RevolutionaryLion384 OP t1_iufzs4q wrote on October 31, 2022 at 1:02 AM

Reply to comment by blackjackmark in No-interest loan but interest was dumped into my account after it was not fully paid off by a certain date by RevolutionaryLion384

My statements were online and to be honest I tend to forget things once they are handled or dealt with in a certain way. It actually dawned on me at some point where I asked myself why I was even still making payments, because it should have been paid off and that's when I looked at my account and began to figure out what was going on

blackjackmark t1_iug297z wrote on October 31, 2022 at 1:21 AM

I totally get that as I tend to do similarly…but it’s certainly a “lesson learned” to be sure to check your statements at least occasionally! Depending on how long ago the grace period ended (and you have the funds), it might be worth a shot to call and ask them that if you paid it off in full immediately would they waive the accrued interest. No harm if they say no.

RevolutionaryLion384 OP t1_iuggefc wrote on October 31, 2022 at 3:14 AM

And lessons are important, I don't mind that, but I'd prefer not to have to learn $2000 lessons of which a billion dollar company gets to profit on within a trillion dollar industry. Something about that just doesn't sit right with me and I know I'm not the only that this has happened too.

Trick-Read-3982 t1_iugtmh8 wrote on October 31, 2022 at 5:40 AM

Hard, expensive lesson but ALWAYs review your statement and paperwork that you sign. Sorry you had to learn this way.