Fees on top of fees, plus interest!

Posted by cmozen
on February 02, 2008

My credit card company was bought out by another bank. They decided to charge an annual fee (the old card did not have a fee.) In the meantime, I moved apartments and forgot to change the address of the card because I never used it and kept it for emergencies only. The credit card company charged me a new annual fee for having the card and sent me a bill for it. However, I never got the bill. So, I never paid it and the annual fee due was late, so I was charged a late fee. And on top of the late fee and the annual fee, I was charged interest. This went on for several months. I never would have known except I looked at my credit report and was shocked. I had months of fees and interest totaling hundreds of dollars for nothing I even bought! I was able to have the fees and interest reversed, but I still can't believe it took ages to clear up charges for nothing I bought. Needless to say, it still looks bad on my credit!