T
Toolatecrew
Guest
Its not a "collection fee". They don't send these people to collections. They don't even discontinue your service. Lets say you pay 30 a month. You go 60 days late for whatever rerason.
They send you a bill for 30 + 30 + 60 cents (2% on the first 30) + 1.21 (compunded interest) +$25 "late fee".
They expect you to PAY this. Not cut off your service, not send you collections and have someone call you and chace you. They slap it onto your regular invoice. They have not incurred any substantial cost for this. If you pay tyour bill after 61 days in full you are paying 26.81 for the use of 30 dollars for 60 days and 30 dollars more for 30 days. It meets the legal definition of a CHARGE FOR THE USE OF $.
Can we get of this idea that the $25 is a collection fee of some sort. These people have not been sent to collections. They have not had service discontinued for non payment.
They send you a bill for 30 + 30 + 60 cents (2% on the first 30) + 1.21 (compunded interest) +$25 "late fee".
They expect you to PAY this. Not cut off your service, not send you collections and have someone call you and chace you. They slap it onto your regular invoice. They have not incurred any substantial cost for this. If you pay tyour bill after 61 days in full you are paying 26.81 for the use of 30 dollars for 60 days and 30 dollars more for 30 days. It meets the legal definition of a CHARGE FOR THE USE OF $.
Can we get of this idea that the $25 is a collection fee of some sort. These people have not been sent to collections. They have not had service discontinued for non payment.