In relation to the applicable rate of interest on overdue amounts, it appears to be focused on when an amount becomes «payable» and not necessarily when an expense is incurred. (lernerspersonalinjury.ca)
As a loan servicer, Discover is responsible for providing basic services to borrowers, including accurate periodic account statements, supplying year - end tax information, and contacting borrowers regarding overdue amounts. (getoutofdebt.org)
As a result of the failure to make the required payment, ACLS must pay the entire overdue amount, plus interest at a rate of 8.0 % per annum, plus certain additional costs and expenses associated with the collection of such amounts. (greenbackd.com)