Viewing a single comment thread. View all comments

jlc203 t1_j6o0zpz wrote

If you’re only a few days late, you can call the cc company and ask them if they might waive the late fee this one time

2

m3003 t1_j6o2zm6 wrote

OP has $2000 and the minimum is $40. No late fee incurred. Interest yes, late fee no.

3

jlc203 t1_j6o3bke wrote

Ah, read too quickly. It sounded like op would hold off until they could pay the whole 4K but it would make more sense to pay at least the min

1

cvheuvel OP t1_j6o3nxm wrote

No, you are correct, I will pay the full $4000, but a few days late. I have $2000 to pay them on the due date.

1

jlc203 t1_j6o4qjc wrote

Previous poster was correct. Pay at least the minimum wage to avoid a late fee entirely, but there might be some interest. Other people are saying pay as much as you can as fast as you can, which is also good advice

3

cvheuvel OP t1_j6o3cn8 wrote

I am also wondering if I will be paying interest on the full $8000?

1

m3003 t1_j6od70z wrote

No, you'd pay interest on the balance every day until you pay it off.

3

cvheuvel OP t1_j6o34j5 wrote

Good idea. What about my credit rating? Should I worry about that?

1

jlc203 t1_j6o3fms wrote

Nah I believe it wouldn’t be reported unless it was like 30 days late

2