Problem Solver

Problem Solver: Numbers dont add up on reference card charge Jacksonville, Ill., man supercharged brace eve though he showed zero chemical counterweight Jon Yates Whats Your Problem? October 20, 2011 Roger Greenwood thought he had heard of every imaginable bank fee. Then he authentic his September credence card bill. Bank of the States charged the Jacksonville, Ill., man $39.23 in agree on on a $0 balance. Greenwood was convinced it was a mistake. In August, he charged a vacation renting to his credit card, resulting in a $5,734.13 balance. Weeks later, he received $1,450 in impute from two merchants, take down his balance to $4,284.13. He paid the remainder of what he owed with an electronic transfer Sept. 6, troika days before it was due, bringing his balance to zero. His statement clearly showed that between the credits and his payment, Greenwood paid attain the entire $5,734.13. So why, he wondered, had he been charged absorb? Greenwood em ailed Bank of the States, and readily received a response. An online vox agree that between the credits and his Sept. 6 payment, Greenwood had paid his balance in full. However, we need to assure you that credits are not considered as payments on credit accounts, the representative wrote.

Therefore, the credits (of $1,450) were not considered as payments on this account, and the involution charges were applied correctly. The representative told Greenwood Bank of America would not eat up the $39.23 in interest. We regret we are otiose to remove the interest charges at this time, the representative said. Therefore , this transaction will remain breach of yo! ur account balance. Greenwood emailed Bank of America once more and received the same reply from a different representative the $1,450 in credits werent considered payments, and thus he was charged interest on that amount. Flummoxed, Greenwood emailed Whats Your Problem? He said he patently couldnt generalise why he was charged interest on a $0...If you want to get a full essay, pose it on our website: OrderCustomPaper.com

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