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Balance Transfer Problem

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Money Talk > Credit & Loans

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kaljr82
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Joined: 23 Oct 2014
Location: United States
Balance Transfer Problem  Reply with quote  

I am new here but need some help!

I recently initiated a balance transfer of $6600 from one credit card, to one I had where I could get 0% until mid next year when we get bonuses.
Anyway, everything was going smoothly I saw that the transfer check was sent, and cleared within a week, but I noticed the balance on the other credit card never went to zero.

I called and they said they never received anything. After speaking with someone from the other credit card company, it looks like when they initiated the transfer one digit of the credit card number was entered incorrectly.

I contacted both credit card companies with the issue and they are working to resolve this. I just have a very sick feeling in my stomach. Are there any issues I should be concerned with?
Is there anything else I should be doing to expedite this?? Playing the waiting game is terrible.
I don't have the money to pay of 2 $6600 bills.

Thanks..
Post Thu Oct 23, 2014 3:10 pm
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littleroc02us
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Joined: 09 Feb 2009

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Yes, I can understand how sick you must feel. I just recently had fraudulant activity on my Business Debit Visa card, where someone made 3 seperate purchases of $125 at Target in Michigan. Luckily Visa cards have fraud protection on debit cards, so I called the bank immediately and they closed my card and within two days I had the money back in my bank account.

Just be patient and I'm sure it will work out. Your not liable for charges you didn't make. Make sure to keep good documentation so that you have evidence should it come to it.

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Thu Oct 23, 2014 4:18 pm
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