Does Balance Transfers Void Out The 0 Balance Card

How to dispute credit card fees that were - Debt Relief

This has been a nightmare already. Here are the facts:

I applied for personal loan for to consolidate my credit card debt.

I called to check the status my loan I applied for.

Telephone loan agrent twerp was incompent:

First, he approved me for a lower amount because he didn’t see the reason for the loan

Then, I got approved for a higher amount

Then the twerp told me that my other credit card balances would be transfer over to my new loan; however the didn’t tell me that credit card balance transfer fees would be imposed.

Shoot I could have paid them off myself with the money transferred into my account.

A chat Customer Service agent told me those fees were explained in my terms of agreement.

What term of agreements? Neither that phone twerp explained those fees nor I yet received those terms of in writing.

The service agent admitted to all of that.

I want those fees credited to my acount and I’ll be dang it use on more debt.

You can’t get these fees reversed. These fees are coming from your credit card, not your loan consolidator. When you agreed to have a credit card with this specific bank, you agreed when you signed the credit card application that you agree to the fees that were disclosed. If you did not get these documents when you signed up, which is very rare, you will not be able to dispute these fees. These fees are very common on balance transfers. Main reason why they do this so they don’t lose interest profits off you.

So you got to deal with it and continue to pay off your credit card debt.

These fees were not charged by the loan company rather by the credit card companies. How was the “twwerp” to know that your credity cards charge this kind of fee ? I have three credit cards and NONE of them chage for a balance transfer fee. Yes you are right that it would have been easier to just buy the amounts from your bank. THe loan company most likely did not trust that the funds would go to the cards. THe only way to ensure that is transfers.

THe fees will not be credited as they were charged by your credit card company not the loan company.

You should have know the terms of your credit card agreements.

If the fees did not come from the credit cards but from your new lender, I believe you should continue to dispute them. Call again and ask for a manager and explain exactly what you have said here. Be polite – tell them just what you said here – that you would have paid them off yourself to save the fees. It is logical and it sounds like they know the fees weren’t properly disclosed so perhaps a supervisor will be able to help you. I doubt that a regular rep has the authority to do that. Be persistent but do not get angry or swear.