Quote:
Originally Posted by mrkajz44
She should have to pay some sort of penalty for being late, but I do think it's predatory to have a contract that charges full interest (at likely a massive rate) if you are late in any way.
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Those contracts are set up specifically for that reason because they know a lot of the general populace will forget or be late on the last payment especially if not billed on time. The buyer however agrees to those terms when they sign the dotted line.