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Re: Finance Charges

From: Shawn Hogan
Date: Wednesday, October 1, 2003
Time: 1:28:26 pm

Matt Clark wrote:

> I have upgraded to the latest version of Optigold, and I have only run into
> one issue. Finance charges are too high.
>
> I have the charge set to 18% (which should be 1.5% monthly). This has not
> changed. When I assess the finance charges, I get varried amounts as a late
> fee. Sometimes it is 2.96% and other times it is approaching 4%. Any idea
> what is going on?

Not sure... would need to know your dates and such... But there are details
of how finance charges are calculated here:

http://www.digitalpoint.com/lists/48805.html

- Shawn

----------------------------------
Shawn D. Hogan
President, Digital Point Solutions
http://www.digitalpoint.com
(858) 452-3696


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