topic Re: Freaking out , in Credit Cards

Freaking out ,

Anonymous — Thu, 09 Jan 2020 21:25:51 GMT

So , this is the very first time since I started my credit/credit card journey in 2013 , that I pay a payment late , not because I didn’t want to BUT because I simply forgot , & got charged 25 dollar fee , it was on my very first credit card the Wells Fargo college credit card , I just realized right now I forgot to pay last month & just now I paid last month and this months payments , question is ... will this affect my credit score? Now , I’m really bothered because I wanted to keep my payment history as 100%

Re: Freaking out ,

recoveringfrombk7 — Thu, 09 Jan 2020 21:36:29 GMT

Just call and talk to someone and explain what happened. If you've been a customer for a long time and haven't been late before they will often refund the late fee and not report it as late.

Re: Freaking out ,

thornback — Thu, 09 Jan 2020 21:39:43 GMT

You won't have a late payment reported unless you were 30+ days late. So has it been 30 days since the due date?

Sorry this happened to you -- I set up autopay for the minimum balance on all of my accounts as a backup (in case I forget or end up in a coma in the hospital or something). I pay my balances manually but I know the minimum will at least be paid should I fail to make manual payment -- something you may want to consider doing from now on.

Re: Freaking out ,

Anonymous — Thu, 09 Jan 2020 21:40:33 GMT

Late payment doesn't reported to the credit bureau unless it is over 30 days late. Give Wells Fargo a call, hopefully, they will give your the late fee back.

Re: Freaking out ,

TSlop — Thu, 09 Jan 2020 21:45:49 GMT

I would call and see if they can reverse it since it is your first. I had a similar situation happen with my first credit card with PNC Bank. I was tired of sending in checks so I signed up for autopay with the submission of a payment and I sent it on or slightly before the due date. They ended up autobilling the next one PLUS a late fee (I'm assuming it had to arrive by then and not a postmark date). I called and they credited it back right away. I haven't had another since then, but with it only being your first and you have a history, I'd be willing to bet they'd credit it back.

Re: Freaking out ,

Anonymous — Thu, 09 Jan 2020 21:54:13 GMT

As stated, it's not a reportable issue unless your payment was 30 days late or more. It can be a black eye internally with the bank - maybe some difficulty getting increases for a couple years - but won't go any farther unless you went more than 30 days delinquent.

Re: Freaking out ,

Anonymous — Thu, 09 Jan 2020 22:16:47 GMT

I got the fee reversed , but we’ll see about the late payment report to the credit bureau /: I don’t think I was 30+ late though

Re: Freaking out ,

simplynoir — Thu, 09 Jan 2020 22:18:16 GMT

Check the due date of the previous statement and compare that to when you paid. If you really want to make sure contact customer service to have them check for you

Sorry you're dealing with that and hope everything clears up for you

Re: Freaking out ,

SarahJo — Thu, 09 Jan 2020 22:23:26 GMT

As said, give them a call. I did want to share that I’ve had my husband put alerts in his phone to give him a ding-ding when a payment is due 2 days before and then the day of for each debt account (I’m obsessive, so no need for me haha, but he definitely needs a reminder). He was skeptical at first but it has done wonders for him, he’s so busy and this is a way to alleviate some stress.

Re: Freaking out ,

Anonymous — Thu, 09 Jan 2020 22:21:41 GMT

I just checked my statements & I am 30+ late BUT, it’s weird to me because the due date was 12/01/19 but I remember seeing that so I paid it early on 11/21/19 , but for some reason it didn’t post as a payment for that 12/1/19? & now I remember that’s the reason I didn’t give no payment on December becayse I had paid it early on 11/21/19 & it did post ? I’m so confused

Re: Freaking out ,

Anonymous — Thu, 09 Jan 2020 22:36:10 GMT

Sounds like you should get your bank records rounded up for that timeframe and call the CC issued to go over it and straighten it out.

Re: Freaking out ,

Anonymous — Thu, 09 Jan 2020 22:42:38 GMT

@Anonymous wrote:
Sounds like you should get your bank records rounded up for that timeframe and call the CC issued to go over it and straighten it out.

Yeah , no luck i guess i had to make a payment from 12-1-19 to 1-1-20 that other 11/21/19 payment i made was just an extra payment i made for that nov statement , and I thought that 11/21 payment would cover the 12/1 payment , man this sucks!!!!!!! I was so careful about having a 100% payment history , this bummed me out.

Re: Freaking out ,

M_Smart007 — Thu, 09 Jan 2020 22:54:58 GMT

@Anonymous wrote:
@Anonymous wrote:
Sounds like you should get your bank records rounded up for that timeframe and call the CC issued to go over it and straighten it out.
Yeah , no luck i guess i had to make a payment from 12-1-19 to 1-1-20 that other 11/21/19 payment i made was just an extra payment i made for that nov statement , and I thought that 11/21 payment would cover the 12/1 payment , man this sucks!!!!!!! I was so careful about having a 100% payment history , this bummed me out.

Sorry OP, .. As Mentioned up thread .. Auto Pay for the minimum payment is a must on all accounts.

Re: Freaking out ,

Shooting-For-800 — Thu, 09 Jan 2020 23:02:51 GMT

Beg, beg, beg and then beg they remove the late payment.

Explain your double payment.

Then beg.

GL!

Re: Freaking out ,

Anonymous — Thu, 09 Jan 2020 23:06:17 GMT

@Anonymous wrote:
@Anonymous wrote:
Sounds like you should get your bank records rounded up for that timeframe and call the CC issued to go over it and straighten it out.
Yeah , no luck i guess i had to make a payment from 12-1-19 to 1-1-20 that other 11/21/19 payment i made was just an extra payment i made for that nov statement , and I thought that 11/21 payment would cover the 12/1 payment , man this sucks!!!!!!! I was so careful about having a 100% payment history , this bummed me out.

This makes zero sense.

When you made that payment on 11/21, your statement requiring payment on 12/01 would have already been generated and any payment would have been applied as the payment due on 12/01. Plenty of people pay their bills early...

There is more to the story. Was the payment not made? Was you November payment not made?

Re: Freaking out ,

Rudy1 — Thu, 09 Jan 2020 23:08:00 GMT

Good on getting the late payment reversed. As long as it is not 30+ days nothing should report.

Re: Freaking out ,

Anonymous — Thu, 09 Jan 2020 23:12:07 GMT

@Anonymous wrote:
So , this is the very first time since I started my credit/credit card journey in 2013 , that I pay a payment late , not because I didn’t want to BUT because I simply forgot , & got charged 25 dollar fee , it was on my very first credit card the Wells Fargo college credit card , I just realized right now I forgot to pay last month & just now I paid last month and this months payments , question is ... will this affect my credit score? Now , I’m really bothered because I wanted to keep my payment history as 100%

A late is only reported if there is no payment 30 days past the due date. If you forgot to pay and paid right away when you got your new statement, you're fine and will stay at 100%. I did the same thing last year around this time with one of mine.

Re: Freaking out ,

thornback — Thu, 09 Jan 2020 23:15:53 GMT

@Anonymous wrote:
Yeah , no luck i guess i had to make a payment from 12-1-19 to 1-1-20 that other 11/21/19 payment i made was just an extra payment i made for that nov statement , and I thought that 11/21 payment would cover the 12/1 payment , man this sucks!!!!!!! I was so careful about having a 100% payment history , this bummed me out.

Dang. Really sorry, Jay. I imagine you're feeling pretty crappy and defeated right now -- but, take a moment or two to gather your thoughts and feelings, and FIRST - confirm you were actually 30 days late (perhaps you're misreading your statement vs. due dates?).

If you are, indeed, 30 days late, then you need to get into rebuild mode. Locate every mailing address and contact you can find on Google, and start sending out those Goodwill letters. Explain what happened -- just as you have above -- and request removal as an act of good faith based on your previous stellar payment history with them. I'd also include copies of those statements that show the double payment in November to help explain your oversight for December (but take full responsibility for the oversight, of course). I'd also set up your autopay now and mention doing so in your goodwill letter as a preventative measure so missing a payment won't happen again in the future.

Best of luck to you.

Re: Freaking out ,

Anonymous — Thu, 09 Jan 2020 23:25:16 GMT

^^^ this, completely.

Re: Freaking out ,

Anonymous — Fri, 10 Jan 2020 00:04:18 GMT

@thornback thank you , I shall do that !! & to the other person asking if I paid my nov statement yes I did , I made 2 payments in November , one for the nov statement , the other one was a early payment for the 12/1 statement , which did post but it didn’t. Count , and according to the lady I talked to I had to make a payment during the statement month I guess 12/1-1/1