I had a purchase with 30 months of deferred interest. If I paid off balance within the 30 months, the interest was not to be collected. I missed the payoff by 5 days due to an oversight on my part.
- Is the full amount of deferred interest payable or should/can it be prorated?
- If I don’t pay, can they charge interest on interest?
- Can they charge late fees?
tx, frank