"There was nothing about this in the brochure."Did you know that when you pay off your credit card it isn't really paid off?
I didn't.
You'll recall that my business card with Wells Fargo was canceled for reasons I never could discover. I decided I didn't want to waste any more of my life fighting with them so I just paid off the small balance and called it quits. (I paid it in full each month anyway.)
Imagine my surprise when today's mail included a bill with a balance on that account. I immediately called the number on the statement and got an education in the ways banks rip off their customers.
Turns out a credit card is like an auto loan, and the balance on your statement is not the amount that, if paid, results in a zero balance. There is what the gal on the phone called a "remainder." Since interest on any balance is accrued daily the amount listed as the "balance" is just the amount on the day the statement was created. It's actually larger than that by the time the statement gets to your house. Looking at your account online? The balance there is the same as on your printed statement and therefore also not accurate. That is, your balance increases daily as interest is added. If you paid the balance on the statement that came in the mail (or is posted online) you are that many days behind in interest.
But wait! There's more!
She said my local branch cannot tell me what the payoff is for my card; I can only learn that by calling her. But I can't make the payment online. Payoffs must be made at the branch - the branch that doesn't know what the payoff is.
Now maybe I'm the only person in America that thought paying off the "balance" each month produced a zero balance. I admit to being ignorant of the matters associated with high finance (or in my case, very low finance). But in my naivete' I could have gone on for years paying off a never-ending balance of interest on interest on interest.
Wells Fargo took $25 billion in TARP funds.
There's a great cage fight on the VS channel (cable). But I can't figure out why those guys are carrying long curved sticks and doing this on ice.
I can't eat like I used to. Back in the day I could eat most people twice my size under the table. Tonight I went up to Sonic and got a double cheeseburger, fries and a shake. My gut hurts! Embarrassing.
My efforts at these swimming drills are also embarrassing. It's a good thing I'm stubborn, 'cause a normal person would give up and stay on dry land.
The changes have been made to the disks and the final versions are on their way. They should arrive Tuesday and after I give them a final once-over I'll take them to the duplicators.
I got the definitive answer to the question of how to dispose of old, leftover meds. Tammi says I should give them to Pam so she can put them in the bio-hazard disposal bin at the hospital. Don't have a wife who works at a hospital? Hey, I can't solve all your problems.
GM got $4 billion more from the govt. today. If they declare bankruptcy next month what comes of that money? Chrysler isn't paying back the money they got.
Why do I have to play by one set of (senseless) rules and monster corporations get to play by another?
I didn't.
You'll recall that my business card with Wells Fargo was canceled for reasons I never could discover. I decided I didn't want to waste any more of my life fighting with them so I just paid off the small balance and called it quits. (I paid it in full each month anyway.)
Imagine my surprise when today's mail included a bill with a balance on that account. I immediately called the number on the statement and got an education in the ways banks rip off their customers.
Turns out a credit card is like an auto loan, and the balance on your statement is not the amount that, if paid, results in a zero balance. There is what the gal on the phone called a "remainder." Since interest on any balance is accrued daily the amount listed as the "balance" is just the amount on the day the statement was created. It's actually larger than that by the time the statement gets to your house. Looking at your account online? The balance there is the same as on your printed statement and therefore also not accurate. That is, your balance increases daily as interest is added. If you paid the balance on the statement that came in the mail (or is posted online) you are that many days behind in interest.
But wait! There's more!
She said my local branch cannot tell me what the payoff is for my card; I can only learn that by calling her. But I can't make the payment online. Payoffs must be made at the branch - the branch that doesn't know what the payoff is.
Now maybe I'm the only person in America that thought paying off the "balance" each month produced a zero balance. I admit to being ignorant of the matters associated with high finance (or in my case, very low finance). But in my naivete' I could have gone on for years paying off a never-ending balance of interest on interest on interest.
Wells Fargo took $25 billion in TARP funds.
There's a great cage fight on the VS channel (cable). But I can't figure out why those guys are carrying long curved sticks and doing this on ice.
I can't eat like I used to. Back in the day I could eat most people twice my size under the table. Tonight I went up to Sonic and got a double cheeseburger, fries and a shake. My gut hurts! Embarrassing.
My efforts at these swimming drills are also embarrassing. It's a good thing I'm stubborn, 'cause a normal person would give up and stay on dry land.
The changes have been made to the disks and the final versions are on their way. They should arrive Tuesday and after I give them a final once-over I'll take them to the duplicators.
I got the definitive answer to the question of how to dispose of old, leftover meds. Tammi says I should give them to Pam so she can put them in the bio-hazard disposal bin at the hospital. Don't have a wife who works at a hospital? Hey, I can't solve all your problems.
GM got $4 billion more from the govt. today. If they declare bankruptcy next month what comes of that money? Chrysler isn't paying back the money they got.
Why do I have to play by one set of (senseless) rules and monster corporations get to play by another?
2 comments:
In answer to your last question: Because those pesky "statists" realize that monster corporations are easier to cajole, bully and otherwise use for their own political ends. Likewise, the moster corporations realize that they can use money to game the system in their favor at the expense of the independant entreprenuer.
If you paid off your balance each month BEFORE the due date, every month, then WFB should not charge you interest on the purchases. If you ever carried a balance from one month to the next then they charge interest on current purchases but that should end if you pay the balance off for two consecutive months prior to the due date. CYB
Post a Comment