Members steve_man Posted August 24, 2009 Members Share Posted August 24, 2009 I bought a couple Fenders over Christmas using the no interest one year credit card. I set it up to be the amount due divided by 11 to monthly auto pay from my bank account with over a weeks payment in advance. At the July 2nd due date that this auto pay should have arrived well in advance of I just looked at my recent statement & noticed there were late charges. I called to find they did not post to my account until the 7th. I believe they pushed aside some of their billing until after the Holiday and I get screwed for a late charge that compounds that the next moth cycle my min payment required went from 1/2 of what I was paying to 3 dollars over my payment again resulting in a late charge. Bottom line is buyer beware & they are losing my business because of this! I have major problems with them about a year ago. Bought a guitar and returned it. Several months later, they had not refunded the money to my account, and had charged me several late fees. Long story short, after a LONG time on the phone, they got it straightened out...and I closed my account... Link to comment Share on other sites More sharing options...
Members evh1984 Posted August 24, 2009 Members Share Posted August 24, 2009 Bottom line is buyer beware & they are losing my business because of this! OMG! Don't let steve man (:poke: )find out you've decided to stop purchasing from MF just b/c you got bad service! Link to comment Share on other sites More sharing options...
Members whiteop Posted August 24, 2009 Members Share Posted August 24, 2009 seems a lot of the credit card companies are manipulating their posting dates and processing times to create late fees now to create capital to keep their companies afloat. It's a shameful practice but nonetheless they seem to do it, especially to the younger folks. They don't seem to do it to their more experienced customers from what I've seen. I think most of us forget the credit card companies love the late fees. After all they're in business to make money. I guess the normal 20 + % APR they're charging just isn't enough right now... Link to comment Share on other sites More sharing options...
Members bvr775 Posted August 25, 2009 Members Share Posted August 25, 2009 Being "rich" is relative. Being able to pay cash for a 2100 sq ft house w/ shop with cash in my area makes you rich in my area. Perhaps you got lucky on investments, had a free ride in college, sold a business you started for a nice profit, or live extremely frugally but your story is not in anyway the average and I would say is on the exceptional side of the norm. its not luck and i didnt go to college. like i said i started with nothing. i went offshore and worked. i learned the trade and advanced in the company quickly. . if your not afraid of working your ass off for a few years, it can be done by anyone. i bought my first house when i was 19 for 10,000. fixed it up and turned it 3 years later for 105,000, payed the loan off and bought 2 more houses. it helps that i can do all ALL the work myself for 70% less than a contractor because all i have is material costs. I also restore classic car and build hot rods (not rat rods) and sell them. on avg i spend 10-15g and sell for 20-50g again i learned to do the work myself. i invest my money and it makes more money. i bought this house and my shiny new red dodge off this quarters interest. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.