My Chase Credit Card vary their payment date each month by a day or two each month, claiming that it is "related to different number of days each month."
So naturally, it is easy to throw me off as to whether the payment is due on the 7th or 6th, and together with the 2pm Pacific cut-off time, they have enjoyed collecting $39 twice plus about $80 of finance charge because the payment was either a few hours late or a day late.
To top it off, they bump up the interest rate to 27.9% because it was late twice.
And then I saw some commercials on TV, saying that they can reduce your debt.
Are they useful? I also heard that those programs may hurt your credit score.