You have to be aware and responsible


One of the financial tips that I was going to recommend just backfired in my face & caused my credit score to drop by 61 points!!!  I pay $12.95 per month to freecreditreport.com for them to monitor my credit.  I am able to view my Experian credit report at any time for free and I thought I was also getting some protection from the big bad credit card companies. 

Well, back in June, I closed one of my credit cards after I paid it off in all.  I saw that it was correctly reported to Experian as closed.  Seemed like a done deal to me.  However I just learned that around the same time, that credit card company was bought by a different company, who not only re-opened my account, but they enrolled me in some rewards program that cost $39.95 a year.  They claim they sent out a letter and my non-response would indicate my approval. 

Silly me.  I checked my credit report today & was shocked to see that I am over 30 days late in paying for the rewards program that I never signed up for!!!  And of course, they tacked on late fees & interest!!!

Not only did I get screwed but my precious $12.95 that I pay each month to freecreditreport.com for credit monitoring didn’t even notify me of this!  I ONLY found out because I checked my credit report today.  I’ve had credit cards for about 20 years & this is the first time EVER that I have ever had a late payment or a negative comment on my credit report & it wasn’t even my fault!  I so SO livid right now & am going to be complaining like crazy!

The credit card company blamed me, but in the end, they refunded the $71.49 ($39.95 plus late fees plus interest) and are faxing me a letter to state they will report this to Experian in 1 to 3 months.  And, freecreditreport.com will be refunding me $12.95 for their error, which I don’t feel is equitable by any means, but it is a start. 

Anyway, I feel like a very small fish in the huge ocean of credit card companies right now, but I am a fighter and will continue to pursue this matter.  I’m sure I’m not the only victim out there. 

So, overall, be aware & even though this may sound pessimistic, if things ‘can’ go wrong, they probably will.  You need to check, check and then double-check again.   This gives me pause to remember that I am the driver in my life, as taught to me by Dr. Tae Yun Kim of Jung SuWon Martial Arts School.  He Can Do, She Can Do, Why Not Me!

I admit that I felt a bit defeated when I saw my credit score drop by so much & when I was told that this was all my fault.  But no, that isn’t correct.  If anyone knows how I can let others know what happened to me, please let me know.  I’m a fighter and won’t be pushed around or bullied.

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One response to “You have to be aware and responsible

  1. hey, check out Bank of America’s Privacy Assist…I used to do the freecreditreport.com for 12.95…but you only get 1 credit score. With BofA’s Privacy Assist, for $9.99/month, you get all 3 credit scores..unlimited access… this one seems much more thorough & a better deal!

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