I took out a $3.000 dentist loan with care credit last year. Being unaware i had free interest for a year i paid it as soon as possible with one payment left i fell behind their cut off date by 2 weeks. Next bill was for the balance of $381.50 plus they tacked on the interest for the whole loan which was $786.22. I sent in the last payment of $ 381.50 and not the huge interest they tacked on my statement are showing a $20.00 interest payment every month i let go by without paying it interest is 22.9%
i think i should only pay interest on the balance i had of $381.50
not the whole $3.000
i have perfect credit and have never been late with a payment this will ruin my credit for life. And with every month that goes by the balance is getting bigger.
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