Credit Card Payoff, still have finance charges?

[pcollg]

I tried to pay off a credit card debt. I called them and was given the amount owed, closed the account and informed them I was making out the check and mailing it as soon as I got off the phone. I expected there to be no further debt to them, but the next billing cycle, they billed me for finance charges on the amount I paid. When I called them, they said I had called on the day they would have added the charges, so I owe because the check didn't arrive on that day. Do I really owe them? Also note that my check memo noted the account was closed, and "paid in full" and they accepted and cashed my check. (New York State resident)

 

[HomeGuru]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by pcollg:
I tried to pay off a credit card debt. I called them and was given the amount owed, closed the account and informed them I was making out the check and mailing it as soon as I got off the phone. I expected there to be no further debt to them, but the next billing cycle, they billed me for finance charges on the amount I paid. When I called them, they said I had called on the day they would have added the charges, so I owe because the check didn't arrive on that day. Do I really owe them? Also note that my check memo noted the account was closed, and "paid in full" and they accepted and cashed my check. (New York State resident)<HR></BLOCKQUOTE>

My opinion is that you are morally and ethically responsible to pay the charges but not legally due to their acceptance of the "paid in full" amount as final settlement. I would advise paying to avoid futher hassles with your credit report etc.