Best Buy And HSBC Bank Excesive and unbased late charges City Of Industry California

This is what I have experienced. You get credit for a purchase of, let's say $400.00. They say that you have 0% financing for 6 months. You may only have a $10 minimum payment. You can make that Minimum payment on time every month but if, within the 6 months, you don't pay off the entire purchase or "promotion" amount, the will charge you the interest for all 6 of the months from the time of purchase. The 0% interest is conditional as to payment in full before the 6 month promotional period expires.

Well, I don't know when your due dates were, but I send mine by mail at least 2 days before the recommended mail date, which is over a week away. I live in Iowa and the money is mailed to Illinois. Yet twice now I've had them charge me for having a late payment of one day late. This too me sounds like a lie, I am currently mailing my letters with a confirmed delivery where the post office informs me when the letter shows up. So far its only taken 2-3 days, so I'm starting to wonder if its not a lie. Again I don't know about your issue, but it wouldn't suprise me if it was just them.

I have to agree with Ashley. From the payment schedule you claim (Feb 18, Mar 4, Apr 6 and May 25), it sounds like you were making your own due dates. When did the COMPANY tell you the payments were due? I have never had a credit card in my life that allowed more than 30 days - 25 is the norm now - to make payments (Apr 6 - May 25 is almost TWO months - there is no way that the May payment was on time). $39 is a pretty standard late fee amount. Also it is clear you are not presenting the entire situation ("...I was told that's how they do it." Do what?). I used to work for a major credit card company, and heard something similar to your, "I paid five times the amount due" argument all the time. It does not matter the amount of the payment. You must make payments every month BY the due date to avoid late fees with ANY credit card. Check online again. I'm sure that wherever it was that told you to make $10 payments, it also gives a date by which to make them. You were NOT ripped off.

You were probably late. It does not matter how MUCH you are paying each month, you still have to make a payment above the minimum before the due date on your credit card every month. Since you missed a due date and you were late, they are probably going to charge you finance charges now for not living up to your end of the deal.