I got an offer in the mail the other day which I have to share. It was so off the wall I read it three times before I believed it. It seems that the kindly bank holding my car loan is generously offering to let me skip a month's payment. Isn't that nice of them? The second paragraph, though, (well, at least they didn't bury it in an eight point footnote)revealed that their offer would set me back a $25 application fee plus whatever extra finance charges accrued because of the resulting extension of the term of the loan by another month. And, of course, since this is the case, "skip" is a misnomer. "Delay" is the more accurate term but I guess that isn't as attractive marketingwise. The sheer audacity of the mailing cracked me up. The extra finance charge made some sense but what I still can't fathom is the $25 application fee. Who would ever pay that just so they can skip one month's car payment? I don't get it. I would love to know the percentage of positive replies the bank gets from such a ridiculous offer
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