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MsSissy
xoxoxo
Member since 3/07 39159 total posts
Name:
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
This is good to know.
But am I the only one who files their bills to be paid by date?
I can not even tell you if my due dates have changed. Since I get a bill and put in the "to pay" file by date.
Never noticed if the date remained the same or not.
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Posted 10/19/09 6:46 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Ugh, this happened in the beginning of the year...I got hit with a fee but I called and had it reversed. I was pizzed.
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| Posted 10/19/09 8:49 PM |
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maymama
my little loves
Member since 8/08 18453 total posts
Name:
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by MST9106
Yup, I noticed this too! Also, I just got a notice on one of my cards that they are raising my rate to 29.99%...their reason...to make up for their lost business or something along those lines...I think they're smoking something strong up in that Citibank! Can you believe it????!!!!
i just got this too from citibank. well, they just lost my business by raising the interest rate to that INSANE number, I balance transfered today and will be closing the account.  
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| Posted 10/19/09 8:52 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by mrskparetta
Posted by MST9106
Yup, I noticed this too! Also, I just got a notice on one of my cards that they are raising my rate to 29.99%...their reason...to make up for their lost business or something along those lines...I think they're smoking something strong up in that Citibank! Can you believe it????!!!!
i just got this too from citibank. well, they just lost my business by raising the interest rate to that INSANE number, I balance transfered today and will be closing the account.
I am in a promo rate for a few more months but if they pull this crap with me after it's up- I am DONE with them also
and they will also lose my banking b/c there is no reason to raise rates that high
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| Posted 10/19/09 9:02 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Well you can thank all the people claiming bankrupcy for the CC companies raising their rates. These banks are losing a lot of money due to people defaulting on their accounts.
Lets face it, credit card debt is the most riskiest debt a bank takes on. It's unsecured debt, which is going to carry the highest interest rates.
At least if you default on your mortgage or a car loan, the bank can sieze the collateral.
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| Posted 10/19/09 9:20 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by ave1024
Well you can thank all the people claiming bankrupcy for the CC companies raising their rates. These banks are losing a lot of money due to people defaulting on their accounts.
Lets face it, credit card debt is the most riskiest debt a bank takes on. It's unsecured debt, which is going to carry the highest interest rates.
At least if you default on your mortgage or a car loan, the bank can sieze the collateral.
well maybe less libral banking polices could have prevented all of this mess
banks only have themselves to blame
I wish a few of my applications were denied over the past 7 years
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| Posted 10/19/09 9:48 PM |
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nyisles71
LIF Infant
Member since 9/09 49 total posts
Name:
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
i jsut got this crap from my exxon card which i havent used in almost 8 months.
they gave me the option to opt out but the balance has to be paid by 12/09 ok hello thats just not possible and they know it. and if you opt out the account gets closed which then hurts your credit score.
ya just cant win
i have paid off so much debt this past year and im so close to being debt free and now this? i paid off one card a few months ago before the apr increase and was so happy and now another card tonight comes in the mail with this wonderful news.
it's sooooooooooooo unfair
the best advice i can give everyone- if someone can lend u the money and pay them back when u get your taxes!
it will be saving you so much on interest. im just goin take out of my savings which i hate to do but im losing a lot of money with these increased apr rates
I N S A N E !!! !!!
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| Posted 10/19/09 10:23 PM |
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mommajay
LIF Infant
Member since 7/08 255 total posts
Name:
Jen
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Thanks for the warning. I will check my bill-- I am also set on autopay and never even though to check the due dates.
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| Posted 10/19/09 10:33 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14007 total posts
Name:
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
x
Message edited 10/20/2009 9:35:19 AM.
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| Posted 10/20/09 9:27 AM |
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cjik
Welcome 2010!
Member since 2/06 8879 total posts
Name:
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
They keep inching up on the due dates. Mine was almost late a few months ago because I didn't notice this. But it was with a bank near my home, so I wound up paying the bill at the bank.
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| Posted 10/20/09 3:21 PM |
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cjik
Welcome 2010!
Member since 2/06 8879 total posts
Name:
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by Beth
Posted by ave1024
Well you can thank all the people claiming bankrupcy for the CC companies raising their rates. These banks are losing a lot of money due to people defaulting on their accounts.
Lets face it, credit card debt is the most riskiest debt a bank takes on. It's unsecured debt, which is going to carry the highest interest rates.
At least if you default on your mortgage or a car loan, the bank can sieze the collateral.
well maybe less libral banking polices could have prevented all of this mess
banks only have themselves to blame
I wish a few of my applications were denied over the past 7 years
ITA. Many were giving these cards out like candy, and I know too many people who were approved for huge amounts of credit over the years, too huge really. True, as individuals we all bear responsibility for our spending, but there are some people who shouldn't have received credit cards (or huge lines of credit).
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| Posted 10/20/09 3:24 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
well today I got my citi bank 29.99% letter
which was a waste for them to send b/c after I called they can not change my rate until Jan when my promotional rate is up
after that I opted out- which brings my rate down to about 15% - which is what is was before
the card is active until the expiration date- which is over 2 years from now
I am going to try to pay it off before Jan 15th...wont be easy b/c of my Amex deal - but if anything it will be paid off with in 4 to 6 months of Jan
I am still debating what to do with my bank accounts- I feel like this is a sign that citi is not the place for me
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| Posted 10/20/09 3:29 PM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by Mssissy
This is good to know.
But am I the only one who files their bills to be paid by date?
I can not even tell you if my due dates have changed. Since I get a bill and put in the "to pay" file by date.
Never noticed if the date remained the same or not.
I do it like this too.. I never do autopay- but pay everything based on the due by date on the bill.
The only bill that has a constant date, to my knowledge- are my 2 car leases, which are consistently on the 18th.
I've never been late with a bill, ever..
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| Posted 10/20/09 3:33 PM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Regardless of people going into bankruptcy (which honestly, a lot of the banks are forcing people into by now keeping rates reasonable)- these are the SAME banks that got bail out money out of our pockets- the taxpayers.
These are the SAME banks that are seeing record revenues and are paying out, once again, major MAJOR bonuses....
It just doesn't seem fair- out of one side of their mouths- they are earning money and they're beating street estimates, and out of the other side they're raising rates saying they're "poor"
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| Posted 10/20/09 3:37 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by cjik
Posted by Beth
Posted by ave1024
Well you can thank all the people claiming bankrupcy for the CC companies raising their rates. These banks are losing a lot of money due to people defaulting on their accounts.
Lets face it, credit card debt is the most riskiest debt a bank takes on. It's unsecured debt, which is going to carry the highest interest rates.
At least if you default on your mortgage or a car loan, the bank can sieze the collateral.
well maybe less libral banking polices could have prevented all of this mess
banks only have themselves to blame
I wish a few of my applications were denied over the past 7 years
ITA. Many were giving these cards out like candy, and I know too many people who were approved for huge amounts of credit over the years, too huge really. True, as individuals we all bear responsibility for our spending, but there are some people who shouldn't have received credit cards (or huge lines of credit).
See this is the point. We are all adults here. The banks can give out as much credit as they want based on their risk tolerance, but its up to the consumer to know what their budget is and spend accordingly. You can't (as a consumer) blame the bank for getting in debt because "well the bank gave me a 30k limit". That's like blaming the bank when you can't afford your mortgage payment because the bank pre-approved you for too expensive of a loan.
People always want to pass the buck and blame somebody else for their problems. I just don't see how people can get upset that banks raise their interest rates when its right in the terms that the consumer AGREED to that they can set the rate to whatever they want up to 29.99%.
Either deal with the interest rate hike, or opt out and find another bank to do business with.
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| Posted 10/20/09 3:46 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by ave1024
People always want to pass the buck and blame somebody else for their problems. I just don't see how people can get upset that banks raise their interest rates when its right in the terms that the consumer AGREED to that they can set the rate to whatever they want up to 29.99%.
Either deal with the interest rate hike, or opt out and find another bank to do business with.
really? you don't see how people can get upset by this
as a good customer in good standing on all my bills- and I pay 2 peoples bills on 1 persons income and I pride myself on never missing a payment
I expect banks that I deal with to reward me for being a good customer- since 1998- with out missing a payment- not raise my rate to something for a person with a 520 credit score who is always 30 to 60 days down
I do all my banking with Citi- business, retirement and personal
so when you raise my rate to that- you can bet I am out of there- and I am- I already opted out and got my old rate back after my promo rate ends
I am debating where to take all my other business- but it wont be citi- I am done with them
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| Posted 10/20/09 4:00 PM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by ave1024
Posted by cjik
Posted by Beth
Posted by ave1024
Well you can thank all the people claiming bankrupcy for the CC companies raising their rates. These banks are losing a lot of money due to people defaulting on their accounts.
Lets face it, credit card debt is the most riskiest debt a bank takes on. It's unsecured debt, which is going to carry the highest interest rates.
At least if you default on your mortgage or a car loan, the bank can sieze the collateral.
well maybe less libral banking polices could have prevented all of this mess
banks only have themselves to blame
I wish a few of my applications were denied over the past 7 years
ITA. Many were giving these cards out like candy, and I know too many people who were approved for huge amounts of credit over the years, too huge really. True, as individuals we all bear responsibility for our spending, but there are some people who shouldn't have received credit cards (or huge lines of credit).
See this is the point. We are all adults here. The banks can give out as much credit as they want based on their risk tolerance, but its up to the consumer to know what their budget is and spend accordingly. You can't (as a consumer) blame the bank for getting in debt because "well the bank gave me a 30k limit". That's like blaming the bank when you can't afford your mortgage payment because the bank pre-approved you for too expensive of a loan.
People always want to pass the buck and blame somebody else for their problems. I just don't see how people can get upset that banks raise their interest rates when its right in the terms that the consumer AGREED to that they can set the rate to whatever they want up to 29.99%.
Either deal with the interest rate hike, or opt out and find another bank to do business with.
Understandable- but for example- what's happening to my dad's business is he had lines of credit at say, 15% interest- he was never EVER late paying the credit cards- made always more than the minimum payment.
Now the credit card companies have decided that 15% isn't enough money- and on the heels of the government's new rules- wants to squeeze out as money as they can.
They've changed the rates to excessive amounts, thereby oftentimes doubling or TRIPLING the monthly payments- making it harder and harder for my Dad to pay the bills.
At this point, it's not even about the FICO score- it's about being able to pay the monthly bill for a lot of people. I know a lot of people already whose FICOs have gone into the sewer due to the c/c companies lowering their available lines of credit- multiple times on one card- every time they are able to pay it down, so their D/C ratio never improves.
Then, the banks use the D/C ratio to raise the rates- saying that the customer is a "risk"- a "risk" the bank, themselves, created in order to make more money.
The whole thing is ridiculous and should be illegal... which is what congress is trying to do with the new legislation.
While we all agreed to the "terms" when accepting the card, I think we can all agree that historically there hasn't been another time where c/c companies have squeezed out consumers like this. It is widespread so obviously due to the impending legislation.
Personally, I am blessed that DH and I don't revolve any c/c debt- we pay it off every month- even if it means chopped meat and pasta for a few weeks. But honestly, it is easy to see- especially in these economic times, how people turn to credit cards when there is no other choice- such as medical bills, or just to live off of while looking for work.
It is sick.. and again, these banks are making big bucks again- so the fact that they are doing this- it is disgusting.. whether the are legally in the right or what.
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| Posted 10/20/09 4:08 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by Beth
Posted by ave1024
People always want to pass the buck and blame somebody else for their problems. I just don't see how people can get upset that banks raise their interest rates when its right in the terms that the consumer AGREED to that they can set the rate to whatever they want up to 29.99%.
Either deal with the interest rate hike, or opt out and find another bank to do business with.
really? you don't see how people can get upset by this
as a good customer in good standing on all my bills- and I pay 2 peoples bills on 1 persons income and I pride myself on never missing a payment
I expect banks that I deal with to reward me for being a good customer- since 1998- with out missing a payment- not raise my rate to something for a person with a 520 credit score who is always 30 to 60 days down
I do all my banking with Citi- business, retirement and personal
so when you raise my rate to that- you can bet I am out of there- and I am- I already opted out and got my old rate back after my promo rate ends
I am debating where to take all my other business- but it wont be citi- I am done with them
No I really can't see how people can get upset over this. It's in the terms and conditions that have been there for years. Banks are just starting to enforce these terms now because money is tighter.
You have the right as a customer to take your business elsewhere. Right now in my personal experiences Citibank and Chase can pretty much go to hell. While I have been quite pleased with Bank Of America (for credit cards), and Capital One (for banking).
I would probably only be ****** if I lost out on a juicy promo deal or they closed a card that gave me great perks (like the 2% cashback card I use).
If you are carrying a balance at 14% interest, you would most likely be better off moving that balance to a low rate card anyways with a promo offer. And if you had a promo offer, they CAN'T raise your rates during the promo unless you default.
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| Posted 10/20/09 4:11 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by Sassyz75
Understandable- but for example- what's happening to my dad's business is he had lines of credit at say, 15% interest- he was never EVER late paying the credit cards- made always more than the minimum payment.
Now the credit card companies have decided that 15% isn't enough money- and on the heels of the government's new rules- wants to squeeze out as money as they can.
They've changed the rates to excessive amounts, thereby oftentimes doubling or TRIPLING the monthly payments- making it harder and harder for my Dad to pay the bills.
And like I said previously, your dad has the choice to take his banking elsewhere.
There are SOOOO many banks out there. Especially for businesses. And there are banks out there that are hungry for your business. I have busiess cards with AMEX, Citi, Discover, Chase, Juniper, Bank Of America, Advanta (although they recently went under). There are plenty of options.
And if your dad has an established business that's been around for a few years, business credit is even EASIER to get than personal credit.
Message edited 10/20/2009 4:16:32 PM.
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| Posted 10/20/09 4:16 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by ave1024
If you are carrying a balance at 14% interest, you would most likely be better off moving that balance to a low rate card anyways with a promo offer. And if you had a promo offer, they CAN'T raise your rates during the promo unless you default.
things happen in life beyond your control...I was planning on being a 32 year old widow and getting left with tons of medical and other bills
I have no choice but to carry a balance on that card at the moment
hopefully with the help of my BF and maybe getting a settlement sooner then I thought I wont have to carry a balacne much longer
they are NOT changing my rate during the promo period- I opted out and I get my old rate back after January
I am so done with them- they got me to take this promo of 5% for 9 months so that I wouldn't have to close my account
but now I think I might try to get into a hardship program since I am closing my account anyway
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| Posted 10/20/09 4:20 PM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by ave1024
Posted by Sassyz75
Understandable- but for example- what's happening to my dad's business is he had lines of credit at say, 15% interest- he was never EVER late paying the credit cards- made always more than the minimum payment.
Now the credit card companies have decided that 15% isn't enough money- and on the heels of the government's new rules- wants to squeeze out as money as they can.
They've changed the rates to excessive amounts, thereby oftentimes doubling or TRIPLING the monthly payments- making it harder and harder for my Dad to pay the bills.
And like I said previously, your dad has the choice to take his banking elsewhere.
There are SOOOO many banks out there. Especially for businesses. And there are banks out there that are hungry for your business. I have busiess cards with AMEX, Citi, Discover, Chase, Juniper, Bank Of America, Advanta (although they recently went under). There are plenty of options.
And if your dad has an established business that's been around for a few years, business credit is even EASIER to get than personal credit.
I don't think so- I don't know of many banks that are loaning to ANYONE.. not these days. Especially now that his FICO is in the crapper due to the banks constantly lowering his limit- he can't get any really juicy offers- so transfering out a balance isn't an option.
You assume that you can so easily switch out your balance from one bank to the next- not so when every bank he does business with- EXCEPT capital one (chase, BoA, AmEx, etc) has raised rates/lowered limits.
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| Posted 10/20/09 4:40 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by Sassyz75
You assume that you can so easily switch out your balance from one bank to the next- not so when every bank he does business with- EXCEPT capital one (chase, BoA, AmEx, etc) has raised rates/lowered limits.
those days are done...
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| Posted 10/20/09 4:42 PM |
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DiamondGirl
You are my I love you
Member since 7/09 18802 total posts
Name:
DiamondMama
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
It is all a joke.
Someone said "we are all adults" yes we are, but someone making $30,000 a year should not be given a credit limit of 30k a year...it is asine.
If I told you the mortgage DH and I were approved for a year and half ago and our income you would faint...
sure we opted to do the smart thing and live within our means BUT many people do not...
all adults are not created equal, some make better decisions than others...there should be more constraints on the amount of credit given based on income. period.
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| Posted 10/20/09 4:45 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by Sassyz75
I don't think so- I don't know of many banks that are loaning to ANYONE.. not these days. Especially now that his FICO is in the crapper due to the banks constantly lowering his limit- he can't get any really juicy offers- so transfering out a balance isn't an option.
You assume that you can so easily switch out your balance from one bank to the next- not so when every bank he does business with- EXCEPT capital one (chase, BoA, AmEx, etc) has raised rates/lowered limits.
Then this is decided on a case by case basis then. I have credit cards with almost every major bank and I have yet to have a bank jack my rates to 29.99%. Ive had a few banks close accounts due to inactivity. Some raised my rates a little bit. But nothing too drastic. But then again I don't carry balances so maybe they are only doing this on accounts that are carrying a balance.
Also there are still plenty of banks that are still lending. Don't believe the media hype machine saying that nobody is lending and we are in this huge credit crunch.
I was able to open business credit lines on a brand new business that didn't even have a TIN or any sales revenue. I basically said the business was 0 years old and had 0 revenue. I got a 25k credit limit! The banks simply used my personal credit profile as a barometer to decide if I was credit worthy. If you have an actual legit business like I mentioned above, credit is even easier to get.
And it doesn't matter if every bank is raising/lowering lines, because pretty much every bank has promotional rates available. What banks do on promotional offers, and what they are doing to non-promo accounts are two different things.
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| Posted 10/20/09 4:56 PM |
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smdl
I love Gary too..on a plate!
Member since 5/06 32461 total posts
Name:
me
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Re: PSA- check your credit card due dates- esp if you don't get mailed statements
Posted by ave1024
Posted by Sassyz75
I don't think so- I don't know of many banks that are loaning to ANYONE.. not these days. Especially now that his FICO is in the crapper due to the banks constantly lowering his limit- he can't get any really juicy offers- so transfering out a balance isn't an option.
You assume that you can so easily switch out your balance from one bank to the next- not so when every bank he does business with- EXCEPT capital one (chase, BoA, AmEx, etc) has raised rates/lowered limits.
Then this is decided on a case by case basis then. I have credit cards with almost every major bank and I have yet to have a bank jack my rates to 29.99%. Ive had a few banks close accounts due to inactivity. Some raised my rates a little bit. But nothing too drastic. But then again I don't carry balances so maybe they are only doing this on accounts that are carrying a balance.
Also there are still plenty of banks that are still lending. Don't believe the media hype machine saying that nobody is lending and we are in this huge credit crunch.
I was able to open business credit lines on a brand new business that didn't even have a TIN or any sales revenue. I basically said the business was 0 years old and had 0 revenue. I got a 25k credit limit! The banks simply used my personal credit profile as a barometer to decide if I was credit worthy. If you have an actual legit business like I mentioned above, credit is even easier to get.
And it doesn't matter if every bank is raising/lowering lines, because pretty much every bank has promotional rates available. What banks do on promotional offers, and what they are doing to non-promo accounts are two different things.
I have had an Amex card for over 10 years. Never carry a balance. I pay all balances off every month. I received a letter from them last month that my interest rate would be raised to 28%. I have never been late and I have a very good line of credit.
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| Posted 10/20/09 5:02 PM |
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