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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It's the interest that would have accumulated over the year.
I did this once and I forgot to pay on time, despite the bill arriving every month with a gigantic section surrounded in asterisks written in all caps reminding me to pay before the year grace to save on the interest.