07-16-2008 07:23 AM
Phoenix-rising wrote:Have you tried calling Chase and asking the CSR to forgive the late payment and waive the fee? I think they're allowed to do that once per year. I've been late a few times in the past. Each time it was by just a day or so. I explained what happened and they waived the fee. When I asked if it would be on my credit report they said NO, and it never appeared. If the CSR can't do it, ask for their supervisor.It can't hurt to ask. Of course, it works best if you have a great payment history with them.I believe chase allows a grace period, so being two days late shouldnt cause a 30 day late on my credit report should it?Also i have a spreadsheet with all my monthly bills due...time has been flying by and i just simply forgot about the payment being due!
07-16-2008 07:31 AM
The grace period on a CC has nothing to do with reporting to the CRAs, and it is not a grace period in the sense that it allows you to pay after the due date without penalty. All the term "grace period" means is that there is a certain amount of time before new purchases begin accruing interest.
Schoolbuskid wrote:I believe chase allows a grace period, so being two days late shouldnt cause a 30 day late on my credit report should it?Also i have a spreadsheet with all my monthly bills due...time has been flying by and i just simply forgot about the payment being due!
07-16-2008 07:33 PM
07-16-2008 08:02 PM
llecs wrote:I know how you feel with this SBK. In April I spent $2k more than what I earned due to more business expenses and April is typically a more expensive month for us; I failed to plan. Unfortunately, I put that loss on CCs and utilization shot up within 2 months from around 20% to 60% for myself and 30% to over 70% for DW. Scary stuff.Last month, I paid off 1/2 of my cards and shelved them. DW also shelved the cards except a couple. Her utl dropped down to 60% and mine to 40%. Getting there. I figured that if the CCs are at home, I won't need to make that impulse buy.
09-05-2008 08:34 AM
09-05-2008 08:46 AM
There is no magic to the way to get the balances down, you have to make payments on the outstanding balances. Your income minus your expenses must leave some extra money so you can apply that to the outstanding debt. If you are spending more than you make you will never pay it off.
Schoolbuskid wrote:I may have already asked this question but whats the best way to get the balances down? I have actually added more debt by using the cards! This month i will get a my regular full check, so things should be leveling out! Gosh im tired of my cards being so high and scores so low! I know i know you might say stop using them, but its not that easy!
09-05-2008 08:46 AM
Send them much more money every month and don't use them until the balance is zero?
Schoolbuskid wrote:I may have already asked this question but whats the best way to get the balances down?
09-05-2008 09:22 AM
Schoolbuskid wrote:...I know i know you might say stop using them, but its not that easy!
09-05-2008 09:25 AM
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