Balls!

I've thought I had everything running smooth and made a mistake. I've got 7 citi cards between the wife and I, and have been making payments through my bofa checking online. I guess what happened, was one of them was on my spreadsheet, but I must have signed up for paperless accidently, and missed the payment.

I just realized it myself looking over my sheet, and noticed the balance didn't go down. I signed into CITI and found out it was paperless and my payment was 5 days late! I signed up for their online bill and did an ACH right away. I've never had a late payment in 15 years on anything and am curious how bad this hurts the credit report? I could care less about a late fee---I am worried about my rating. I guess paying/tracking 18 cards isn't as easy as I thought!

Anybody ever late a payment, and see the consequences? I sent an online message describing my situation, and begging forgiveness.

Thanks for any help in advance

gather up as much food, water and ammunition as you can and head for the nearest fallout shelter.

willy432 said:Balls!

I've thought I had everything running smooth and made a mistake. I've got 7 citi cards between the wife and I, and have been making payments through my bofa checking online. I guess what happened, was one of them was on my spreadsheet, but I must have signed up for paperless accidently, and missed the payment.

I just realized it myself looking over my sheet, and noticed the balance didn't go down. I signed into CITI and found out it was paperless and my payment was 5 days late! I signed up for their online bill and did an ACH right away. I've never had a late payment in 15 years on anything and am curious how bad this hurts the credit report? I could care less about a late fee---I am worried about my rating. I guess paying/tracking 18 cards isn't as easy as I thought!


Anybody ever late a payment, and see the consequences? I sent an online message describing my situation, and begging forgiveness.

Thanks for any help in advance

You shouldn't worry about it, 5 days late isn't going to affect your credit report. The thing you have to worry about is whether or not this raises a red flag with Citi.

I did this same thing with my Chase Biz card about 2 months ago. I usually check all my statements online, and when I came around to the Chase one last time around I noticed a finance charge. Not very much, but any finance charge is too much! So I called up Chase and asked what happened, thought I had paid all my payments on time. She described that I did not and all I did was ask for a little bit of compassion, which was easily granted.

I see that it would be easy for them to deny you over internet because it is so impersonal, but having you on the phone begging is totally different. Do what it takes because it can affect your other cards, from the same company, if they so choose.

Another situation I had in December was with my Bank Atlantic Card when I just totally missed the payment, but realized it 3 or four days later, paid it right away. After the payment hit, I called them up and all I asked for was a reverse of the missed payment fee, like 40 bucks. Never saw any finance charges, I even asked and the CSR said there was no telling if it would show up, but it could... The BT was only for 10k so I thought I would gamble, and came out ahead. Even if I was wrong I could ask them to reverse it after it showed up on the statement.

Typically the late payments for a short duration won't show up on your credit report either. You can usually get the one time forgiveness for at least the late payment fee, everything else is up to the CC review agency.

willy432 said:Thanks for the help idiot!

Perhaps some f/w folks will think your internet wit is funny? Or perhaps we will lump you with the other idiots who have invaded our board over the last couple years who make stupid remarks to get their post count up?

BTW, I found his post refreshing and witty. If you had been reading the boards for very long you will know that he only uses this humor because this question has been posted many times before. I understand the stress you face since you probably just figured out that you missed the payment and are looking for some real help, but just sit back and try to laugh to, your solution will come.

PorStaker said:I did this same thing with my Chase Biz card about 2 months ago. I usually check all my statements online, and when I came around to the Chase one last time around I noticed a finance charge. Not very much, but any finance charge is too much! So I called up Chase and asked what happened, thought I had paid all my payments on time. She described that I did not and all I did was ask for a little bit of compassion, which was easily granted.
...

I was late (< 5 days) on Chase business after switching billpay providers which is my fault. No late fee, no rate jack (7.9% fixed), no two-cycle billing catchup, and I'm still getting BT offers (already used 2 * 30k BT before this). It seems chase doesn't really care that much and they haven't made a dime from me.

poo said:
I was late (< 5 days) on Chase business after switching billpay providers which is my fault. No late fee, no rate jack (7.9% fixed), no two-cycle billing catchup, and I'm still getting BT offers (already used 2 * 30k BT before this). It seems chase doesn't really care that much and they haven't made a dime from me.

So you use BT offers in an AOR type fashion yet red EVERY AOR thread. Care to explain?

ArbolLoco said:gather up as much food, water and ammunition as you can and head for the nearest fallout shelter.

I gotta say, this really was funny

You've gotten some good advice, no ding on the credit report! Just make sure they don't take away your promo rate, read the T&C you get 1 or 2 freebee lates with the big boys. BUT I WOULDN'T PUSH IT!

As for the rest of you! I look forward to your next humorus attack

consider using yodlee to aggregate your accounts.

They send email alerts when a payment is due soon.

my brother missed a payment on a $10k citi 0% deal, he didn't find out until he received the next statement with $30 late fee and $250 finance charge, he paid off the whole balance and i called on his behalf, talked to a nice manager he reversed all the charges although i didn't go as far as to ask the 0% be reinstated, i asked him if the late payment would be reported to credit bureau, he said not until it's past due 30 days, i advise you to ask citi as a one time courtesy given your good payment history to waive your late fee and interest charges as well