Rogers Late Payment Interest Charges

[mcspainting]

When you sign up with rogers they make you pay one month in advance for all services. So how do they get away with charging interest for accounts that are late 30 days?

[Ojam]

Because you are late. You agreed to pay a certain amount by a certain date.

[mcspainting]

Ok so when my bill comes in I have 25 days to pay it then it accumulates interest. But all Rogers customers have to pay one month in advance for the service how does that make sense, technically am i not then current?

[Ojam]

Ok so when my bill comes in I have 25 days to pay it then it accumulates interest. But all Rogers customers have to pay one month in advance for the service how does that make sense, technically am i not then current?

It doesn't matter that you are current. You agreed to pay by that date. It's negative reinforcement to make sure you pay by the date you agreed to. In theory they could be gaining interest on your money if they have it on time. Interest that they are losing out on if you are late.

[mcspainting]

Wow I pay them for 60 days and on day 55 they can start charging me interest. They are already collecting interest on my last months payment, seems kind of shady to me

[Chrispy]

No, 30 days late to them means 60-days actually because of what you've already said, they bill 30-days in advance.


It's 30-days late of the current balance, not of the charges.

[Jimboski]

How much Is the interest rate? Just curious.

[mcspainting]

26%

[Jimboski]

26%

Ouch, They list that on the next bill right? If the month you owe still isn't paid for?

Assuming you have two months of service stacked up that's not paid for that Is..

[stuntman]

When you sign up with rogers they make you pay one month in advance for all services. So how do they get away with charging interest for accounts that are late 30 days?

They make people pay up front now? I am not surprised. It is like a free loan.

If they did not charge interest for paying on time what would be the incentive to pay on time? It seems reasonable to me.


Wow I pay them for 60 days and on day 55 they can start charging me interest. They are already collecting interest on my last months payment, seems kind of shady to me
your OP says 30 days in advance (one month).

So do you pay 30 days in advance or 60 days in advance?
This all is sounding shadier.

[stuntman]

.........

[Joelllle]

They make people pay up front now? I am not surprised. It is like a free loan.

If they did not charge interest for paying on time what would be the incentive to pay on time? It seems reasonable to me.


your OP says 30 days in advance (one month).

So do you pay 30 days in advance or 60 days in advance?
This all is sounding shadier.

If your bill cycle is the 27th and your bill is for May, your monthly fees is for May 27th to June 28th, so essentially, when you pay, you pay for the current month.

[aggronieszka]

Also, if the interest rate is 26%, that's an annual rate, not the percentage you pay if you're a month late.

Also, pay your bills on time.

[mcspainting]

I m sure most people make every effort try to pay there bills on time but the fact is with Roger's that you are always prepaid one month in advance. My point is that how many compaines make you pay up from for your sevices then make you pay interest on a so called late payment when they are paid to day 60 yet they start charging interest on day 55. Actual interest per annum 26.82%.

When you pay rent are you not entitled to interest on you last months payment, my Rogers bill per month is probably a rent payment for some people. I would like to be paid 26.82% on my pre payment.

[Winkle]

You don't pay 30 or 60 days in advance.

Say your billing date is the 1st of each month, that means you will be issued a bill on April 1 for services between April 1 and April 30 which you will have to pay by April 25.

They bill you 30 days in advance, but you are at a minimum paying for the service no more then 5 days in advance.

Every telecomm service in Canada does this and bills this way, it's not rocket science, there's nothing shady about this as they don't hide it, it's in your Terms of Agreement that you consent to when you sign up for the service, it's your responsibility to read it and be aware of all the terms. If you pay your bills on time then there's no issue.


I m sure most people make every effort try to pay there bills on time but the fact is with Roger's that you are always prepaid one month in advance. My point is that how many compaines make you pay up from for your sevices then make you pay interest on a so called late payment when they already have your next months money.

Every cellphone, cable and internet provider in Canada makes you pay up front for their services, and charge interests for late payment. Every. Single. One of them. Bell, Rogers, Telus, Teksavvy, Wind Mobile and any other subsidiaries that they own such as Fido, Virgin Mobile, Koodo etc., they all use this billing method for every service they provide.

Again, they don't have your money up front. You have 25 days to pay for your current 30 days of service.

[mcspainting]

(They bill you 30 days in advance, but you are at a minimum paying for the service no more then 5 days in advance). So we are paying interest on our own money?

[Winkle]

(They bill you 30 days in advance, but you are at a minimum paying for the service no more then 5 days in advance). So we are paying interest on our own money?

I really don't understand your question, there is no interest if you pay on time.

Do you mean that you are paying interests on services that hasn't been rendered if you don't pay your bills on time?

[mcspainting]

Yes I am sure many Rogers customers carry a balance.

[Winkle]

Yes I am sure many Rogers customers carry a balance.

No idea how you would know this though.

There's no issues if you pay your bills on time.

[mcspainting]

Paying your bills on time or not is it right to pay interest on a service that hasn't been rendered?

[Winkle]

Paying your bills on time or not is it right to pay interest on a service that hasn't been rendered?

Whether it is "right" to do so or not is moot, because those are the terms one agrees to, of their own free will, when they subscribe to Roger's services. No one is forced into it.

Are those terms are fair to the customer? Well I can say they aren't.

[Kasakato]

I m sure most people make every effort try to pay there bills on time but the fact is with Roger's that you are always prepaid one month in advance. My point is that how many compaines make you pay up from for your sevices then make you pay interest on a so called late payment when they are paid to day 60 yet they start charging interest on day 55. Actual interest per annum 26.82%.

When you pay rent are you not entitled to interest on you last months payment, my Rogers bill per month is probably a rent payment for some people. I would like to be paid 26.82% on my pre payment.

Prepaid expenses are very common. Insurance, cell/cable, internet are all examples. The firm recognizes these as a liability until they are earned.

[mcspainting]

The monopoly Rogers & Bell have really leaves the customer at their mercy and their business practice & term's of service reflect that.

[Winkle]

The monopoly Rogers & Bell have really leaves the customer at their mercy and their business practice & term's of service reflect that.

Well, this is standard billing practices for all telecommunications services in Canada. Even the smaller, newer start-ups like Wind Mobile and Mobicility uses this system.

[Scott84]

I take the lazy approach and have them take it straight from my account. That way no late payments.

[stuntman]

(They bill you 30 days in advance, but you are at a minimum paying for the service no more then 5 days in advance). So we are paying interest on our own money?

From what was posted here.

-You start watching your Rogers cable service on April 1st
-You also get a bill on April 1st. That bill is due on April 25th.
-You can not pay that bill for 25 days while watching TV you have not paid for yet.
-On the 25th day you pay for your 25 days used + 5 days in the future.

Sounds like you are getting 25 days of interest free TV (pun intended) but forced to give them 5 days of interest on your $60 or whatever it is.

The problem I think you are having is the same problem I have.....either I pay my bill right away or there is a high risk of missing the payment AND hating to pay the outrageous interest.

If the bill is too much of a burden you can always do what I did: not get cable TV.

sm