1. Statement date 4/20. $40 due by 5/15. $0 past due
Payment was made on 5/1 in the amount of $61 ($21 extra)
2. Statement date 5/22. $20 due by 6/16. $0 past due
Payment was made on 5/22 in the amount of $60. ($40 extra)
3. Statement date 6/21. $20 due by 7/16. $0 past due
Payment was made early on 6/15 in the amount of $50 ($30 extra)
4. Statement date 7/23 $40 due by 8/17. $20 past due Plus $25 Late fee (What?)
Payment was made early 7/30 in the amount of $50. ($10 extra)
5. Statement date 8/22 $20 due by 9/16 $0 past due
Payment was made early on 8/21 in the amount of $40 ($20 extra)
6. Statement date 9/24 103.44 due by 10/19 $20 past due plus $25 late fee and $25 over the limit fee (What?)
Payment was made on 10/9 in the amount of $110 ($6.56 extra)
SO I reviewed my statements. All of the payments I made early were not put towards the next due date - they were put towards the previous month. Because my payment #5 was not put towards the correct date - they charged me a late fee - because of the late fee that they incorrectly charged me - it put me over my limit - and then they charged me an over the limit fee. And woah you guessed it - finance charges up the butt, exceed establised credit limit. Just a bunch of garbage. So next time you try to get ahead paying early and paying in double the amount due make sure you accuratly document it on your check what month it is going towards. Oh and when you make a payment each month - make sure that you Aways write - Apply entire payment to principal balance because your finance charges are based on your principal balance. If your Principal is low - then so are your finance charges. Unless you do that you will always be paying finance and never your actual bill.
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