Ashley
Springfield,#2Consumer Suggestion
Mon, May 18, 2009
"I am not behind but I do go into my 10 day grace period depending on my bills to pay what payday." If you pay even 1 day past your due date then you are late. Even in the grace period. "I have been receiving my calls up to 20 a day. I refuse to answer since it is on my cell phone." This is why they keep calling. Creditors will keep calling over and over again until they talk to you. Stop dodging their calls and communicate with them. Then they won't call you every half hour. "Today this Jackie calls and uses a number from my state which is Tennessee, and she leaves a number for me to call back. She instructed me that her driver is going to be here at 3pm and if the vehicle is not here then she will know I am hiding it." If they are telling you this, then there's no way you are current on your account. banks don't want to repossess unless they have to. "I even sent them letters back and gave them the info on my account of what I owe, and they are trying to make me pay more than what is suppose to be." Every day that you are late they charge you additional interest for being late. Its how simple interest works. The more often you late, the more money you owe. Its a vicious cycle. Look up simple interest to see where these additional charges are coming from. If you are 10-15 days late every month, it will wipe away any money paid towards your principle usually.
Resty
Waunakee,#3Consumer Comment
Mon, May 18, 2009
that the ONLY people screaming for law suits are the ones who are ALWAYS behind or late? If these people practice such illegal tactics EVERY customer would see it or be aware of them and everyone they deal with would be screaming for a class action.....not just those who are ALWAYS late/behind on payments. You can't afford to keep current on your load payments to them HOW the hell are you gonna afford any kind of law suit against them or anyone else? pay on time and you wont have issues
Maggiecreek
Oak Ridge,#4Author of original report
Sun, May 17, 2009
According to their research and the banks I am not behind and I am up to date and the bureau said I am 1 month ahead.
John
Califon,#5Consumer Comment
Sat, April 04, 2009
Where do you get the idea you are not? The 'grace period' is only a period void of extra interest charges/late fees. You are still late ANY time it is paid after a due date.