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Re: credit card charges
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Posted by Why Chat (209.240.222.130) on July 06, 2002 at 12:20:52:
In Reply to: Re: credit card charges posted by Why Chat on July 06, 2002 at 12:03:12:
After re-reading your post, I believe your cc company may also be "pyramiding" the late charges, which is illegal. Late Charges
Some creditors previously calculated late fees for delinquent payments using a practice called "pyramiding" of late charges. When one payment was made after its due date and a late fee was assessed but not paid promptly, all future payments were considered delinquent even though they were, in fact, paid in full within the required time period. As a result, late fees were assessed on all future payments. In other words, each successive payment was considered "short" by the amount of the previous late charge, with the result that another late charge was imposed.
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