Late Payment Fees

Very disappointed with Telstra's late payment policy. Firstly, organising a 'payment extension' doesn't mean you avoid the late payment fee. According to Telstra staff, it simply ensures that your service isn't cut off. But seriously, what kind of company cuts off the service of a long-time customer when a bill is paid a few days late anyway? I get paid monthly on the 25th, and my Telstra bill is always due on the 20th, so I wanted to change the date to make it easier to pay on time. I was happy to pay the five days difference. But even after repeat requests, Telstra continue to say a flat-out 'no'. I know it's my responsibility to pay on time, but Telstra have absolutely no interest in making it easier for their customers. During a recent chat with a Telstra rep I was told the policy had changed and that payment could now be made 14 days late without incurring a fee. So, with this in mind I paid my bill on the 26th. But lo and behold, my next bill included a $15 sting, and when I contacted Telstra I was told that the information given to me was incorrect, and a $15 credit was applied to my account. This credit is appreciated, but I'm looking for a long-term solution, not a month-by-month band-aid fix. So basically, I'm back to square one. I get that this is company policy, and that as a big corporation Telstra are under no obligation to change it (even in the face of a class action), but I'm still staggered by how unflexible they've been. It really isn't a great way to keep customers, and keep them happy. I just think, if Telstra knew how far a bit of good will can go these days, they could really benefit. End of rant!

Hey ,understand your rant. Kind of like being able to have the NRMA change your payments for your road, home and contents insurance to be all paid on the same day of the month (we pay by the month), or spread out. We wanted our new car insured, and the insurance says didn't match the other payments time cycle, so we merely had to make one "make-up payment" for a few days so that everything matches up. Now we pay all of our NRMA insurance on the one, predictable date that matches up with our finances.  I know what it's like, LOL,  your electricity, water, and land rates, and then the rego on the car all fall at once, and you would like to change the cycle, so that you don't get all the bills at once. It's not like you AREN'T going to pay, you just want the billing cycle to change, even if you have to make a "make-up payment", right? What you *could* do, is go into credit, by paying ahead, but this means that *you* have to make all the effort, instead of Telstra meeting you half way.    

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    interesting. i called experian and the person i spoke with said that since the account is still active, the old late payments wouldn't fall after 7 years because i'm still paying off the account. i just got off the phone with a credit specialist and he said even though the account is still open, the late payments will in fact drop off once they are seven years old. i'm a little confused, bit i'm hoping the credit spec. is right!

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    Hi Gamergaz,
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    BTCare Community Manager
    If we have asked you to email us with your details, please make sure you are logged in to the forum, otherwise you will not be able to see our ‘Contact Us’ link within our profiles.
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  • How 7+ Years Late Payments Fall Off Report?

    So being a credit forums junky for years now I thought I knew exactly how this would go down but I'm a little confused now, I guess...  I just checked my Transunion report which still shows some old late payments from 2008 and 2009... An example of my "confusion" is  one of my Student Loans...there is payment history on that loan dating back from March 2007 and onwards (opened Feb 2007)...these recorded "OK" payments are well over 7 years old - why havent these payements fallen off as time goes on? (My lates arent quite 7 years old yet on that account yet, but will be soon and I'm sort of not sure how they are going to "fall off" if this account's payments are being reported beyond 7 years?)  A similar sitiation is going on with my Capital One card, which is actually still open. - It had a 30 day late back in September 2008. Will this 30 day late just magically turn in to a "OK" payment in Septemeber when it turns 7 years old, or will that payment literally fall off and dissapear somehow, even though the older-than-7-years payments on that account that are "OK" are not falling off and still showing?  

    shane82388 wrote:
    So being a credit forums junky for years now I thought I knew exactly how this would go down but I'm a little confused now, I guess...  I just checked my Transunion report which still shows some old late payments from 2008 and 2009... An example of my "confusion" is  one of my Student Loans...there is payment history on that loan dating back from March 2007 and onwards (opened Feb 2007)...these recorded "OK" payments are well over 7 years old - why havent these payements fallen off as time goes on? Because they are not derogatory. (My lates arent quite 7 years old yet on that account yet, but will be soon and I'm sort of not sure how they are going to "fall off" if this account's payments are being reported beyond 7 years?) Derogatory payment history (lates) will be excluded as each late passes the 7 year mark. When the last late is excluded, the account will become completely positive and will report for ten years after its closure.  A similar sitiation is going on with my Capital One card, which is actually still open. - It had a 30 day late back in September 2008. Will this 30 day late just magically turn in to a "OK" payment in Septemeber when it turns 7 years old, or will that payment literally fall off and dissapear somehow, even though the older-than-7-years payments on that account that are "OK" are not falling off and still showing? It will become excluded and will essentilally become "no data" for that month. Most display formats will show "no data" as "OK" - it just depends on where you are viewing your file.   

  • Late payment 180 days question

    The account had no payments on it from 9/13 to 2/14. Shortly before it being sent to collections I grew up and started paying it down entirely until it was paid off(State farm credit card, first one). This September will mark the 2 yr anniversary of the first late payment, I've read several places that say 30/60 aren't bothersome after 2 years, it that's the case, starting in September, should I be expecting a solid rise in score? Will the 90+ also lose some kick after 2 years? Or will the fact that the same account ended up going 180 days late nullify that?
    Account has long since been closed on me, hoping I have a built in weight that's going to slowly be less affective over the next 8 months.
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    Kuma wrote:
    The account had no payments on it from 9/13 to 2/14. Shortly before it being sent to collections I grew up and started paying it down entirely until it was paid off(State farm credit card, first one). This September will mark the 2 yr anniversary of the first late payment, I've read several places that say 30/60 aren't bothersome after 2 years, it that's the case, starting in September, should I be expecting a solid rise in score? Will the 90+ also lose some kick after 2 years? Or will the fact that the same account ended up going 180 days late nullify that?
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    If all you had were 30 lates then you would most likely see a rise in score once the final one passed the 2 year mark but you have 90+ lates and these are major delinq in Ficos eyes and they will cost points the entire time they remain on file. 60 day lates can affect for the full CRTP as well depending on your overall profile there was a posting awhile back that a single 60 day late dropping at 7 yrs yielded a rather large increase in Fico score (was more than 30 from what I remember). As all of them age you do regain some points and if the account wasnt COed then each will drop at the 7 year mark until the account becomes a total postive. You can try to have the lates removed with a GW letter to the creditor     http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Stories/td-p/1573680

  • FSCM-CR: Automatical Interest Calculation for Late Payments

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