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robdillon

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  1. My Visa card with this credit union was due on the 4th of last month. The new billing date is 7th of this month. I paid today just in time before this month's due date to avoid a 30 day late. The credit union says "you paid on the 31st day and you will take a 30 day late hit". They say "Its reported automatically" and does not matter that "i paid before the next billing date" Whats your experience with these sort of billing dates. Do you think I took a 30 day hit?
  2. I fell back on my amex charge card payments(business credit) and was given payment options to pay a fixed amount on the 15 th of each month. I asked if it will reflect on my credit report and if I can keep the cards after paying in full. I was told that its an internal issue and as long as I honor the payments I will be fine with both keeping the cards and also not reporting to any credit. They failed to inform me that the last payment would make the account delinquent by 152 days and shut down all cards and report to the personal and business credit reports on the 13th(the 150 th day). I make the payments usually on the 15th which pays off the cards in full and come to know that a) It will hit all credit reports soon. That all amex accounts will be closed. Depending on whom I speak they tell me that negative reporting is inevitable (on the 150th day) or It may not be reported because I paid off in full before they reported (which may be a few days after the 150 th day) Based on your personal experiences which of the above do you think will happen. And if it reports when do you think it should reflect on my report. And what do you think of my future relationship with amex. Am I banned for life or would they reconsider after I paid off some of my balances on my personal account.
  3. For me They added a small note that 'there is too much interest in this business on behalf of the promoters"
  4. Business Incorporated 2.5 yrs ago. Faced rough weather with business cards. Not more than 30 days late but many business cards delinquent up to 30 days. Have businesses established in asian countries where citi bank has its branches. Have a business checking account with a local community bank. The problem with this bank is one of my check for1000$ bounced and they put a hold of 11 business days on all my checks deposited. They know me personally for the wrong reason.They put a red flag on my account and all applications for lines of credit in the future will be rejected. Business has improved recently. Want to change my checking account to another bank that is more liberal with lines of credit(in the future, want to pay off my high interest credit cards ) and is easy to transfer money to my asian business. Which one would you suggest. BOA OR WAMU OR CITI OR ANOTHER LOCAL COMMUNITY BANK??
  5. I have been a good citi customer and have 4 Business cards. The due dates are aug 17th which make it one month late on sep 17th. I got a call from collections and I explained my problems which will last for two more months and they offered me three choices. a) Deferred payment plan for two months b)Minimum payment plan with no fines for 6 months (account will not be closed) c) Minimum payments plan for 12 months (account will be closed) I ASKED IF THIS WILL AFFECT MY CREDIT HISTORY . IT IS A BUSINESS CARD WITH PERSONAL GUARANTEE. HE SAID "NO, It will not be reported any where" I miss his call and cant get him. I get other reps who say that 'if I am worried about credit history I should not enter into a payment plan because it reports everywhere personal credit reports , business credit reports and everywhere" Now I dont know who is right.??
  6. A little more info if this helps. They pulled transunion which for me shows an error and shows that the length of my credit history is less than the age of the cards. No wonder they closed it. Also if I pay off and ask for a review and they approve they reopen the old cards. They dont issue new cards.
  7. Ok here's whats happening. I called BOA and they told me that minimum payments remain as they are. Its just that I keep paying the min payments but cant use the avail balance and the card. I can ask for a review after Ive paid some amount of the cc's
  8. Ok I guess the best case scenario is that I keep paying the same minimum amounts everymonth and pay more whenever I can afford. As I guess my situation in 6 months is that I will be free of all credit card debt both business and personal.Does this mean they will reopen this card or a new card or is there no hope??
  9. Oops sorry dont know how it got posted twice.
  10. My bank of america business credit card is closed because I was a) over the limit Falling back on payments by 15-20 days for the last 2 months and the business credit in general was overdrawn. No lates more than 30 days but maxed out and late by 20 days. Personal fico is 620 with nolates and same story 'maxed out" What does this mean? I need to pay the balance owing of 10,000 asap or can I make monthly payments. Can I make an arrangment and if I make an arrangement does it show on my personal credit history as a negative. Am I unlucky or are there many like me?
  11. My bank of america business credit card is closed because I was a) over the limit Falling back on payments by 15-20 days for the last 2 months and the business credit in general was overdrawn. No lates more than 30 days but maxed out and late by 20 days. Personal fico is 620 with nolates and same story 'maxed out" What does this mean? I need to pay the balance owing of 10,000 asap or can I make monthly payments. Can I make an arrangment and if I make an arrangement does it show on my personal credit history as a negative. Am I unlucky or are there many like me?
  12. I have some good news . Thanks to your advice I called amex and told them of my good history and record and my problems and my assurance of payments within one month and I said I will pay interest and fine or whatever..And all i said was please see that it does not report on personal credit . The lady was freindly she said "No problem it will not reflect on your personal credit history". She gave me one month time to pay. I know that business cards cant be converted to monthly pay's. _____________________________________________ I have a question does this reflect on the business credit report. I cant help but just curious.
  13. Sorry ive had them for more than a year was prompt in paying earlier.Yes you are right //they are from upgrades from earlier gold cards.
  14. I dont have money in any of my other cards...so cant do balance transfer.are you sure it will refelct late on personal..??
  15. I am close to one month late on my amex platinum business charge card. It was due the 20th of last month. Im stuck and am unable to pay for this. The amount is only 2600 But I dont have the money now.I need to pay the full amount for this card. Whats the worst case scenario. Does this effect my personal credit history.Will there be a late. Can any arrangement be made so I can get no lates. Please please help.

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