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#1134008 - 02/23/09 03:34 PM Charging finance charges on finance charges
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
Orlando, FL
Is it lawful to do this on a revolving credit account?:

"Unpaid finance charges from prior billing cycles will be added to your average daily balance calculation and assessed finance charges."

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Lending Compliance
#1134084 - 02/23/09 04:35 PM Re: Charging finance charges on finance charges Many Hats
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,576
Galveston, TX
It will depend on State law.
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