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Ask credit questions ...I had a chase credit card with $1475. owed on it with a $1500. limit. I stopped paying on it when I made a pmt after the time frame of 2 pm. on line. therefore it made my payment post for the next day and chase increased my interest rate as it made my payment count as being late.not to mention it brought my acount now over the limit and they hit me with a $39.00 fee for that. After trying to talk to them over it, I got no where with them so I stopped payment on it. It went through several third party credit agencies. Now one of them is sueing me for 3800.00. THIS WAS from 3 years ago. W
credit questions
Hi hanntiques,
Welcome to this community :)
If you make the payment after the stipulated time, even on the due date, the creditor can charge you late fees. Thus, you could have paid off the fee. If you would not have stopped the payments then the debt would not have amounted to this.
Can I know which state you are in? If the Statute of Limitations (SOL) on this debt has still not expired you can get sued for this debt. please let me know the actual date when the last payment was made.
Thanks,
Aaron