Posts by John Rodriguez60

darkmaker94 said:The interest rate is sitting at 14% annually. On top of that, they hit you with fees every time they send a late notice; I'm not totally sure on the exact amount, but I think they mentioned it was around $10.

So, does that mean I'm looking at an interest rate of 1.166% (14%/12) on that amount until next month? Since I'd be paying the whole thing off then?

I called Diners Club. Some old guy on the line basically asked me, "How do you think people wouldn't pay?"
We send invoices so they can be paid. It’s that simple. Pay them, or don't—but expect consequences. Bills aren't suggestions. Just settle up by the due date.
I didn't even get a chance to explain what I was actually looking for. The second I brought up non-payment...

If anyone can clarify this for me, I’m wondering what happens if I don't pay my full balance this month?
For example, let's say the bill is $1000, but I only have $667 on hand.
What kind of interest am I looking at if I carry the remaining balance, assuming I can definitely clear it next month? And what are the actual consequences of missing the full payment?
I've always stayed current with my bills—never missed a payment.
Thanks!