Recent content by muffy

again...thank you..... so to clarify, it is illegal to charge a finance charge if it is not disclosed and signed as an agreeement....correct? Muffy

perhaps I didn't explain that correctly the balance has NOT been outstanding for 12 years :D it has just been recently that he's been charging this interest charges when a balance does become late..... without prior disclosure.

it's not a loan or a credit card...it's hello again :) It's actually a boarding agreement for a horse.... I would have signed the contract about 12 years ago, with no mention in the agreement of finance/interest charges, and the stable owner has started applying these to outstanding...

finanance charges Mr. Professor, Thank you for your response... I do, however, have an update...what if when signing this contract, no was NO mention of finance charges being applied? Can someone just start applying interest/finance charges on late payments without a signature...

Dear Mr. Professor, Is it ever legal to charge finance charges (interest) on late charges? thanks for your time. Muffy