Hi,
I've got a credit card which I direct debit out of my account on the 10th of each month. Looking at my statements my due date has been the 8th of the month. They have been charging me a late fee every month even though I have been paying more than the min payment to them on the 10th of every month.
I agree I should be charged a late fee for the first month as my payment was due on the 8th and I payed on the 10th but I don't see how they can continue to charge me a late fee for every following month as I've actually payed them really early in the month (2 days after the previous due date).
I've contacted them and they say that my card is being processed between the 8th and the 11th of each month and that my payment goes in as late but still gets counted in that month and therefore I am late for the next month again as this pattern reoccurs. Is this legal to charge me a late fee every month even though I'm making a repayment every month. I know now I can just change my DD date but can I recoup the late fees I've already payed as the credit card company say I cannot. Any advice would be appreciated.
Are confusing a standing order and a direct debit....
I've got a credit card which I direct debit out of my account on the 10th of each month...
It's a very interesting way of looking at it which I had not thought of before. Let's see how it might workI was looking at it as the late repayment for 1 month would be seen as being early for the next.
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