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Late Fees

Late fees can be imposed by a variety of different organizations, such as credit card companies, landlords, or utility providers. The amount of a late fee may be a fixed amount, or it may be a percentage of the original payment amount. Continue Reading Below  

About Late Fees

Late fees can be imposed by a variety of different organizations, such as credit card companies, landlords, or utility providers. The amount of a late fee may be a fixed amount, or it may be a percentage of the original payment amount. Late fees are often used as a way to encourage timely payment, and they can help to offset the costs associated with processing late payments.
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