I bought a new mattress recently, and the store offered free financing for 6 months, which seemed reasonable to me so I signed up for it. My first payment was due the 2nd month of ownership (May). Come the beginning of May, I logged into my account and it showed a minimum payment of $0.. I thought that was odd, but went ahead and paid $75 anyway (about what my normal monthly payment is to pay off in 6 months). Shortly thereafter I got a statement for a minimum payment of $15, with a due date of May 28. I, of course, ignored this since I had already made a May payment. Now in June I start getting calls from the lender (GE Money), and finally answered one, and they stated that I missed my payment for May, and I owed $15 plus a late fee of $40... but if I pay NOW over the phone, they will waive the late fee. I tried to explain to the guy on the phone that I had made a $75 payment on May 3, that should have covered the $15 payment, but he said the statement was for May 5, and since I didn't make a payment by the 28th it was a late fee.

Moral of the story, I (almost) got a LATE fee because I paid EARLY


Stupid. End of rant
Before people make the suggestion, I'm 99% certain this wasn't any sort of scam. I didn't even give them any billing information on the phone, they just used the information I had from the GE website.