Comments on: Release the Hounds: Our First Credit Card Finance Charge and Bank Fee http://www.nodebtplan.net/2008/08/29/release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee/#utm_source=rss&utm_medium=rss&utm_campaign=release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee A personal finance blog teaching you how to live debt free and use credit wisely. Fri, 10 Feb 2012 15:18:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: b arohttp://www.nodebtplan.net/2008/08/29/release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee/#comment-6676 b aro Mon, 17 Nov 2008 17:04:28 +0000 http://www.nodebtplan.net/?p=666#comment-6676 Chase will not waive Late fee or fiance charges at all. no more chase card Chase will not waive Late fee or fiance charges at all. no more chase card

]]> By: Carnival of Twenty Something Finances! 9/22 Edition | we like moneyhttp://www.nodebtplan.net/2008/08/29/release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee/#comment-4523 Carnival of Twenty Something Finances! 9/22 Edition | we like money Mon, 22 Sep 2008 10:02:13 +0000 http://www.nodebtplan.net/?p=666#comment-4523 [...] presents Release the Hounds: Our First Credit Card Finance Charge and Bank Fee posted at No Debt [...] [...] presents Release the Hounds: Our First Credit Card Finance Charge and Bank Fee posted at No Debt [...]

]]> By: The Carnival of Money Stories « The Copyeditor’s Deskhttp://www.nodebtplan.net/2008/08/29/release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee/#comment-4151 The Carnival of Money Stories « The Copyeditor’s Desk Tue, 09 Sep 2008 13:15:07 +0000 http://www.nodebtplan.net/?p=666#comment-4151 [...] No Debt Plan Release the Hounds: Our First Credit Card Finance Charge and Bank Fee Kevin accidentally runs afoul of American Express and his [...] [...] No Debt Plan Release the Hounds: Our First Credit Card Finance Charge and Bank Fee Kevin accidentally runs afoul of American Express and his [...]

]]> By: Kevinhttp://www.nodebtplan.net/2008/08/29/release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee/#comment-4086 Kevin Mon, 08 Sep 2008 02:10:13 +0000 http://www.nodebtplan.net/?p=666#comment-4086 @Funny: Yea, they weren't too bad about it. @Funny: Yea, they weren’t too bad about it.

]]> By: Funny about Moneyhttp://www.nodebtplan.net/2008/08/29/release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee/#comment-4079 Funny about Money Sun, 07 Sep 2008 23:06:47 +0000 http://www.nodebtplan.net/?p=666#comment-4079 Wow! What a fiasco! It sounds like the sort of tangled web I spin every now and again...all it takes is being a little tired when you sit down to do the books. In my experience, Amex has been fairly forgiving of screw-ups, mostly because I pay my bills on time. Especially since you could argue there was a mutual screw-up going on, they may back down on some of the fees. It's worth a call. Wow! What a fiasco! It sounds like the sort of tangled web I spin every now and again…all it takes is being a little tired when you sit down to do the books.

In my experience, Amex has been fairly forgiving of screw-ups, mostly because I pay my bills on time. Especially since you could argue there was a mutual screw-up going on, they may back down on some of the fees. It’s worth a call.

]]> By: Kevinhttp://www.nodebtplan.net/2008/08/29/release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee/#comment-3864 Kevin Thu, 04 Sep 2008 03:15:21 +0000 http://www.nodebtplan.net/?p=666#comment-3864 @CCwoman: That's pretty much exactly what happened. I think deep back in the recesses of my mind I knew this because I used to work for a rental car company and there were certain ways to get money off of a credit card for a car that was late in being returned (and no one was answering the phone, etc.) The things is, I forgot that and the rep I talked to made no mention of it. So it was like Boom -- one big hit, fee, put the money back, breathe, then Boom again and fees all over the place. @CCwoman: That’s pretty much exactly what happened. I think deep back in the recesses of my mind I knew this because I used to work for a rental car company and there were certain ways to get money off of a credit card for a car that was late in being returned (and no one was answering the phone, etc.)

The things is, I forgot that and the rep I talked to made no mention of it. So it was like Boom — one big hit, fee, put the money back, breathe, then Boom again and fees all over the place.

]]> By: Annahttp://www.nodebtplan.net/2008/08/29/release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee/#comment-3635 Anna Mon, 01 Sep 2008 01:05:10 +0000 http://www.nodebtplan.net/?p=666#comment-3635 Oh man! That sucks, but I think we've all done something like that at some point. Live and learn and try again! Oh man! That sucks, but I think we’ve all done something like that at some point. Live and learn and try again!

]]> By: ccwomanhttp://www.nodebtplan.net/2008/08/29/release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee/#comment-3622 ccwoman Sun, 31 Aug 2008 18:54:21 +0000 http://www.nodebtplan.net/?p=666#comment-3622 Hope you got a good answer from your CC company on why they attempted to resubmit the payment on the 'brick and mortar' account. If you didn't here is the reason, they are resubmitting the original payment request that was made. They are not permitted to initiate a new payment request with the new information. Only you can initiate a new payment request with the new information. If you had called your CC company when you realized the first transaction did not clear they should have told you there would be two to three more attempts against the same account. If they didn't tell you this, which would have given you time to cover the check for the future attempts, then you would have a good case for a fee waiver of at least some of the NSF fees on your CC statement. On the late fee waiver.....well you were late. That would be a justified fee. The interest you were charged would be somewhat adjustable but in the big scheme of things finance charges are never very much. Hope you got a good answer from your CC company on why they attempted to resubmit the payment on the ‘brick and mortar’ account. If you didn’t here is the reason, they are resubmitting the original payment request that was made. They are not permitted to initiate a new payment request with the new information. Only you can initiate a new payment request with the new information. If you had called your CC company when you realized the first transaction did not clear they should have told you there would be two to three more attempts against the same account. If they didn’t tell you this, which would have given you time to cover the check for the future attempts, then you would have a good case for a fee waiver of at least some of the NSF fees on your CC statement. On the late fee waiver…..well you were late. That would be a justified fee. The interest you were charged would be somewhat adjustable but in the big scheme of things finance charges are never very much.

]]> By: Alison @ This Wasn't In The Planhttp://www.nodebtplan.net/2008/08/29/release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee/#comment-3563 Alison @ This Wasn't In The Plan Sat, 30 Aug 2008 13:22:29 +0000 http://www.nodebtplan.net/?p=666#comment-3563 My only credit card fee and interest charges resulted from a payment mix-up as well. We were able to get the charges reversed for being good customers (good customers that never let them earn interest from us, but good nonetheless). I hope you had good luck as well! I'll be reading Monday to find out. My only credit card fee and interest charges resulted from a payment mix-up as well. We were able to get the charges reversed for being good customers (good customers that never let them earn interest from us, but good nonetheless). I hope you had good luck as well! I’ll be reading Monday to find out.

]]> By: Bitten by a snake? | LivingAlmostLargehttp://www.nodebtplan.net/2008/08/29/release-the-hounds-our-first-credit-card-finance-charge-and-bank-fee/#comment-3561 Bitten by a snake? | LivingAlmostLarge Sat, 30 Aug 2008 13:02:08 +0000 http://www.nodebtplan.net/?p=666#comment-3561 [...] was reading NoDebtPlan’s recent experience with CC.  He made a mistake in paying his CC off and is not hit with fees.  OUCH.  Couple of a [...] [...] was reading NoDebtPlan’s recent experience with CC.  He made a mistake in paying his CC off and is not hit with fees.  OUCH.  Couple of a [...]

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