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Late payment fees: charging 1% interest per day after 7 days

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Hi,

 

My girlfriend and I pay for a service each month and by an oversight, we paid last month's bill a week late. This month we have had a late payment fee added to the bill. The late payment fee is calculated at 1% interest per day on the sum owed after 7 days.

 

(Sorry for not giving more detail about the service but the company is a bit vindictive and we need the service)

 

Having spoken to the CAB we know that it all depends on the contract we have with them (we've been there for a long time so can't find the original contract right now) but wondering what others think about this in terms of 'fairness'.....1% interest per day after just 7 days.

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its a penalty and totally unlawful to do so.

 

 

dx


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Wouldn't be Talk Talk would it?

 

Their £4.50 non payment by direct debit charge is bad enough.

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