Ashley
springfield,#2Consumer Comment
Thu, August 16, 2012
but you are the one 100% in the wrong here.
You charged $118 in january and "forgot" about it. How is this the bank's fault in any way shape or form? I'm assuming that you recieved monthly statements. That's how the bank reminds you to pay. Since you mention email, I am also guessing that you were signed up for paperless billing which means your statement goes to your email on file. You are the one that has your email set to delete all those emails. Again, your spam filter deleting important emails from a bank is not the bank's fault. In both cases its 100% your fault. The bank is under obligation to call you every month and ask where the payment is. You signed an agreement with the bank to pay your bill on a certain day. You also signed an agreement that they would charge you late fees if the bill was paid late. You also agreed to pay interest on the purchase monthly for any unpaid balance.
You actually have the audacity to think that a charge you made in january and that you did not pay would have zero interest and late fees come june? Are these companies in the business of loaning interest free money for indefinite time periods? So, in your wisdom, you decide that you are only obligated to the original balance of $118 and pay that, ignoring all interest and late fees. Of course by the end of july you are going to owe additional interest and additional late fees, you are still ignoring your bill. Is this your first credit card? They all work this way. Every single one of them.
Now you say you are going to ignore the $42.75 in late fees and interest on the money you ignored and refused to pay from june.... You know what's going to happen don't you? They will continue to report you delinquent to the credit bureau. You will continue to get charged interest on this debt. You will continue to rack up late fees. Eventually it will be turned over to collections. Eventually they will sue you to get a judgement. They have a signed contract from you that details all the terms and conditions of your card. So ignore it at your own risk.