What Is a Late Payment Fee
A late payment fee is more than a small annoyance. It can raise the cost of debt, signal payment trouble, and sometimes come with other negative effects.
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A late payment fee is more than a small annoyance. It can raise the cost of debt, signal payment trouble, and sometimes come with other negative effects.
Origination fees are common on some loans and can make a loan more expensive than the interest rate alone suggests. That is why borrowers should compare total cost, not just the headline rate.