It’s bad enough getting into apayday loan in the first place. But even more fun is involved if you are unable to pay back your payday loan. Most companies keep piling up interest and late fees, making it tough to repay the loan. A reader recently wrote of her experience paying back [...]
Entries Tagged as 'late fees'
How to Get Out of Payday Loan Hell
October 31st, 2008 · 14 Comments · Banking, Consumer Debt, PayDay Loans
Tags: Interest Fees·late fees·Nightmare·PayDay Loans·Read Contract·Student Loan
Banks Increasing Reliance on Income From Late and Over-the-Limit Fees
June 25th, 2008 · No Comments · Banking
Isn’t Congress supposed to be doing something about $40 late and over the limit fees
From 2002 to 2006, the nation’s ten largest banks increased their reliance on fees by 17%.
From 1994 –2005, over–the-limit fees in the credit card industry more than doubled, while late fees nearly quadrupled.
Interchange fees–fees credit card issuers charge merchants when [...]
Tags: ATM fees·banking fees·credit card fees·increased banking costs·interchange fees·late fees·over the limit fees·overdraft fees
