Hard to argue with logic like that.
 

If I pay late, you make more money due to the late fees.

Yup.

There was a bank that got caught shredding payments from their credit card customers. The bank would claim they never received the payments so they could charge their customers late fees -AND- raise their APR.

Crazy eh?

Check out http://www.maxedoutmovie.com/



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Wow, that's totally fucked! :-(

That is interesting, but I was referring to someone that was suggesting I should be glad he is always late with his payments.

In theory yes. In practice on a large scale, no.

cashflow man cashflow

This is why autodebit rocks...

I dont totally trust that but I have 1 payment set up like that

I'm partially convinced Wells Fargo does this. I've never had so much trouble making payments than with them.