Quote:
Originally Posted by Hollytree
Agree with all of the above PLUS:
Have you noticed that certain companies are changing their bill due dates or cycles to an off date, such as the 12 or 14th of the month so that if you routinely pay your bills once a month at the same time for all you could owe accrued late charges?
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Yes! And it really really gets my goat when they set the closing date right after the 1st of the month with a due date before the end of the same month. I pay bills the first of the month - that is it - I do not have the time during the rest of the month to open a bill, pull out the checkbook, grab a stamp, record it in Quicken (and even if I wasn't a dinosaur and paid bills online, I still wouldn't have the time to do it in dribs and drabs throughout the month).
When closing dates/due dates are changed and they don't coincide with my paying cycle, I call the company and tell them. They can look at my account and see that I consistently pay at the first month and they usually put a note in my account. As it is, there's normally a "secret" grace period that some companies have but don't tell the customer about.
I will not pay late fees of any sort if I pay my bills within 30 days regardless of what they say is the due date. This determination has not gotten me in hot water (yet anyway :-) ... maybe I should knock on wood.)