Making CC Payments with late fees

vix11_2

I had recently misplaced a statement (or I have this ill feeling somebody else did) causing me to forget about it till today. Sure enough HSBC have charged their £12 plus £3.18 interest.

Someone suggested I ask them to waive it and go for the first time excuse but I can't remember if this is a first timer as I have a vague memory of missing a payment before, however I was only charged interest at that time maybe as it was such a small amout to be paid or possible it was my first time.

Anyway I'll give it a go but is it possible to pay last months statement now and then pay the the charge and interest fee later at the time the new statement is due?

See my purchases on the last statement are quite high but theres not many purchses in this month so I was wondering to pay the purchases only I made last month and then pay this months purchases and the charges by the next due date.

Indeed if there is any other £ efficient way thats in my favor then please do let me in on it. I might even read up on the stooging, however the amount I've got is hardly a large enough amount to do a balance transfer.

Thanx.

vix11_2

vix11 wrote: »

I might even read up on the stooging, .

lol I mean stoozong, u know what I mean. Thought I'd give the post a bit of bump up. I can't believe theres no one reading these posts/forums that has no idea about this.

Forgetting the rest and cutting a long story short does outstanding amount mean balance of last months statement including the late fees and interest charge or does it mean just the balance of the the last statement, meaning I can pay the £12 charge and interest fees at the due date rather than now.

Thanx.

DestroyingAngel_2

Vix11, if you misplaced one statement and HSBC have now charged you their late fee and interest, that means you've got now 2 statements to pay, right? You'll find HSBC will have rolled both minimum payments due into the current statement. If you try to pay off one balance, you'll still be stuck with the other outstanding balance. Chalk this down to experience and pay off what they want. Otherwise, if you "leave" a missed payment and don't pay it, it's going to start the clock and once the clock reaches "over 30 days late" a black mark's going to go on your credit report.

A lot of people are paranoid about getting a black mark on their credit report and believe if you're even late or miss a payment once, it's going to count against you when you apply for a loan etc. That's not true. If you've missed a payment, make sure you make up for it the very next time and everything will reset itself back to normal. It's when you "leave" the missed payment and don't pay it that it starts to count the days up to 30 - and THEN it will get reported to the bureaux.