Stupid me. 1 day late.
Now my interest rate went to the default rate of 28.99%. That's almost TWENTY NINE PERCENT. I'm so pissed and yes, that includes at myself for screwing up and making the payment a few hours later than I should have (didn't show up until the next business day).
And again, I can blame myself for not paying full attention to the terms and conditions. It's true, I signed the papers I signed and nodded yes, etc.
With those disclaimers out of the way, WTF? I called to have my rate lowered and the woman on the phone said they review it every 12 months. In other words, I'd have the possibility to have it lowered in a year.
I asked her why they don't offer a one time exception (hell, once a year), or why the penalty is so God Damn high (why not charge a fee or increase the rate by 1%). I added that her corporation doesn't care about the individuals and the bad economy (that they in part helped to create), they care about increasing their profits as they are legally obligated to have as their top priority. I said it was absurd and unacceptable.
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