CommentWe needed to get our roof reshingled so we purchased them on our new Menards Card.
Now normally I pay my bills WAY ahead of time but was in the middle of a job change so I do admit leaving it until way later than I normally would have.
Bill was due June 9th. I sent out both payments (both my husband and I have a card) in one envelope. 1st mistake...
I just happen to remember the day I mailed it b/c it was also getting mailed with my father's birthday card. His b-day was 9th of June. I mailed it out on am of the 5th -- very early. My dad who also lives in Illinois (which is where the MEnards payment was going) -- got his card on the 8th.
Funny how Menards didn't get my payment until the 10th. So I was charged $70.00 in late fines. And over $70 in interest plus my interest rate went up to 21% -- 45% APR on the one card!
I realize it was borderline with the post office, but you know they held it one day even if they got it on the 9th!
I have given Menards a choice. Either close my acct or give me a more reasonable rate.
That's what I don't get... how can credit card companies get aaway with such predatory lending practices!? The economy problem didn't start with the housing; it started with the credit cards and then people using their equity to get out of their credit card debt!
 Comments (1) |  |
| 1. Written by reality check, on 30-06-2009 21:41 You say "Menards" didn't get your payment on time and you have given "Menards" a choice. Don't you understand that Menards has nothing to do with your credit account other than accepting it as a form of payment. Your beef is with the Hongkong and Shanghai Banking Corporation, better known in the US as HSBC. |
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