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[quote=Anonymous]I’m rebuilding my credit after a medical bankruptcy.

For many years, I haven’t had a credit card. I got two low credit limit cards with rewards. We decided I would use the cards regularly for gas and groceries and then pay off the balance every two weeks. Also, I put my tuition payment on one card for summer and then paid it off two weeks later and then put fall on the other and paid it off two weeks later.

Then I got an email alert that I was over the limit for the card that I had put the fall tuition on. I looked at the app which it said I had $180 credit. I figured it was a glitch so I ignored it. Then I got a credit alert that my credit score had fallen 10 points. I contacted the bank.

The bank held onto my last payment because it was “a large payment for an account that was less than six months old”.
The agent said she would release the payment. I asked that she send letters because my credit was dinged. She said the freeze on a large payment to a new account was credit 101.

That makes no sense to me. Why can I make a large charge to a new account if I can’t make a large payment that clears the balance? Is the goal to force me to pay interest?

And the “large” amount was less than $1700 in tuition and fees for a single course. Not money laundering amounts.

Plus, only one bank did this. The other didn’t care so it doesn’t seem like Credit 101.

My credit score is still seven points lower following this so I am pretty upset. Should I have known this practice.

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