So I need to come on here and vent!! Since starting my credit rebuilding process about 2 months ago my one school loan was the only revolving account on my report..I have a ton of lates on it but since Dec 2013 I've made sure to make every payment on time..which is also around the time I was thinking about starting over and building my credit up! Now the stupidest thing happened to me & I'm so mad it's like taking a step forward and 5 steps back!
My payment of $73 is due on the 9th of every month, this month is falls on a Sunday. So on Feb 28th, yes a WEEK ago, I go online to make my usual monthly payment so it can post on my account at the right time and so on. Well instead of using my debit card like I always do I used the account number & routing number to that account instead. (My bf had the card and I was just sitting at home paying my bills, didn't think anything of it) so it gave me a confirmation number and all week I'm waiting for the amount to be taken out of my chase account since it was already posted on the loans website that the payment was "made" & all week nothing, up until this morning..I see it still wasn't taken out so I go back on the loans website, the payment was returned and they put at $15 NSF fee on my account. I immediately call them to see what's going on since my money was in there that whole week just waiting to be taken out and the lady says the ach was rejected and she couldn't give me an answer as to why and also stated that she can't reverse that fee and anybody else I talked to would tell me the same thing. So not only did I have to re do the payment with the extra $15 that's not even going towards my balance, it will now probably generate a late fee because it won't post until either Monday or Tuesday. I'm so mad...I'm doing everything I can to make on time payments since my mistakes in the past and opened up 2 secured cards to establish good history and this happens. My bf was looking at me crazy like you'll be okay don't be so mad but he doesn't understand the whole credit thing. It's gonna be reported on there that I have another late payment for the month of March now after 3 months of regular on time payments..so annoying!!
My payment of $73 is due on the 9th of every month, this month is falls on a Sunday. So on Feb 28th, yes a WEEK ago, I go online to make my usual monthly payment so it can post on my account at the right time and so on. Well instead of using my debit card like I always do I used the account number & routing number to that account instead. (My bf had the card and I was just sitting at home paying my bills, didn't think anything of it) so it gave me a confirmation number and all week I'm waiting for the amount to be taken out of my chase account since it was already posted on the loans website that the payment was "made" & all week nothing, up until this morning..I see it still wasn't taken out so I go back on the loans website, the payment was returned and they put at $15 NSF fee on my account. I immediately call them to see what's going on since my money was in there that whole week just waiting to be taken out and the lady says the ach was rejected and she couldn't give me an answer as to why and also stated that she can't reverse that fee and anybody else I talked to would tell me the same thing. So not only did I have to re do the payment with the extra $15 that's not even going towards my balance, it will now probably generate a late fee because it won't post until either Monday or Tuesday. I'm so mad...I'm doing everything I can to make on time payments since my mistakes in the past and opened up 2 secured cards to establish good history and this happens. My bf was looking at me crazy like you'll be okay don't be so mad but he doesn't understand the whole credit thing. It's gonna be reported on there that I have another late payment for the month of March now after 3 months of regular on time payments..so annoying!!
Just put it on auto pilot and forget it. Good luck
If your payment was due March 9th, and even though the NSF fee sucks you won't get a late payment post to your credit reports because you aren't 30 days late... Now, if you didn't make the payment by April 9th, then you would have a 30 day late on your CR's...
You may get hit with a late fee but it likely wouldn't be reported.
Starting Score: 06/2010- EQ 464I don't know, it has never happened to me before and I even called chase yesterday to complain about this and the lady i spoke to reimbursed me $16 for ATM fees throughout my current statement but thats all she said she could do & im not complaining because I got the stupid $15 extra I had to pay the loan company back. I'm just still so mad because my whole point in doing it a week before the due date was to avoid something like this happening and then bam it happens. My account on there now says 1 day past due, so i guess i'm just going to watch it again to see when it posts and deal with a late that wasn't even my fault :/
Wow okay that makes me feel so much better! And it makes sense since stuff only gets reported 30, 60, 90 + late on there. I was really going off for no reason then lol.
I'm just taking this really seriously in rebuilding my credit and even something so little just upset me, but i feel better now knowing that!!