Discover credit card - electronic payment sent on 13th but only posted on 18th - increase in interest rate

Posted on Sunday, June 30th, 2002 at 12:00am CDT by aa019e7d

Company: Discover credit card - electronic payment sent on 13th but only posted on 18th - increase in interest rate

Category: Other

Complaints.com received the following consumer message on June 28, 2002:

From: kevin [COMPLAINTS.COM_FORM_MAIL_29715#]

RE: Discover credit card - electronic payment sent on 13th but only posted on 18th - increase in interest rate

discover recieved electronic payment due 15Th on the 13th from my bank should have posted 14th did`nt post till 18th because sat sun 16th &17th.

I called and even though electronically they have always posted when my bank has sent money next day they at firdt said they have a right to hold payment for up to 7 days, asked for supervisor told me jump in a lake charged $30 and increased interest by 5% this was back in march, I no longer have their card I cancelled, my payment for the 15th this month would have been saturday if they don`t work fridays how would they ever post this one.

Now that they have collected late fees phone payments, They tell me I can payoff final payment at any SEARS CASH REGISTER!!!! This is how they get you because they never told me before a saturday payment would post the registers date:: I did`nt even know you could pay it at any sears location


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