I mailed credit card payments to five companies on 10/30/09. All posted by 11/5/09, except for the Chevron/Texaco credit card now handled by GE Money Bank, which took 12 days to post my payment. I know that company profits are down from last year, but to DELAY posting of payments to collect a $15.00 late fee is unconscionable.
I had my credit card with Chevron for 34 years and this is a frustrating new experience. After calling to complain and receiving only excuses, I told them to cancel the account and that I would never knowingly use their products again. I also will never pay that $15.00 late fee no matter what!
People beware, this is a new scam of delaying the posting of payments that creditors may now be employing to plump up their falling profits!