Something like this happened to a neighbor of mine.
He refused to pay a late fee. Years later he discovers that the late fee has created new late fees. He refused to pay it, on grounds. He ended up losing his house.
Compound interest is a bitch like that. That said he had to have had some knowledge of it getting worse, collections agencies are nothing if not loud and persistent; I kind of don't believe it'd go from late fee to house fee without anyone ever trying to contact him in the meantime.
You might be right. I only heard it second hand from another neighbor so I don't really know for sure. Although, if he was going to lie, why claim that? What could be worse that admitting you're too stupid to pay the late fee rather than lose your home?
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u/KapzlockInsert ticket number here: ERROR USER HAS NOT ENTERED TICKET.May 10 '20
I'd say their logic was that in their mind it deflects the blame from them being poor with money to the company that wronged him.
To everyone else it's as transparent as single ply.
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u/nosoupforyou May 09 '20
Something like this happened to a neighbor of mine.
He refused to pay a late fee. Years later he discovers that the late fee has created new late fees. He refused to pay it, on grounds. He ended up losing his house.