Bill Me Later Complaint - Bill Me Later = Loan Sharks
I purchased some books from Amazon with a $40 dollar gift certificate. When I was done I had a balance due of $15 and some change. I was offered to pay it via Bill Me Later. Like some of the other posters the bill arrived late with late fees added. I paid the original amount owed and sent it. For the next couple of months I received bills in the mail, and ignored them as I knew they had been paid. Last week I opened the envelope to find that my balance was over $50. I also noticed at the bottom of the statement the APR was over 80%. Unfortunately the statement has been shredded so I don't have the exact amount.
I called the company and was told I owed the money as I'd paid a few days late. I told them the fees should be waived, they said no. I told them I wasn't paying another cent, I paid what I owed and that I was pretty sure the 80 some percent interest rate is illegal.
I was pretty much told too bad, we will keep sending you bills and keep adding charges until you pay. I told her to make a note that there will be no more money from me so they shouldn't waste their postage, then put the bill in my shredder and said, "hear that? That's the sound of me shredding your bill."