Companies are generally not flexible when it comes to payment arrangements. If you don’t pay what they tell you to pay, when they tell you to pay it, you are punished – with interest, penalty fees, or both; and an adverse listing on your credit record.
Pity it doesn’t work in the reverse. As the stories featured in this column illustrate, again and again, if companies owe their customers money for some reason, they often take weeks or months to repay it, and seem flummoxed by suggestions that they should add interest or bank charges to that sum.
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