http://blog.prudentmoney.com/2009/05/27/new-credit-card-laws-victory-for-the-credit-card-industry-and-congress/ No hype. No agenda. Just financial information from a Christian perspective. Thu, 29 Jul 2010 17:42:13 -0400 http://wordpress.org/?v=2.8 hourly 1 http://blog.prudentmoney.com/2009/05/27/new-credit-card-laws-victory-for-the-credit-card-industry-and-congress/comment-page-1/#comment-2338 HENRY NEWMAN Fri, 05 Jun 2009 16:26:24 +0000 http://blog.prudentmoney.com/?p=1506#comment-2338 BOB, AS LONG AS WE HAVE THE "BE A BIG CAMPAIGN CONTRIBUTOR AND GET REWARDED" ELECTION SYSTEM, WE`RE SCREWED! AND I DON`T HEAR ANYONE MAKING ANY NOISE ABOUT IT. BOB,
AS LONG AS WE HAVE THE “BE A BIG CAMPAIGN CONTRIBUTOR AND GET REWARDED” ELECTION SYSTEM, WE`RE SCREWED! AND I DON`T HEAR ANYONE MAKING ANY NOISE ABOUT IT.

]]> http://blog.prudentmoney.com/2009/05/27/new-credit-card-laws-victory-for-the-credit-card-industry-and-congress/comment-page-1/#comment-2325 bob@prudentmoney.com Tue, 02 Jun 2009 16:02:34 +0000 http://blog.prudentmoney.com/?p=1506#comment-2325 Janice I wouldn't necessarily think that this fixed the problem. You might find yourself in the same way. I would set up a better system knowing that they play the game this way. First, establish on-line payment. Second, set a date on your calender to make the payment 15 days before the due date. After making the payment, confirm that the payment has been made then set your system for the next month. The answer from the Rep makes no sense. It has nothing to do with processing. It has everything to do with them moving the dates around. Janice
I wouldn’t necessarily think that this fixed the problem. You might find yourself in the same way. I would set up a better system knowing that they play the game this way. First, establish on-line payment. Second, set a date on your calender to make the payment 15 days before the due date. After making the payment, confirm that the payment has been made then set your system for the next month. The answer from the Rep makes no sense. It has nothing to do with processing. It has everything to do with them moving the dates around.

]]> http://blog.prudentmoney.com/2009/05/27/new-credit-card-laws-victory-for-the-credit-card-industry-and-congress/comment-page-1/#comment-2324 Janice Taylor Tue, 02 Jun 2009 14:15:19 +0000 http://blog.prudentmoney.com/?p=1506#comment-2324 I agree. The credit card industry can get by with just about anything. Case in point, with my new Bank of American card, they fluctuate the dates that it's due, which messes up my bookkeeping. We get paid on the first of each month and the bill has been due on the 3rd. I pay on the first and now instead of going straight in that day they are saying it takes 2-3 days to process. So guess what, I get hit with a $39.00 late fee plus they immediately take me off the promotion and increase my payments by double. I called and they said that the dates will fluctuate and that it plainly says on the confirmation that it does take 2-3 days to process. I am going to move this balance to another card that has a set date so it goes in immediately! Any ideas? I agree. The credit card industry can get by with just about anything. Case in point, with my new Bank of American card, they fluctuate the dates that it’s due, which messes up my bookkeeping. We get paid on the first of each month and the bill has been due on the 3rd. I pay on the first and now instead of going straight in that day they are saying it takes 2-3 days to process. So guess what, I get hit with a $39.00 late fee plus they immediately take me off the promotion and increase my payments by double. I called and they said that the dates will fluctuate and that it plainly says on the confirmation that it does take 2-3 days to process. I am going to move this balance to another card that has a set date so it goes in immediately! Any ideas?

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