April 21, 2008
Updates on bills
Posted by 1stopmom under Oops, What I'm Learning, debt, finances, frugal, waste of money | Tags: Add new tag, bills, credit cards, late fees, Oops |Well, first off we still have not heard anything from Ocwen about the loan modification. We hope to hear something this week.
I was able to pay some bills this morning. I am sad to say I did not do too good. So here it is.
- His discover due on 4/20 I paid on 4/19. In order to not be charged a late fee, I paid a $15 rush fee. Balance $1887.71
- My discover no payment due. balance $1574.12
- HSBC #1 due on 4/15, paid $39 on 4/21 late fee!!
- HSBC #2 no payment due, next payment due 5/15 $30 (will try to pay this Friday)
- HSBC #3 no payment due
- HSBC #4 due on 4/15, paid $30 on 4/21 late fee!!
- JcPenney due on 4/15, paid $33 on 4/21
- Juniper ALL GOOD! No payment due, account up to date
- Providian due on 4/11, paid $122 on 4/21 late fee!!! ($39)
- Capitol One-1 payment due 5/6, paid $15 on 4/21
- Capitol One-2 payment due 4/28. paid $30 on 4/21
- Paypal due 4/20, paid 4/20 late fee!! ($29)
I don’t know what happened this month. There is no excuse for why I messed up those 5 times. But I I am not in this big funk about it. This is a totally different feeling for me. Usually I am beating myself up for doing such a stupid thing. Next would come a migraine followed by a really bad mood. Well, not this time. Ok, it happened, this month. I will do my best so it will not happen next month. See, I am slowly learning.
April 24, 2008 at 9:34 am
do you own a home? you can take out a small equity loan to pay these bills off. then you won’t incur the late fees and huge interest payments that are charged on these types of accounts.
with the equity loan, you can then write off the interest you pay on it when you do your taxes.
just a thought?
Thanks for stopping by. Yes we do own our home. We have thought about an equity loan, but we are in the process of getting a loan modification since our interest rate adjustable. Hopefully that will work out and will will go from there. But that is a good idea, thanks.
April 24, 2008 at 10:33 am
some banks are charging a “pre-payment penalty” when folks are modifying their adjustable rate mortgages. look at your contract and be sure your bank allows pre-payments. home owners are getting caught off guard when they discover they get this huge fee when they adjust their loan from an adjustable mortgage to a fixed just to find it costs them tens of thousands of dollars in a “pre-payment penalty”. It’s one of the items being addressed in the current nonsense the banks did (and is doing) to people right now.
our comments aren’t showing up - i almost didn’t find our thread here! can you mark our comments approved so I can find our discussion? otherwise comments don’t show on your blog