as soon as you can. Banks love when this happens, that is why they jack the rate up, to drain our money like vampires. They want to make as much as possible.

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