Quote:
Originally Posted by insidethewrapper
Sent a check to pay for my credit card and it never arrived. I talked with the credit card company and they waived the late payment fees and interest fees. Now I have to stop payment on the check which was sent 6 weeks ago, this will cost me $ 28.
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When I was with the PO, one of our biggest problems was checks that were sent to credit card companies. These companies receive 10's of thousands of checks every day, and they seem to have problems handling the volume of letters and checks. We had constant complaints about credit card companies, even with payments that were sent by Certified Mail and required a signature. The companies would receive the letters but it would be several days before they processed them.
I think they are doing this on purpose so they can make more money on interest and late fees.