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Late fee. A late fee, also known as an overdue fine, late fine, or past due fee, is a charge fined against a client by a company or organization for not paying a bill or returning a rented or borrowed item by its due date. Its use is most commonly associated with businesses like creditors, video rental outlets and libraries.
A grace period is a period immediately after the deadline for an obligation during which a late fee, or other action that would have been taken as a result of failing to meet the deadline, is waived provided that the obligation is satisfied during the grace period. In other words, it is a length of time during which rules or penalties are ...
Arrears. In finance, arrears (or arrearage) is a legal term for the part of a debt that is overdue after missing one or more required payments. [ 1] The amount of the arrears is the amount accrued from the date on which the first missed payment was due. The term is usually used in relation with periodically-recurring payments such as rent ...
8. Refinance with a hard money loan. You won’t like the high interest rates and fees of a hard money loan — one from a private lender, often an individual — but it might buy you some time to ...
Bally Total Fitness Corp. agreed to stop mailing bogus "past-due" notices to former customers in Texas and will refund those who fell for its marketing practices, the Texas Attorney General's ...
This unfortunately resulted in incorrect CP14 balance-due notices being sent to unsuspecting taxpayers. According to tax expert Bill Nemeth, the issue with these errors — most commonly occurring ...
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