I manage the finances for our family. We mange our debt responsibly and make regular payments well over the minimum required. Have to say PayPal is the only creditor that penalizes you for making payments too early. If they receive multiple payment in less than 30 days the payments are applied to "current month" as a silo and with new clock starting for next period and no provision in their accounting that you as a customer just paid (in may case quadruple) multiple time the minimum. Most creditors in this scenario will recognize your payment(s) in the prior period if applied this way and show 0 payment due or at a minimum NOT charge you a $27 late fee for gong 31 days between payments. I ran into this issue in June and called to have the fee reversed which they did. I was advised to make a double payment approximately 2 weeks apart which would put my account on an equitable payment application cycle. Worked to 2 months and then 9/1/2018 I got hit again. Minimum payments on my account is currently about $76 dollars. Last 4 payments have been as follows (Paypal application dates): 7/3 ($150), 8/1 (100), 9/4 (100) ... made a payment last night of an additional $76. I got tagged on 9/1 with a $27 late fee. According to my Paypal statement I made a $250 payment (minimum is $76) in August and No payment in Septemeber! Think about it. If you are making payments once a month you will always be in danger of triggering a late fee due to a day or two swing? Of course, the money is NOT the issue. It's the principle.
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