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Frequent Contributor
BobbyJ
Posts: 302
Registered: ‎02-03-2008
0

Crazy Orchard Bank

I am paying off the remainder of my Orchard balance on the 14th of May. $180.46 before the AF and $219.96 after the AF.

 

I called Orchard this morning and of course the would not waive the AF of $79 but the did cut it in half to $39.50 which they did last year as well.   My due date is 6/3/10 and I wanted to know if I pay my balance in full minus the AF and close my account can they still charge me for the annual fee? or is it only after the due date of 6/3/10 that they can officially charge me the fee for?

Fico Scores: EQ 667 (8/10/14) EX 661 (6/28/14) TU 640 (6/6/14)
New Cards after BK DC: C1 Quicksilver Plat MC $4000 (2/2014)
Survived BK Filing: Fort Knox CU Plat Visa $5000 / Lowes $7000 / HSN Card $3000 / Walmart Card $2000 / Macys $800 / Target Red Card $500 / Fingerhut $600
Frequent Contributor
charliebrown1370
Posts: 313
Registered: ‎06-26-2009
0

Re: Crazy Orchard Bank

If you pay the account to zero and close it you are done. Period. The AF is paid at the beginning of the billing year, not the end.

 

CB


Starting Score: EQ 618 TU 585
Current Score: EQ 680 TU 698 EX 681 (lender pull 04/2010)
Goal Score: EQ 720 TU 720


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Frequent Contributor
BobbyJ
Posts: 302
Registered: ‎02-03-2008
0

Re: Crazy Orchard Bank

Thanks CharlieBrown.

 

My AF doesnt get billed until the June 3rd statement every year with Orchard.  Since June 3rd has not occurred yet I just wanted to know if I was still free from having to pay the AF so I could close the card completely.

 

Bobby

Fico Scores: EQ 667 (8/10/14) EX 661 (6/28/14) TU 640 (6/6/14)
New Cards after BK DC: C1 Quicksilver Plat MC $4000 (2/2014)
Survived BK Filing: Fort Knox CU Plat Visa $5000 / Lowes $7000 / HSN Card $3000 / Walmart Card $2000 / Macys $800 / Target Red Card $500 / Fingerhut $600
Regular Contributor
khw
Posts: 115
Registered: ‎05-27-2007
0

Re: Crazy Orchard Bank

I Know that with my orchard bank card I have up to 30 days after my AF is billed to cancel and not pay the fee, it says so on the back of my statement. my AF is due in july and I also plan on canceling my card a week or two before. If I were you I'd cancel now just so you dont have to worry about getting them to remove it


Starting Score: 480-550 in 2005
Current Score: 761 TU/764 EQ - 08/1/2013 /754 EX 12/15/12
Goal Score: 800


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Frequent Contributor
BobbyJ
Posts: 302
Registered: ‎02-03-2008
0

Re: Crazy Orchard Bank

Hi khw,

 

I think you are right.  I was going to pay it off on Friday but I might do that today.  I want to wait until the payment posts before  I call and close the account.

 

Bobby

Fico Scores: EQ 667 (8/10/14) EX 661 (6/28/14) TU 640 (6/6/14)
New Cards after BK DC: C1 Quicksilver Plat MC $4000 (2/2014)
Survived BK Filing: Fort Knox CU Plat Visa $5000 / Lowes $7000 / HSN Card $3000 / Walmart Card $2000 / Macys $800 / Target Red Card $500 / Fingerhut $600
Regular Contributor
khw
Posts: 115
Registered: ‎05-27-2007
0

Re: Crazy Orchard Bank

Waiting till your payment posts is a good plan, I think as long as you close it before the AF bills it will be fine. I just think it would be easier to close it before the AF shows up on the bill, even if they do have that 30 day after the fee refund policy. I know how stubborn orchard can be, I'd rather not deal with them anymore then I have to, lol :smileywink:


Starting Score: 480-550 in 2005
Current Score: 761 TU/764 EQ - 08/1/2013 /754 EX 12/15/12
Goal Score: 800


Take the FICO Fitness Challenge
Moderator Emeritus
beamMEup
Posts: 4,473
Registered: ‎12-31-2008
0

Re: Crazy Orchard Bank

Hey Bobby,

 

Congrats on your sparkling clean CR!!!

 

Did you see a score change when your BK's fell off?  (Sorry, that's a bit off topic, but inquiring minds want to know)  :smileytongue:

 

Just puttin' syrup on something, don't make it pancakes.
Frequent Contributor
BobbyJ
Posts: 302
Registered: ‎02-03-2008
0

Re: Crazy Orchard Bank

Hi beam,

 

Unfortunately my score didnt really jump up because I currently have high utilization right now.  I am working very hard at getting that resolved and I know it will jump up significantly after that.... I have had no lates since opening orchard back in 2004 a year after filing Chapter 13 BK.  My current EX Fico score is 636.

 

Bobby

Fico Scores: EQ 667 (8/10/14) EX 661 (6/28/14) TU 640 (6/6/14)
New Cards after BK DC: C1 Quicksilver Plat MC $4000 (2/2014)
Survived BK Filing: Fort Knox CU Plat Visa $5000 / Lowes $7000 / HSN Card $3000 / Walmart Card $2000 / Macys $800 / Target Red Card $500 / Fingerhut $600
Moderator Emeritus
beamMEup
Posts: 4,473
Registered: ‎12-31-2008
0

Re: Crazy Orchard Bank


BobbyJ wrote:

Hi beam,

 

Unfortunately my score didnt really jump up because I currently have high utilization right now.  I am working very hard at getting that resolved and I know it will jump up significantly after that.... I have had no lates since opening orchard back in 2004 a year after filing Chapter 13 BK.  My current EX Fico score is 636.

 

Bobby


Thanks Bobby.  Best wishes on your good work paying stuff down.  That's a great goal.

 

Do you mean your current Equifax Fico score is 636?  EXperian Fico scores are very hard to come by.

Just puttin' syrup on something, don't make it pancakes.
Frequent Contributor
BobbyJ
Posts: 302
Registered: ‎02-03-2008
0

Re: Crazy Orchard Bank

Yes, my EQ Fico was 636 on 3/2010.  I just paid the balance on my Orchard and will call tomorrow and cancel the card... It has been a long 6 years with them and only 400 cl..... cant wait to tell them to close it!!!!!

Fico Scores: EQ 667 (8/10/14) EX 661 (6/28/14) TU 640 (6/6/14)
New Cards after BK DC: C1 Quicksilver Plat MC $4000 (2/2014)
Survived BK Filing: Fort Knox CU Plat Visa $5000 / Lowes $7000 / HSN Card $3000 / Walmart Card $2000 / Macys $800 / Target Red Card $500 / Fingerhut $600

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