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What happens when you pay less than the minimum due?What happens when you pay less than the minimum due?
dance82 said: "If you make a payment of less than the minimum amount due, would they charge you a late fee for not paying what is due? Or would they accept that as a payment without charging a late fee?"
Omega blood said: "I've done this with my car payments. I don't know what I looks like since my car isn't in my name. On the bill it says it's an overdue amount,but no extra charges are assesed. I figure it's better than paying nothing and missing a payment altogether."
David said: "Try that with a CC and watch what happens..
The CC companies see that under payment and it would be like letting a teenager loose in a ho house. They would be running crazy all over the place slapping charged on left and right.. plus your rate would hit max allowable by law.
Who remembers when charging the rates they do today was against the law.. and fell under the RICO act LOL"
dance82 said: "ok... it is a CC that I was considering doing this with, just this once to have some extra xmas money... but I guess I will just have to pay the whole minimum balance. Thanks for letting me know."
David said: "quick question.
How long have you had the account?
If its been a long time.. you might be able to get them to defer a payment one time.. for an Emergency.
Think about your relationship with the cc company.. and go from there.
if you own a house or car.. they might defer one payment for you as well."
TommyV said: "Times are tough at Christmas but don't miss a payment. What's the due date? Would it possible to send half of the min payment now and half before the due date hits? Maybe that would buy you some time.
Hard call to make on this one. If the card is current and in good standing the late could haunt you for a long time."
David said: "[QUOTE=TommyV]Times are tough at Christmas but don't miss a payment. What's the due date? Would it possible to send half of the min payment now and half before the due date hits? Maybe that would buy you some time.
Hard call to make on this one. If the card is current and in good standing the late could haunt you for a long time.[/QUOTE]
Tommy.. i have used the skip payment option one time on my last car.. that helped me out alot.. its possible that the OP might be able to do use a skip payment if one of her OC's allow it."
shawnosu11 said: "If I filed bankrutcy 3 years ago can the credit account still show the late payments even if these account were included or can the late payments goes as unrated"
David said: "[QUOTE=shawnosu11]If I filed bankrutcy 3 years ago can the credit account still show the late payments even if these account were included or can the late payments goes as unrated[/QUOTE]
NO!
who's the card for?"
Rena said: "[QUOTE=dance82]If you make a payment of less than the minimum amount due, would they charge you a late fee for not paying what is due? Or would they accept that as a payment without charging a late fee?[/QUOTE]
This morning on the news I watched discussion about this topic. Representative explained that it is very important to make credit card payments on time. If you cannot make min payment make is lower payment. IT IS OK!!! They will not apply late fees if 'less min' payment was made on time. Also you may call credit card companies and tell them your situation. In most cases they will help you out with the payments especially big credit cards co.
Best of luck"