Any way?

Date: Tue, 07/06/2010 - 22:29

Submitted by Chandrashekhar
on Tue, 07/06/2010 - 22:29

Posts: 73 Credits: [Donate]

Total Replies: 5

Hi,

My friends Seth has two credit card & HSBC credit card is one of those.

In last month he has purchased iphone 4 by credit card which is the out of his budget. Now, he can't make full payment on time & creditors has charged 200$ as late fee.

I would like to know, there is any way to avoid late fees now or reduce amount of late fees.

If you know any idea Please share with me.

Thanks.
Chandrashekhar:hug:

I don't got any reply yet from expert. Please help.

lrhall41

Submitted by Chandrashekhar on Wed, 07/07/2010 - 23:04

( Posts: 73 | Credits: )

I would think it would depend on the terms of the credit cards c

I would think it would depend on the terms of the credit cards contract. Hang on, someone will be around with advice, keep checking back for more replies.

lrhall41

Submitted by Shazzers on Thu, 07/08/2010 - 07:05

( Posts: 17344 | Credits: )

Ok, i hope i will get solution for that earlier from experts on

Ok, i hope i will get solution for that earlier from experts on this forum.
My friend is about to make credit card payment but he stopped to reduce late fees.

Thanks.
Please help ............. i am waiting here.

lrhall41

Submitted by Chandrashekhar on Thu, 07/08/2010 - 07:34

( Posts: 73 | Credits: )

Help for this person??? bumping My other thought is for him to

Help for this person??? bumping

My other thought is for him to try to return the phone? is this at all possible? What is the return policy on the phone? It sounds like he has an expensive credit card for people with poor credit from HSBC and they are socking it to him. Has he tried calling HSBC and talking to them and asking them to reduce his late fees .....can he borrow money from family. It is tough to ask the CCs for a hardship plan when he just bought an Iphone......maybe someone else has some thoughts.....you are a good friend!

lrhall41

Submitted by on Sat, 07/10/2010 - 07:33

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Hello, He has got some fund from his family & we negotiated to

Hello,

He has got some fund from his family & we negotiated to credit card company to reduce late fees they reduced 90$ from late fees.

But This all has damaged his credit score which is already in poor condition. I gave him some credit score improving tips to improve his credit score which i got from this forum. Also i have invited him to join our forum to live a debt free & make greatest financial management.

Thank you so much.
Chandrashekhar.

lrhall41

Submitted by Chandrashekhar on Tue, 07/13/2010 - 22:41

( Posts: 73 | Credits: )