I agreed to the purchase and received my first invoice in January 2010 that was due on January 20, 2010. The total amount was $2346.16. I immediately set up equal payments of $200 per month on the 20th of every month until the final month of December 2010 in which I sent a payment of $146.16 to First Electronic Bank. All of this was done via an automatic payment program that I set up using my Bank of America bank account.

Everything appeared to be fine until the first part of January 2011 when I received my final statement showing that I now owed First Electronic Bank $280.68 in deferred interest as my last payment was received by First Electronic Bank on 12/20/10 but was due on 12/19/10. Hence, I now owed First Electronic Bank all of the deferred interest for the year.

At no time did I know that the final payment date was changed or moved up. Hence my final payment showed up a day late.

Can you help me with this exasperating situation? I have contacted Frys Credit and each and every time they refuse to give me anyone that will listen to my situation. Instead they continue to recite to me the financing policy and that I am now past due with First Electronic Bank.

Please contact me as now First Electronic Bank wants to charge me interest on interest if my new payment for them for $280.68 is not paid by January 22, 2011.