Patrick
Pawleys Island,#2Consumer Comment
Sun, November 04, 2007
Homeq bought my mortgage about 6 months ago. I've had a few mortgages and this has got to be the worst company there is. I wish they would sell mine off to another lender. When the rates go back down I will do a refi just to get away from Homeq.
Nikki
Coconut Creek,#3Consumer Suggestion
Sun, November 04, 2007
First, there is really no "grace" period anymore. It only means if you pay before that date, you don't incur any additional late fees. Your statement probably shows due on the 1st. If payment is made after the 15th, add $$. That is not really a grace period. Creditors used to tell you that you had a 10 day grace period for mailing, but most don't anymore. By putting the additional fee on statements (if you pay after this date, pay more), it makes us feel as though we have a grace period. Second, when you get a deferment, that means the next payment is due on or before the next due date, or the deferment is cancelled. Yes, even 2 days late is late. They may not have told you this, but they do make you agree to make your next payment on time. When granting a deferment, they may have said something like, "So you will be paying the next payment on January 1?" and you probably answered yes. That means you agreed to pay the next payment by the due date and that is part of the deferment agreement (even though they don't explain that your deferment will be cancelled if you are even 1 day late). They don't have to, you already agreed to pay the next payment on the 1st. Had you looked at a calendar, you may have figured out that you couldn't pay it until the 2nd or 3rd, and answered with that answer. Then you would have been given further info. If you are ever granted a deferment again, whether it be for a car or mortgage, or anything, you must pay the next payment by the due date or the deferment will be rescinded.
Nikki
Coconut Creek,#4Consumer Suggestion
Sun, November 04, 2007
First, there is really no "grace" period anymore. It only means if you pay before that date, you don't incur any additional late fees. Your statement probably shows due on the 1st. If payment is made after the 15th, add $$. That is not really a grace period. Creditors used to tell you that you had a 10 day grace period for mailing, but most don't anymore. By putting the additional fee on statements (if you pay after this date, pay more), it makes us feel as though we have a grace period. Second, when you get a deferment, that means the next payment is due on or before the next due date, or the deferment is cancelled. Yes, even 2 days late is late. They may not have told you this, but they do make you agree to make your next payment on time. When granting a deferment, they may have said something like, "So you will be paying the next payment on January 1?" and you probably answered yes. That means you agreed to pay the next payment by the due date and that is part of the deferment agreement (even though they don't explain that your deferment will be cancelled if you are even 1 day late). They don't have to, you already agreed to pay the next payment on the 1st. Had you looked at a calendar, you may have figured out that you couldn't pay it until the 2nd or 3rd, and answered with that answer. Then you would have been given further info. If you are ever granted a deferment again, whether it be for a car or mortgage, or anything, you must pay the next payment by the due date or the deferment will be rescinded.
Nikki
Coconut Creek,#5Consumer Suggestion
Sun, November 04, 2007
First, there is really no "grace" period anymore. It only means if you pay before that date, you don't incur any additional late fees. Your statement probably shows due on the 1st. If payment is made after the 15th, add $$. That is not really a grace period. Creditors used to tell you that you had a 10 day grace period for mailing, but most don't anymore. By putting the additional fee on statements (if you pay after this date, pay more), it makes us feel as though we have a grace period. Second, when you get a deferment, that means the next payment is due on or before the next due date, or the deferment is cancelled. Yes, even 2 days late is late. They may not have told you this, but they do make you agree to make your next payment on time. When granting a deferment, they may have said something like, "So you will be paying the next payment on January 1?" and you probably answered yes. That means you agreed to pay the next payment by the due date and that is part of the deferment agreement (even though they don't explain that your deferment will be cancelled if you are even 1 day late). They don't have to, you already agreed to pay the next payment on the 1st. Had you looked at a calendar, you may have figured out that you couldn't pay it until the 2nd or 3rd, and answered with that answer. Then you would have been given further info. If you are ever granted a deferment again, whether it be for a car or mortgage, or anything, you must pay the next payment by the due date or the deferment will be rescinded.
Nikki
Coconut Creek,#6Consumer Suggestion
Sun, November 04, 2007
First, there is really no "grace" period anymore. It only means if you pay before that date, you don't incur any additional late fees. Your statement probably shows due on the 1st. If payment is made after the 15th, add $$. That is not really a grace period. Creditors used to tell you that you had a 10 day grace period for mailing, but most don't anymore. By putting the additional fee on statements (if you pay after this date, pay more), it makes us feel as though we have a grace period. Second, when you get a deferment, that means the next payment is due on or before the next due date, or the deferment is cancelled. Yes, even 2 days late is late. They may not have told you this, but they do make you agree to make your next payment on time. When granting a deferment, they may have said something like, "So you will be paying the next payment on January 1?" and you probably answered yes. That means you agreed to pay the next payment by the due date and that is part of the deferment agreement (even though they don't explain that your deferment will be cancelled if you are even 1 day late). They don't have to, you already agreed to pay the next payment on the 1st. Had you looked at a calendar, you may have figured out that you couldn't pay it until the 2nd or 3rd, and answered with that answer. Then you would have been given further info. If you are ever granted a deferment again, whether it be for a car or mortgage, or anything, you must pay the next payment by the due date or the deferment will be rescinded.