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...