That would have been before you missed that repayment date. As Franklin said: ‘creditors are a superstitious sect, great observers of set days and times.’ It pays to stay on the right side of those superstitions. Forget your anniversary and you’re in for an orgy of flouncing, slammed doors, industrial-strength sulking and whiny tears. That’s presuming your partner is a man. You think that’s bad? Try forgetting a bank payment. DEFINING IDEA… If you make a couple of late payments on a new card with an introductory rate,…your annual percentage rate could jump as much as fifteen percentage points. ~ KEN MCELDOWNEY, CONSUMER EXPERT You may have read that the charges imposed for late payments in the UK have been lowered to a flat fee of £12 by the Office of Fair Trading after a nationwide campaign against unfair and potentially illegal fees being charged by lenders. Excellent news. You might even be tempted to think that the new £12 is so reasonable that it’s almost worth it to run a little late when things get tight come repayment time.
