Charging finance charges on finance charges

Posted By: Many Hats

Charging finance charges on finance charges - 02/23/09 03:34 PM

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."
Posted By: rlcarey

Re: Charging finance charges on finance charges - 02/23/09 04:35 PM

It will depend on State law.